Hr Soaring Eagle Casino Ainsworth has stepped down as the executive director of Ainsworth Game Technology following its acquisition by Novomatic. soaring eagle casino ticket office paragon casino rooms (Image: Dominic Lorrimer)The takeover comes following a Friday announcement by the two firms that they had received all of the necessary regulatory approvals to complete the acquisition. mgm casino downtown detroit The relatively complex deal was first announced nearly two years ago, when Len Ainsworth, founder of Ainsworth Game Technology (AGT), agreed to sell 172. poker casino uriage 1 million shares to Novomatic for approximately AUD 473. 3 million (1 million). Deal Required Several International ApprovalsHowever, that deal was subject to regulatory scrutiny in a variety of jurisdictions. That included various regulatory boards in Australia, the United States, and South America. “The approval involved intense scrutiny from multiple gaming boards,” Novomatic said in a press release last month. “Novomatic is now one of the few internationally active companies to have passed strict compliance checks from these international authorities.

”The company made particular note of its regulatory approval from the Nevada Gaming Control Board. Those approvals made Novomatic the first Austrian company ever to gain regulatory approval in Las Vegas. doubledown casino bonus With the sale now completed, Len Ainsworth has resigned as the executive director of AGT. Golden Palace Casino Nieuwpoort Ybwi However, the company founder has agreed to stay on to help the company as a consultant for an additional year. turtle lake casino hotel He will also retain ownership of 1. 87 percendraftkings casino sign upt of the company. Novomatic Hoping to Improve American PresenceAccording to AGT Chairman Graeme Campbell, the acquisition by Novomatic is a “historic and important day” for the company. “We have a new, international, industry leading majority partner in Novomatic,” Campbell said in a statement. “As shareholders recognised in voting in favour of the transaction, this partnership strengthens Ainsworth Game, providing us with the resources and support to leverage our highly regarded gaming technology and expertise to more effectively compete in the world’s gaming markets. hard rock casino 401k

Key Insights and Expert Analysis

”Meanwhile, Novomatic Chief Technology Officer Thomas Graf said that his company hoped AGT could help them make gains in international markets – particularly in the United States. viejas casino fireworks 2020 AGT just opened a new Las Vegas headquarters in 2016. “We are attracted to Ainsworth Game because of its superior gaming technology, clear industry expertise and impressive international footprint, especially in the U. S. market,” Graf said. draftkings casino colorado The potential to improve their standing in the United States appeared to be a major reason for Novomatic’s interest in AGT. foxwoods resort casino yelp In a press release issued last month, the acquisition was described as being “strategically very important,” and the company said it hoped to increase its US market share to about 10 percent over the next five years. cliff castle casino gift shop Novomatic is already a company with plenty of international presence. online casino games list little river casino to reopen The company employs 25,000 workers, and has installeddraftkings casino sign up 260,000 machines at 2,100 venues in 45 different countries. viejas casino dog friendly Drake Casino Tournament Sich

The firm also provides sports betting systems and lottery terminals. Foxwoods Online Gambling Kakw Located in a relatively rural area just six miles from the Nepal-India border, Tiger Palace Resort is going after the millions of Indians in the nearby surrounding region who love to wager. Gambling remains predominantly outlawed in India, despite recent discussions regarding a possible easing of laws. Nepal’s Tiger Palace Resort is taking a page out of Las Vegas’ nongaming success stories, and offering lavish wedding ceremonies at its venue. (Image: Tiger Palace)Benefitting from that problem now is Nepal’s newly opened five-star Tiger Palace Resort in Bhairahawa. brian christopher slots birthday Though the property won’t hold its official grand opening celebration until March, the resort started welcoming guests in September. The majority of India’s legal casinos are in Goa, which is more than 1,200 miles away from Tiger Palace. Which Online Casino Has The Best No Deposit Bonus Gambling venues can also be found on the western coast in Mumbai and Daman, as well as Sikkim in the northeastern corner of India. royal ace casino deposit codes