Seven Feathers Casino Queensryche Ainsworth has stepped down as the executive director of Ainsworth Game Technology following its acquisition by Novomatic. (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. The relatively complex deal was first announced nearly two years ago, when Len Ainsworth, founder of Ainsworth Game Technology (AGT), agreed to sell 172. 1 million shares to Novomatic for approximately AUD 473. 3 million (1 million). twin river casino website cache creek casino woodland ca 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. mgm grand casino owner

“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. hard rock casino upcoming concerts With the sale now completed, Len Ainsworth has resigned as the executive director of AGT. Riverwind Casino Federal Id Number Aacn Switzerland However, the company founder has agreed to stay on to help the company as a consultant for an additional year. He will also retain ownership of 1. download silver oak casino tachi palace hotel and casino pool

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87 percenisland resort and casino packagest of the company. Cache Creek Casino Is Open Ktgi Denmark Novomatic Hoping to Improve American PresenceAccording to AGT Chairman Graeme Campbell, the acquisition by Novomatic is a “historic and important day” for the company. hollywood casino online poker “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. ”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. clearwater casino event center 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. slot machine gambling rules mountaineer casino mobile app

S. bellagio casino colombo owner market,” Graf said. The potential to improve their standing in the United States appeared to be a major reason for Novomatic’s interest in AGT. phone number to sunset station casino 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. Novomatic is already a company with plenty of international presence. casino 21 game The company employs 25,000 workers, and has installedisland resort and casino packages 260,000 machines at 2,100 venues in 45 different countries. The firm also provides sports betting systems and lottery terminals. roulette casino apk download

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