"The regulatory approval process for the sale of shares to Novomatic AG is progressing well,” said the chairman of Ainsworth Game, Graeme Campbell, in the firm’s annual report released last Friday. "We expect completion to occur before the end of this calendar year,” he added.
Campbell additionally stated: "We look forward to welcoming Novomatic to Ainsworth as the new majority shareholder. We will continue to seek to explore and deliver synergy benefits from this strategic relationship.”
Ainsworth Game had previously said – in its interim report published in August – that it expected the integration with Novomatic to be completed in the "September 2017 quarter”.
In May, Danny Gladstone, chief executive of Ainsworth Game, had flagged the possibility that the integration of the two businesses could be completed by October this year. A factor affecting how quickly it can be achieved is the 196 United States jurisdictions in which Ainsworth Game is licensed to supply gaming equipment, as Novomatic also needs to be approved by those places, Gladstone told GGRAsia at the time.
Novomatic has already taken over the management of sales for Ainsworth Game in Europe. The Austria-based company’s global sales division will be responsible for Ainsworth Game’s European sales, according to an August announcement.
Source: GMB / GGR Asia
