A high-ranking official from Novomatic discusses the upcoming acquisition of Ainsworth with regulatory bodies in Nevada.
Novomatic, the Austrian gaming-technology company, is moving forward with its acquisition of Ainsworth Game Technology, despite the termination of a planned scheme of arrangement. The ongoing investigation regarding Novomatic, which began in 2019, is reportedly winding down favourably, according to the public prosecutor's proposal.
The scheme of arrangement, driven by AGT, aimed to acquire all outstanding shares in the company after Novomatic already held 53%. However, due to insufficient shareholder support, the scheme was terminated. Yet, Novomatic's separate unconditional takeover bid for the remaining shares, priced at AUD 1.00 per share (approximately USD 0.645), remains active, allowing Novomatic to potentially increase its stake beyond the current 55.2% shareholding.
This acquisition aligns with Novomatic's international growth strategy, particularly expanding in the Asia-Pacific and US markets. If the deal is approved, a decision will be made about merging AGT and Novomatic in the U.S. or operating separately. The merger could also potentially benefit both companies in the U.S., Europe, and Australia.
It is worth noting that there is no publicly reported information indicating any criminal investigations related to this acquisition as of August 2025. The process is primarily focused on shareholder consent and regulatory approvals.
Meanwhile, the remaining investigation involves the CFO of Casinos Austria, who was appointed with the help of Harald Neumann, and allegations of suspected support of Novomatic in gaming licenses or adapting the law in favour of Novomatic. Previously, Harald Neumann, who has since left Novomatic and is now the CEO of Ainsworth Game Technology, was involved in a bribery investigation in Austria alongside former CEO Johann Graf, with allegations of seeking favourable treatment through board appointments. Harald Neumann has denied these allegations.
The deal requires a vote from the minority stakeholders of AGT. The vote is expected to take place after regulatory approval, with a decision expected by the end of August. The Nevada Gaming Control Board has recommended Stefan Krenn as suitable for the Novomatic executive board, and the approval now goes to the Nevada Gaming Commission.
In conclusion, while the scheme has been terminated, the acquisition is not abandoned and continues via the takeover bid, with no evidence of criminal issues at this stage. The acquisition of Ainsworth Game Technology by Novomatic is a significant step in Novomatic's global expansion plan and could potentially bring mutual benefit and growth for both companies.
[1] Novomatic Press Release, August 2025 [2] Ainsworth Game Technology Press Release, August 2025 [3] Novomatic Annual Report, 2024 [4] Ainsworth Game Technology Annual Report, 2024 [5] Financial Times, August 2025
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