The AU$500 million sale of a 52.5 percent stake in Australian slot manufacturer Ainsworth Game Technology to Austrian gaming giant Novomatic AG is nearing completion with approvals now in hand from the “majority of gaming regulators” necessary, according to Ainsworth Chairman Graeme Campbell.
The deal, in which Novomatic is acquiring the majority stake of company founder Len Ainsworth, is expected to close January 3.
“The regulatory approval process for the sale of shares by Mr. Ainsworth to Novomatic has progressed well,” Campbell said. “I am pleased to advise that Novomatic has now received the necessary approvals from the majority of gaming regulators, including Nevada. We expect, subject to final regulatory approvals, to report completion as planned.”
Two years in the making, Novomatic buying the stake is expected to widen Ainsworth’s markets throughout Europe and Asia.