GGB is committed to providing updated news and analysis on our weekly news site,

Novomatic Seeks Casinos Austria Shares, Announces Catalonia Deal

Austria’s Novomatic Group has submitted binding offers to the MTB Privatstiftung for that company’s 16.8 percent shares in Casinos Austria AG (CASAG), and to the Leipnik-Lundenburger Invest Beteiligungs AG (LLI) for its 29.6 percent shares in the MEDIAL Beteiligungs GmbH—equating to an indirect equity stake of 11.34 percent in Casinos Austria AG, the monopoly casino operator in Austria.

The offers were accepted both by the MTB Privatstiftung as well as by the LLI. The conclusion of both transactions remains subject to various permissions governed by public law as well as by company law and to formal approval requirements.

If any further shares should be offered at an acceptable price then Novomatic would also be interested in acquiring them, according to a statement from the company. The parties have agreed not to disclose any purchase price.

In other Novomatic news, the company announced that Novomatic Lottery Solutions (NLS) has been selected as successful bidder in a public competition for a six-year contract by the Catalonian Lottery (Loteria de Catalunya).

The contract provides full lottery facility management services for the autonomous region of Catalunya in Spain for both online and instant lottery products and services. The contract will commence on April 1, 2016, and contains an option for an additional two-year extension.

    Recent Feature Articles

  • The King of London

    British casinos took a giant leap forward when Simon Thomas and his father Jimmy took over the fabled Hippodrome theater in London and created a casino for the new world

  • Finally Florida

    With the U.S. Supreme Court denying an injunction, Florida was added to the list of states that have legalized sports betting with a monopoly for the Seminole tribe

  • Less Is More

    How to solve the staffing conundrum

  • Thunder Down Under

    Is the Australian gaming market primed for a resurgence?

  • Cashless Connections

    As several cashless payment solutions compete and, in many cases, partner, the path to cash-free gaming accelerates