July 24, 2016 6:53 PM ET

Hotels, Restaurants and Leisure

Company Overview of Novomatic AG

Company Overview

Novomatic AG, through its subsidiaries, develops, manufactures, and distributes gaming products, lottery technology solutions, and cross-linked system solutions for gaming and betting markets worldwide. It operates in two segments, Gaming Technology and Gaming Operations. The Gaming Technology segment engages in the production, sale, and rental of gaming and entertainment machines; and operation of an online B2B business. The Gaming Operations segment operates casinos and electronic gaming machine casinos, as well as the online B2C business; and provides sports and horse racing betting services. The company also develops gaming solutions for the Internet, mobile devices, and interactive tele...

Wiener Strasse 158

Gumpoldskirchen,  2352

Austria

Founded in 1980

20,188 Employees

Phone:

43 2252 606 0

Key Executives for Novomatic AG

Chairman of the Executive Board and Chief Executive Officer
Age: 54
Founder
Age: 70
Chief Financial Officer and Member of Executive Board
Deputy Chairman of Executive Board and Chief Operating Officer
Chief Investment Officer
Compensation as of Fiscal Year 2016.

Novomatic AG Key Developments

Novomatic Mulls Foreign Acquisitions

Novomatic AG is eyeing acquisition targets abroad.

AGT To Be Sold To Novomatic

Stake in Ainsworth Game Technology Ltd. (ASX:AGI) (AGT) may be sold. Len Ainsworth, who holds 53% stake in AGT, is planning to sell his stake to Novomatic AG at AUD 2.75, a share netting a $473 million. Novomatic says that it will hold a majority stake while letting AGT's management team control the day-to-day business.

Novomatic Seeks Acquisitions

Novomatic AG is seeking acquisitions. Novomatic plans to continue acquisitions this year, above all in Europe which it sees as its core market and where it wants to become the leader on "all relevant markets,” according to Chief Executive Officer Harald Neumann. Acquisitions could take place especially in the UK and Spain.

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