Novomatic outlines pending Ainsworth acquisition to Nevada gaming board
Novomatic executive Stefan Krenn outlined the company's pending acquisition of Ainsworth Game Technology to the Nevada Gaming Control Board, which recommended him as suitable for Novomatic's executive board. Krenn said the deal, structured as a scheme arrangement, still required Australian regulatory clearance and a vote by minority shareholders. He expected the shareholder outcome to be known by the end of August.
The proposed acquisition remains subject to regulatory clearance and minority shareholder approval, affecting the companies' ownership and US operations.