Novomatic already holds the majority at Casinos Austria
August 07, 2015
Novomatic which was founded in 1980 became one of the most important global gaming companies for the next three decades. The gambling group operates alongside casinos and slot machine halls as well as online casinos in well-regulated markets and offeres innovative slot machines, table games and video poker. Austrian players have always been the cornerstone of their programs and they will continue to be in the spotlight because the software developer is expanding its presence. It has picked the Casinos Austria AG, a large gaming company, which was founded in 1967, and which is partly owned by the state. Since its establishment, it opened a dozen casinos throughout Austria, this is mainly the reason why it caught Novomatics´ eye. The software developer wants to expand its business with the country-based gambling company, since it has already made a name for itself in the competitive online industry. The plan of Novomatic is straightforward and has a good chance of success. Novomatic has put the MTB Privatstiftung and Leipnik Lundenburger Invest Beteiligungs on sale because these companies own shares worth more than 28% ownership interest in Casinos Austria and the two bids were accepted. The next coup happened at the end of last week with the acquisition of the shares of insurance group UNIQA. Thus the Lower Austrian Gaming Group is the largest shareholder of casinos, including lotteries; it holds 39.5 percent of the shares and the state is only holding 33.24 percent. The Austrian market is growing at a steady pace and therefore it is no coincidence that Novomatic wants to consolidate its position in Austria. The software developer is a prominent actor on this stage and well on its way to become even more successful.