» Online Casino News » Novomatic to acquire further shares in the Austrian Lotto

Novomatic to acquire further shares in the Austrian Lotto

25 July 2015

At the moment the gambling market in the Alpine republic is shaken by severe turbulences. Only recently it came to the attention that 3 already assigned casino licenses were tipped by the Federal Administrative Court. Now, one of the inferior companies, namely the Novomatic AG, which is considered as the largest European group for gaming technology with 19,000 employees and more than three billion euros in annual sales, has caused a lot of disconcertment in the Austrian market because it came up with a new deal. The group that is based in Lower Austria Gumpoldskirchen, a picturesque wine-growing village near Vienna, announced that it had increased its shares in the Austrian Lotteries company drastically.

Only recently an 8 percent share was acquired, which was increased by the latest deal to about 18 percent. It is said that the Novomatic Group had already acquired the shares from the Austrian Bank, that has investments in the Austrian Lottery GmbH . Now it was announced that more lottery shares had been sold to Novomatic by further money institutes like Erste Bank, BAWAG and PSK Bank and the immigon, the partly state-owned former Volksbanken AG. The deal was commented by the CEO Harald Neumann that Novomatic is pleased to be a sustainable and stable local co-partner of lotteries GmbH with an increase in shares. In addition to the large main shareholder, the Casinos Austria AG, which holds a stake of 68 percent, Hypo-Holding, RZB, B & C Holding and Bankhaus Schellhammergasse & Schattera remain only a subsidiary of GRAWE insurance, as a small portion holder. Rumours are that Novomatic are primarily interested in the online games, in which lotteries are the only owners of the only Austrian license.

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