NOVOMATIC to Support Independent Chair of Ainsworth Game Tech Board

2020-01-02T14:55:19+00:00 January 7th, 2020|

NOVOMATIC to Support Independent Chair of Ainsworth Game Tech Board

Austrian manufacturer of equipment for the worldwide gambling industry and provider of related solutions NOVOMATIC AG stated in a current filing towards the Australian Securities Exchange that if it completes the proposed takeover of fellow provider and maker Ainsworth Game tech Ltd., it would straight back the instant visit of a independent individual to the post of Chair of this latter company’s board.

In addition, the Austrian gaming giant would make sure that the Ainsworth Game tech board would carry on having a independent directors bulk.

NOVOMATIC first announced plans to get the Australian-listed gaming business on February 23. The Austrian holding stated that it could obtain a 53% stake in Ainsworth Game Technology through the latter’s Chairman and founder Len Ainsworth.

Earlier this month, the Australian company said in a filing to the ASX that a shareholders conference was postponed for approximately per month. The conference was planned become held on June 3 and during it, investors were to vote in the proposed transaction.

The meeting was delayed because of ongoing discussions on whether shareholding interests associated with Mr. Ainsworth family members should vote en bloc, perhaps towards the detriment of the rest of the organization’s investors.

According to a Friday filing from Ainsworth Game Technology to the ASX concerning the prospective takeover, NOVOMATIC has stated that upon the deal’s conclusion, if such conclusion happens, a completely independent person could be appointed as seat for the Australian company. What’s more, the board is represented by a majority of separate directors before the final end of 2018 or until NOVOMATIC and associates acquire significantly more than 75% in Ainsworth Game Technology.

Nevertheless, it was stated within the filing that if third parties go to gain control over the gaming technology company or ‘any unforeseen circumstance’ pertaining to its operations occur, the pledge that is above-mentioned no longer apply.

With core operations in Europe, NOVOMATIC was seeking to expanding its existence in other markets too. This past year, the business reported full-year income of €3.9 billion and EBIT of €374 million. It currently has business tasks in 80 countries across the globe and employs more than 24,000 individuals.

888poker Partners Super High Roller Bowl and Poker Central for Branding publicity

Internet poker space 888poker has announced another partnership agreement that is important. The popular brand name has partnered with the Super tall Roller Bowl and poker TV community Poker Central to secure exposure throughout the 2nd edition associated with major roller tournament that is high.

The Super tall Roller Bowl kicked down May 29 at ARIA Resort & Casino in nevada. And underneath the terms of 888poker’s latest contract, the web poker brand name would get a branding publicity throughout the occasion and during the in-show Poker Central broadcasts.

The Super tall Roller Bowl will run from May 29 to June 1. As much as 49 entries have paid the $300,000 buy-in so that you can enter the big event also to contend for the assured first-place prize of $5 million. Independent of the award money, the top winner is likewise granted the special Super tall Roller Bowl champion band, hand-crafted exclusively for the roller tournament that is high.

The 888poker branding exposure may also be secured by German poker Dominik that is professional Nitsche who’s known to be on the list of poker room’s ambassadors. Kara Scott, that has joined the group of popular characters become advertising the brand name just recently, will host the Super tall Roller Bowl. The event will be televised over the CBS Sports and Poker Central networks. Fans may also be in a position to watch it go on Twitch.

This is simply not initial agreement that is important has signed recently. Final thirty days, it became clear that the poker brand is now the official sponsor for the 47th Annual WSOP, utilizing the earth’s most prestigious poker series set to start up tomorrow, May 31. Beneath the terms of the agreement, 888poker would receive a broad visibility on the official website for the WSOP and around its live reporting section, specialized in the future poker festival, become more precise.

The 888poker logo is now visible to website visitors that are based outside of the United States. The ESPN protection regarding the WSOP $10,000 Main Event would additionally feature the 888poker brand. The online poker room ran a number of satellite events that gave players the opportunity to qualify for various events on the festival’s schedule as part of the agreement.