Austrian gaming giant Novomatic is set to acquire the remaining 47.1% of Ainsworth Game Technology shares. Novomatic’s offer values the remaining Ainsworth shares at $336 million, offering a 35% premium at $1 per share. The deal follows Ainsworth’s 44% profit drop in 2024 to $23.2 million amid Latin America struggles and rising costs.
Ainsworth’s board has unanimously endorsed the proposal, citing attractive value for minority shareholders. Novomatic, owning 52.9% since 2016, plans to strengthen its global strategy in Asia-Pacific and the U.S. through acquisition.
Novomatic Executive Board Member Stefan Krenn said, “As a long-term shareholder, we know the business well and support integration.”
He added, “We believe merging Ainsworth into our operations best serves our strategic goals for international growth.”
“We look forward to welcoming Ainsworth’s highly skilled employees into the Novomatic family to drive success together,” Krenn concluded.
Meanwhile, Ainsworth chairman Daniel Gladstone said Novomatic’s offer offers a strong premium and appeals to minority shareholders.
“The IBC has carefully evaluated the proposed consideration against the company’s medium-and long-term growth prospects and alternative opportunities. We unanimously formed the view that the proposal represents attractive and certain value for minority shareholders,” Gladstone added.
This transaction, which is expected to close in the second half of 2025, has obtained Foreign Investment Review Board approval and awaits shareholder consent.
Novomatic Planning on Bolstering Their Online Casino Campaigns?
Ainsworth, based in Sydney, invests heavily in R&D with studios operating in multiple international locations. They have also secured partnerships with major U.S. casino operators, including Caesars, Station Casinos, and Wynn.
This acquisition positions Novomatic to strengthen its presence in the real money online casino sector. Namely, it could be a sign of the company’s intent of breaking into the competitive landscape of USA online casinos. Integrating Ainsworth’s innovative gaming solutions, Novomatic aims to enhance its offerings and expand its reach in the digital gaming market.