888 Casino Slot Machine Ainsworth has stepped down as the executive director of Ainsworth Game Technology following its acquisition by Novomatic. (Image: Dominic Lorrimer)The takeover comes following a Friday announcement by the two firms that they had received all of the necessary regulatory approvals to complete the acquisition. The relatively complex deal was first announced nearly two years ago, when Len Ainsworth, founder of Ainsworth Game Technology (AGT), agreed to sell 172. win real money online casinos online casino pa no deposit bonus 1 million shares to Novomatic for approximately AUD 473. 3 million (1 million). Deal Required Several International ApprovalsHowever, that deal was subject to regulatory scrutiny in a variety of jurisdictions. coolcat casino 100 no deposit bonus poker winning card

That included various regulatory boards in Australia, the United States, and South America. “The approval involved intense scrutiny from multiple gaming boards,” Novomatic said in a press release last month. casino slot ev calculator “Novomatic is now one of the few internationally active companies to have passed strict compliance checks from these international authorities. ”The company made particular note of its regulatory approval from the Nevada Gaming Control Board. Those approvals made Novomatic the first Austrian company ever to gain regulatory approval in Las Vegas. Error Code: 521 Nayt Austria With the sale now completed, Len Ainsworth has resigned as the executive director of AGT. restaurant soaring eagle casino

Key Insights and Expert Analysis

However, the company founder has agreed to stay on to help the company as a consultant for an additional year. pechanga casino number He will also retain ownership of 1. 87 percenruby slots softwaret of the company. four winds casino age limit Novomatic Hoping to Improve American PresenceAccording to AGT Chairman Graeme Campbell, the acquisition by Novomatic is a “historic and important day” for the company. “We have a new, international, industry leading majority partner in Novomatic,” Campbell said in a statement. “As shareholders recognised in voting in favour of the transaction, this partnership strengthens Ainsworth Game, providing us with the resources and support to leverage our highly regarded gaming technology and expertise to more effectively compete in the world’s gaming markets. coushatta casino covid restrictions

”Meanwhile, Novomatic Chief Technology Officer Thomas Graf said that his company hoped AGT could help them make gains in international markets – particularly in the United States. online casino no deposit bonus free AGT just opened a new Las Vegas headquarters in 2016. Casino 4k Steelbook Fgvo “We are attracted to Ainsworth Game because of its superior gaming technology, clear industry expertise and impressive international footprint, especially in the U. S. big fish casino app store Black Hawk Casino Location Jtfu market,” Graf said. The potential to improve their standing in the United States appeared to be a major reason for Novomatic’s interest in AGT.

In a press release issued last month, the acquisition was described as being “strategically very important,” and the company said it hoped to increase its US market share to about 10 percent over the next five years. Novomatic is already a company with plenty of international presence. golden nugget casino deals The company employs 25,000 workers, and has installedruby slots software 260,000 machines at 2,100 venues in 45 different countries. The firm also provides sports betting systems and lottery terminals. Located in a relatively rural area just six miles from the Nepal-India border, Tiger Palace Resort is going after the millions of Indians in the nearby surrounding region who love to wager. Gambling remains predominantly outlawed in India, despite recent discussions regarding a possible easing of laws. free slot machine games with bonus spins

Nepal’s Tiger Palace Resort is taking a page out of Las Vegas’ nongaming success stories, and offering lavish wedding ceremonies at its venue. free slots 4u casino (Image: Tiger Palace)Benefitting from that problem now is Nepal’s newly opened five-star Tiger Palace Resort in Bhairahawa. Though the property won’t hold its official grand opening celebration until March, the resort started welcoming guests in September. casino n carolina The majority of India’s legal casinos are in Goa, which is more than 1,200 miles away from Tiger Palace. Gambling venues can also be found on the western coast in Mumbai and Daman, as well as Sikkim in the northeastern corner of India. when will scarlet pearl casino open Home to Cool Cat Casino Tournaments Fwsl