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Gaming group Novomatic has announced that they've completed their purchase of Australia-based Ainsworth after clearing regulatory hurdles.
The purchase has been given the official green light from all bodies involved, including the Nevada Gaming Commission and Australian gaming regulators. Novomatic will now purchase a 52% controlling interest in the company and will see Ainsworth operating under its umbrella. With the purchase Ainsworth director Len Ainsworth has resigned his position but will remain with the company for the next year.
Speaking about the purchase Novomatic Chairman Harald Neumann said, "The compliance investigations carried out as part of this registration were extremely thorough. They included all corporate divisions of Novomatic AG."
"Our shares in Ainsworth are strategically very important for Novomatic. After all, the joint plan is to increase market share in the US to about 10% over the next five years. In the long-term, Novomatic may become the world market leader in the area of gaming."