NOVOMATIC to guide Independent Chair of Ainsworth Game Technology Board
Austrian manufacturer of equipment for the international gambling industry and provider of related solutions NOVOMATIC AG stated in a current filing towards the Australian Securities Exchange that it would back the immediate appointment of an independent individual to the post of Chair of the latter company’s board if it completes the proposed takeover of fellow provider and manufacturer Ainsworth Game Technology Ltd.
In addition, the Austrian gaming giant would be sure that the Ainsworth Game Technology board would keep on having a directors that are independent.
NOVOMATIC first announced intends to acquire the Australian-listed video gaming company on February 23. The Austrian holding stated that it could obtain a 53% stake in Ainsworth Game Technology from the latter’s Chairman and creator Len Ainsworth.
Previously this month, the Australian business said in a filing to your ASX that a investors meeting was indeed postponed for approximately a month. The meeting ended up being planned become held on June 3 and during it, shareholders had been to vote in the proposed transaction.
The conference was delayed due to ongoing talks on whether shareholding interests associated with Mr. Ainsworth family should vote en bloc, perhaps to your detriment regarding the remaining portion of the company’s shareholders.
According to a Friday filing from Ainsworth Game Technology to your ASX about the possible takeover, NOVOMATIC has said that upon the transaction’s conclusion, if such completion occurs, an unbiased person could be appointed as seat of this Australian company. What’s more, the board would be represented by way of a majority of independent directors until the final end of 2018 or until NOVOMATIC and associates acquire a lot more than 75% in Ainsworth Game tech.
Nevertheless, it absolutely was stated in the filing that if third events check out gain control over the gaming technology company or ‘any unforeseen circumstance’ pertaining to its operations occur, the above-mentioned pledge would no longer use.
With core operations in European countries, NOVOMATIC has been looking to expanding its presence in other markets too. A year ago, the company reported full-year revenue of €3.9 billion and EBIT of €374 million. It presently has business activities in 80 nations across the global world and employs significantly more than 24,000 individuals.
888poker Partners Super High Roller Bowl and Poker Central for Branding visibility
On-line poker space 888poker has established another partnership agreement that is important. The favorite brand name has partnered with all the Super tall Roller Bowl and poker TV system Poker Central to secure exposure during the second version regarding the major high roller tournament.
The Super tall Roller Bowl kicked down on May 29 at ARIA Resort & Casino in Las Vegas. And underneath the terms of 888poker’s agreement that is latest, the online poker brand name would get a branding visibility throughout the occasion and during the in-show Poker Central broadcasts.
The Super High Roller Bowl will run from May 29 to June 1. As many as 49 entries have actually paid the $300,000 buy-in so that you can enter the function and also to contend for the fully guaranteed prize that is first-place of5 million. Independent of the reward cash, the big winner may also be awarded the special Super tall Roller Bowl champion band, hand-crafted solely for the high roller tournament.
The 888poker branding publicity may also be secured by German poker professional Dominik Nitsche, who’s regarded as on the list of poker room’s ambassadors. Kara Scott, who may have joined the cluster of popular personalities become marketing the brand name just lately, will host the Super High Roller Bowl. The event shall be televised throughout the CBS Sports and Poker Central systems. Fans is likewise able to view it go on Twitch.
This is not the initial important contract 888poker has finalized recently. Last month, it became clear that the poker brand name is becoming the sponsor that is official the 47th Annual WSOP, with all the planet’s most prestigious poker series set to kick off tomorrow, May 31. Beneath the regards to the contract, 888poker would get a exposure that is broad the state internet site for the WSOP and around its real time reporting area, specialized in the future poker festival, to be more accurate.
The 888poker logo design has become visible to readers that are based outside the United States. The ESPN coverage associated with 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.
