Novomatic extends Ainsworth takeover offer to December 2025
The extended offer period gives shareholders additional time to consider the bid as Novomatic seeks to further expand its international gaming portfolio.
The extended offer period gives shareholders additional time to consider the bid as Novomatic seeks to further expand its international gaming portfolio.
The supplier has also officially obtained IMG's global sports betting rights portfolio.
Financial terms of the transaction have not been released, but Snuneymuxw expects to become one of the largest casino operators by revenue in British Columbia as a result of the deal.
The merger has now passed the necessary regulatory conditions, completing for an AU$55.4m transaction fee.
The operator also issued a trading update to shareholders, stating 'exceptionally customer-friendly sports results' affected operations for September and impacted sports betting margins.
The deal will combine Betclic and Tipico under the Banijay Gaming division, forming a formidable regulated European betting and gaming operator.
The land acquisition cost GLPI $27m, as closing of the transaction is still subject to customary conditions, including the receipt of licenses and approvals from the Virginia Lottery Commission.
The Circa Resort & Casino CEO acquired a 50% stake in Golden Gate Hotel & Casino nearly 20 years ago, prior to taking over full ownership of the Downtown Las Vegas property in 2015.
Move marks strategic realignment as group refocuses on Philippine operations.
The offer for an additional 2.9% stake in the company gives shareholders an alternative to Novomatic's existing takeover bid.