NOVOMATIC to aid Independent Chair of Ainsworth Game Technology Board
Austrian maker of gear for the worldwide gambling industry and provider of related solutions NOVOMATIC AG stated in a recent filing to the Australian Securities Exchange that if it completes the proposed takeover of other provider and maker Ainsworth Game Technology Ltd., it could back the instant appointment of an independent person to your post of seat regarding the second business’s board.
In addition, the Austrian gaming giant would be sure that the Ainsworth Game tech board would carry on having a directors that are independent.
NOVOMATIC first announced plans to find the gaming that is australian-listed on February 23. The Austrian holding said that it would purchase a 53% stake in Ainsworth Game tech through the latter’s Chairman and creator Len Ainsworth.
Early in the day this thirty days, the company that is australian in a filing towards the ASX that a shareholders conference was postponed for approximately a month. The meeting ended up being planned to be held on June 3 and during it, investors were to vote regarding the proposed transaction.
The meeting was delayed as a result of ongoing discussions on whether shareholding passions related to Mr. Ainsworth family members should vote en bloc, possibly to your detriment for the rest of the company’s investors.
According to a Friday filing from Ainsworth Game Technology to the ASX concerning the prospective takeover, NOVOMATIC has stated that upon the transaction’s conclusion, if such conclusion happens, an independent individual would be appointed as seat associated with the Australian company. What is more, the board could be represented by a most of independent directors before the final end of 2018 or until NOVOMATIC and associates get more than 75% in Ainsworth Game Technology.
But, it absolutely was stated within the filing that if third parties proceed to gain control over the gaming technology business or ‘any unexpected circumstance’ pertaining to its operations happen, the pledge that is above-mentioned not any longer apply.
With core operations in Europe, NOVOMATIC happens to be trying to expanding its presence in other markets also. Last year, the company reported revenue that is full-year of billion and EBIT of €374 million. It currently has company 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
Internet poker space 888poker has established another essential partnership agreement. The popular brand has partnered using the Super High Roller Bowl and poker TV system Poker Central to secure exposure during the 2nd version regarding the major roller tournament that is high.
The Super tall Roller Bowl kicked off on May 29 at ARIA Resort & Casino in Las vegas, nevada. And under the terms of 888poker’s agreement that is latest, the internet poker brand name would get a branding publicity all over the event and during the in-show Poker Central broadcasts.
The Super tall Roller Bowl will run from might 29 to June 1. As many as 49 entries have actually paid the $300,000 buy-in in order to enter the event also to contend for the assured prize that is first-place of5 million. Apart from the prize money, the top champion will also be awarded the unique Super tall Roller Bowl champion ring, hand-crafted exclusively for the high roller competition.
The 888poker branding exposure is likewise secured by German poker professional Dominik Nitsche, who is known to be one of the poker room’s ambassadors. Kara Scott, who may have joined the cluster of popular characters to be promoting the brand name recently, will host the Super tall Roller Bowl. The event will be televised over the CBS Sports and Poker Central systems. Fans is likewise able to watch it go on Twitch.
This isn’t the first important agreement 888poker has finalized recently. Last month, it became clear that the poker brand name is now the sponsor that is official the 47th Annual WSOP, aided by the earth’s most prestigious poker series set to kick off the next day, might 31. Under the terms of the agreement, 888poker would receive a broad visibility on the official site of the WSOP and around its real time reporting section, specialized in the upcoming poker festival, become more exact.
The 888poker logo happens to be visible to guests that are based outside the United States. The ESPN coverage associated with WSOP $10,000 Main Event would also feature the 888poker brand. Within the agreement, the web poker room ran a number of satellite events that provided players the opportunity to qualify for various events regarding the festival’s schedule.