NOVOMATIC to guide Independent Chair of Ainsworth Game Tech Board
Austrian maker of gear for the international gambling industry and provider of related solutions NOVOMATIC AG stated in a recent 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 ensure that the Ainsworth Game Technology board would carry on having a directors that are independent.
NOVOMATIC first announced plans to acquire the gaming that is australian-listed on February 23. The Austrian holding stated that it would buy 53% stake in Ainsworth Game tech from the latter’s Chairman and creator Len Ainsworth.
Earlier in the day this month, the Australian company stated in a filing towards the ASX that a investors meeting had been postponed for up to a month. The conference had been scheduled to be held on June 3 and during it, shareholders had been to vote on the proposed transaction.
The meeting had been delayed because of ongoing discussions on whether shareholding interests related to Mr. Ainsworth family should vote en bloc, perhaps towards the detriment regarding the rest of the business’s shareholders.
Based on a Friday filing from Ainsworth Game tech to the ASX regarding the possible takeover, NOVOMATIC has stated that upon the transaction’s completion, if such completion happens, a completely independent individual could be appointed as Chair associated with the company that is australian. What is more, the board will be represented with a most of independent directors until the final end of 2018 or until NOVOMATIC and associates get significantly more than 75% in Ainsworth Game tech.
However, it was described in the filing that when third events check out gain control over the gaming technology company or ‘any unexpected circumstance’ pertaining to its operations happen, the above-mentioned pledge would no further use.
With core operations in Europe, NOVOMATIC happens to be looking to expanding its presence in other markets also. A year ago, the business reported revenue that is full-year of billion and EBIT of €374 million. It currently has company tasks in 80 countries round the world and employs a lot more than 24,000 people.
888poker Partners Super High Roller Bowl and Poker Central for Branding Exposure
Internet poker room 888poker has established another crucial partnership agreement. The most popular brand name has partnered using the Super High Roller Bowl and poker television system Poker Central to secure visibility throughout the 2nd version associated with major high roller tournament.
The Super High Roller Bowl kicked down May 29 at ARIA Resort & Casino in nevada. And underneath the terms of 888poker’s latest contract, the online poker brand would get a branding publicity all over the occasion and during the in-show Poker Central broadcasts.
The Super tall Roller Bowl will run from May 29 to 1 june. As many as 49 entries have actually paid the $300,000 buy-in to be able to enter the event also to contend for the guaranteed prize that is first-place of5 million. In addition to the reward cash, the big champion may also be awarded the special Super tall Roller Bowl champion band, hand-crafted solely for the roller tournament that is high.
The 888poker branding visibility will also be secured by German poker professional Dominik Nitsche, who’s known to be among the list of poker room’s ambassadors. Kara Scott, who has joined the group of popular characters become advertising the brand name just recently, will host the Super tall Roller Bowl. The function will be televised across the CBS Sports and Poker Central systems. Fans may also be able to view it live on Twitch.
It is not the first crucial agreement 888poker has finalized recently. Last month, it became clear that the poker brand is the sponsor that is official the 47th Annual WSOP, utilizing the planet’s many prestigious poker series set to start up tomorrow, May 31. Beneath the terms of the agreement, 888poker would get a exposure that is broad the state internet site associated with WSOP and around its live reporting section, dedicated to the upcoming poker festival, become more accurate.
The 888poker logo design is currently visible to website visitors that are based outside the United States. The ESPN protection for the WSOP $10,000 Main Event would additionally feature the brand that is 888poker. 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.