NOVOMATIC to Support Independent Chair of Ainsworth Game Tech Board
Austrian manufacturer of gear for the international gambling industry and provider of related solutions NOVOMATIC AG said in a recently available filing to the Australian Securities Exchange that if it completes the proposed takeover of other provider and maker Ainsworth Game tech Ltd., it could back the immediate visit of an separate individual to your post of Chair of this second company’s board.
In addition, the Austrian gaming giant would be sure that the Ainsworth Game tech board would carry on having a independent directors majority.
NOVOMATIC first announced intends to acquire the Australian-listed gaming company on February 23. The Austrian holding stated that it could purchase a 53% stake in Ainsworth Game tech through the latter’s Chairman and creator Len Ainsworth.
Early in the day this month, the company that is australian in a filing to the ASX that a shareholders meeting have been postponed for up to a month. The conference had been planned become held on June 3 and during it, investors had been to vote regarding the proposed transaction.
The meeting ended up being delayed as a result of discussions that are ongoing whether shareholding interests associated with Mr. Ainsworth household should vote en bloc, perhaps to the detriment of this rest of the business’s shareholders.
Based on a Friday filing from Ainsworth Game tech towards the ASX about the potential takeover, NOVOMATIC has stated that upon the transaction’s conclusion, if such conclusion occurs, a completely independent individual is appointed as Chair associated with the company that is australian. What’s more, the board would be represented by a majority of independent directors before the end of 2018 or until NOVOMATIC and associates get more than 75% in Ainsworth Game Technology.
However, it was pointed out into the filing that if third events go to gain control over the gaming technology company or ‘any unexpected circumstance’ linked to its operations happen, the pledge that is above-mentioned not any longer use.
With core operations in European countries, NOVOMATIC happens to be looking to expanding its existence in other markets as well. Last year, the company reported revenue that is full-year of billion and EBIT of €374 million. It currently has business activities in 80 countries across the globe and employs more than 24,000 individuals.
888poker Partners Super High Roller Bowl and Poker Central for Branding visibility
Internet poker room 888poker has announced another essential partnership contract. The popular brand has partnered utilizing the Super High Roller Bowl and poker TV community Poker Central to secure visibility throughout the second version of this major high roller tournament.
The Super tall Roller Bowl kicked down 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 exposure all around the event and during the in-show Poker Central broadcasts.
The Super tall Roller Bowl will run from May 29 to June 1. Up to 49 entries have actually compensated the $300,000 buy-in so that you can enter the function also to contend for the fully guaranteed prize that is first-place of5 million. In addition to the award cash, the big champion may also be granted the special Super High Roller Bowl champ band, hand-crafted exclusively for the high roller competition.
The 888poker branding publicity will also be secured by German poker Dominik that is professional Nitsche who’s considered to be on the list of poker room’s ambassadors. Kara Scott, who’s joined the group of popular characters become advertising the brand just recently, will host the Super tall Roller Bowl. The big event shall be televised over the CBS Sports and Poker Central networks. Fans will also be able to watch it live on Twitch.
This is simply not the first important contract 888poker has signed recently. Last thirty days, it became clear that the poker brand is now the formal sponsor for the 47th Annual WSOP, with all the world’s many prestigious poker series set to kick off the next day, May 31. Under the regards to the contract, 888poker would get a broad visibility on the official site of this WSOP and around its live reporting section, dedicated to the upcoming poker festival, become more precise.
The 888poker logo happens to be visible to readers that are based outside of the United States. The ESPN protection of the WSOP $10,000 Main Event would also feature the brand that is 888poker. Included in the contract, the web poker space ran a number of satellite events that gave players the opportunity to be eligible for a various occasions in the festival’s schedule.