Novomatic eyes potential London IPO

Novomatic eyes potential London IPO

Monday, March 13, 2017
Gaming machine giant weighing up listing options

The gaming machine supplier Novomatic is reported to be considering an initial public offering that could value the company at over €6bn and has hired Australian investment bank Macquarie to advise on the float.

The privately-held Austrian firm is considering its options with both London and Frankfurt being considered as a home.

Back in September, Novomatic issued a seven-year term bond worth €500m. In early February, the company announced that group revenues for 2016 were likely to pass the €4bn mark for the first time. The gaming arm Novomatic is likely to see revenues rise 10 percent to €2.3bn.

Reuters newswire reported that among the options was the sale of a minority stake in the company to a private equity firm. The reports suggested the company is seeking to expand further its operations in the US, Latin America, Australia and Asia.

Within the past year the company acquired a minority stake in Australian gaming machine company Ainsworth Game Technology and it has plans to acquire a majority stake. Novomatic chief executive said in February: “We have already made significant progress and begun the strategic planning process for our joint future after Novomatic becomes Ainsworth’s majority shareholder.”

Both companies are currently in the process of obtaining the approval of various gaming authorities required for the completion of the acquisition.

In December, Novomatic acquired a stake in Casino Austria.

Totally Gaming says: An initial public offering would undoubtedly add heft to the Novomatic proposition, bringing with it the potential for greater financial firepower. The company is also moving ahead on other fronts including the Ainsworth acquisition and securing its positon in UK arcades. 

Latest

Isleta breaks ground on $40m casino expansion

Unikrn looks to Vegas with acquisition of esports firm LEET

SugarHouse Casino hosts free ‘Draft House’ party

Operators turn to VizExplorer for cutting-edge CRM solutions

Unikrn looks to Vegas with acquisition of esports firm LEET

SugarHouse Casino hosts free ‘Draft House’ party

Operators turn to VizExplorer for cutting-edge CRM solutions

Isleta breaks ground on $40m casino expansion

Latest poll

Is the current bonus structure to blame for the gambling industry losing trust?

A recent Gambling Commission survey has noted a plummet in consumer confidence in the gambling industry. What do you think is the biggest cause behind this?

Confusing sign-up bonus conditions
49% (55 votes)
Over saturation of gambling advertising on TV
19% (21 votes)
FOBTs and the campaign against them
16% (18 votes)
Perceived association with crime
10% (11 votes)
The incidence of problem gambling
5% (6 votes)
Clustering of gambling establishments
2% (2 votes)
Total votes: 113

Gaming Products & Services Directory

The essential directory for the gaming industry