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NOVOMATIC completes Italian HBG acquisition

NOVOMATIC completes Italian HBG acquisition

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NOVOMATIC, Europe’s leading gaming technology Group, continues its international expansion course with one of the largest transactions in its history, the acquisition of the HBG Group, making NOVOMATIC one of the largest concessionaires in Italy.

Approval of the takeover by the Italian Autonomous Administration of State Monopolies (AAMS) also underlines the confidence of the authorities in the Group. NOVOMATIC has been operating in Italy, one of the world’s largest gaming markets by revenue, for more than 15 years and has established its position as the technology leader in Europe’s largest VLT market due to the high level of confidence of its licensed business customers.

HBG Gaming is one of the leading operators in the Italian market and is active both as a concessionaire of VLTs and AWPs, as well as in online gaming, sports betting and the operation of bingo sites.

“With this acquisition, NOVOMATIC is sending a clear signal of further international expansion and can double its market share as a concessionaire in one of the key European gaming markets,” underlines NOVOMATIC Executive Board Member, Ryszard Presch.

Fellow NOVOMATIC Executive Board Member, Johannes Gratzl, adds: “With this successful closing of one of the largest takeover transactions in our company history, we have laid the foundation for further sustainable growth.”

With this transaction, the number of employees of the Group has increased to more than 3,000 in Italy and to almost 22,000 worldwide.

For Markus Büchele, CEO of NOVOMATIC Italia, this is a reason to rejoice: “In the year of our 15th anniversary in Italy, we can continue on a very successful path thanks to a great partnership with HBG and grow further together.”