Novomatic’s hostile takeover bid for Ainsworth Game Technology (AGT) has collapsed after the target company rejected the offer. Ainsworth confirmed the transaction implementation deed was not executed, leaving Novomatic’s acquisition attempt unsuccessful. The move highlights ongoing competition in the land-based gaming sector, where AGT remains an independent player.
Kjerulf Ainsworth, heir to Ainsworth Game Technology, introduces a competing takeover proposal targeting the same company as Novomatic’s bid. The move positions him as an alternative suitor in the acquisition race for Ainsworth Game Technology.
The son of Ainsworth’s founder has launched a bid to raise his stake in the company, escalating a power struggle against Novomatic’s control. The move follows broader regulatory shifts in the Asia-Pacific gaming sector, where terms like *channelization*—referring to indirect distribution channels—are gaining traction. This development signals heightened competition for influence within Ainsworth’s governance structure.
Ainsworth has canceled its share purchase scheme proposed by Novomatic, though the takeover bid process remains active. The termination does not affect Novomatic’s ongoing efforts to acquire Ainsworth through a formal bid. Both companies continue negotiations under the existing takeover framework.
Aug 2025Asia Gaming News | AGB - Asia Gaming BriefNews article
