Novomatic's subsidiary, Austrian Gaming Industries, has become the majority shareholder in Octavian Global Technologies. AGI recently increased its stake in the company to 51 per cent.

Octavian’s founder and chief executive officer, Harmen Brenninkmeijer, said: “Octavian and AGI have worked closely together in recent years and there is great synergy between our two companies, as well as complementary products and expertise.

“Both individually and collectively, AGI and Octavian have an extremely strong offering to operators in established and developing gaming markets across the globe.”

Jens Halle, managing director of AGI, commented: “With AGI and Novomatic’s expertise in cabinets and games and Octavian’s focus on systems and games, we are very excited about the further opportunities that will open up for both companies.”

The initial focus of their collaboration will be to strengthen each company’s position in existing markets. AGI and Octavian are also expected to attend major gaming shows together and launch other shared marketing initiatives.