Novomatic has confirmed that yesterday’s annual general meeting of Casinos Austria determined that the conditions for the acquisition of 17.2 per cent of its shares have been met.

Harald Neumann, Novomatic CEO, said: “The entry of Novomatic as a new Austrian shareholder is an important step for a stable and sustainable core shareholder structure for the Casinos Austria group.

“As a leading international and globally recognised gaming technology company, we are interested in a valuable investment and positive development of Casinos Austria.”