Ainsworth and Novomatic terminate scheme implementation deed

Novomatic’s takeover bid remains active.

Australia.- The slot manufacturer Ainsworth Game Technology has announced the termination of a scheme implementation deed with Novomatic for the shares Novomatic does not currently own. The decision was taken due to unlikely satisfaction of the shareholder approval condition precedent. Ainsworth will apply to the Supreme Court of New South Wales to cancel the Scheme Meeting scheduled for August 29.

Ainsworth said: “For the scheme to become effective, specified conditions precedent need to be satisfied or waived, including a requirement for Ainsworth shareholders to approve the scheme by the requisite majorities in accordance with the Corporations Act.”

It added that the implementation deed remains in effect in respect, and Ainsworth’s independent board committee continues to unanimously recommend that shareholders accept.

Ainsworth recently reported revenue of AUD152.1m (US$98.9m) for the first half of 2025. That’s a rise of 25.3 per cent year-on-year. Net profit was AUD4.9m (US$3.2m), down 65 per cent.

The company said the revenue growth was due to the increase of land-based sales in its main regions, particularly in Australia following the release of the RaptorTM cabinet in February. The Asia Pacific segment generated revenue of AUD34.6m (US$2.2m), up 81 per cent. The region saw 1,049 unit sales, a 90 per cent increase year-on-year. Profit increased 23 per cent to AUD7.9m (US$5.1).
 
 

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See also: Novomatic makes final offer for Ainsworth

Novomatic’s takeover bid remains active. Australia.- The slot manufacturer Ainsworth Game Technology has announced the termination of a scheme implementation deed with Novomatic for the shares Novomatic does not currently…