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Business
October 24, 2025
Kjerulf Ainsworth Launches New Bid for AGT Shares
Kjerulf Ainsworth, son of Ainsworth Game Technology (AGT) founder Len Ainsworth, is making a fresh move to increase his stake in the Australian slot machine supplier. To this extent, he has launched a proportional takeover bid to acquire an additional 2.9% of AGT, offering existing shareholders AU 1.30 ($0.84) per share. The price is roughly […]
Business
October 23, 2025
Power Struggles Deepen at Ainsworth Game Technology
Ainsworth Game Technology (AGT), the Australian slot machine developer founded by the legendary Len Ainsworth, continues to suffer from significant internal power struggles. The latest twist comes from Len’s son, Kjerulf Ainsworth, who has launched a proportional bid to lift his stake in the company from 7.27% to just under 10% as he seeks to […]
Industry
October 13, 2025
Harald Neumann Steps Down as Ainsworth CEO Amid Nevada Licensing Turmoil
Ainsworth Game Technology (AGT) finds itself in a sudden leadership vacuum after the abrupt resignation of CEO Harald Neumann, announced by the company in a Monday filing to the Australian Securities Exchange. Neumann’s departure comes just days after the Nevada Gaming Control Board (NGCB) recommended he withdraw his application for a key gaming license renewal […]
Industry
October 9, 2025
Ainsworth CEO Faces Uncertain Future After US Regulator Flags Licensing Concerns
Ainsworth Game Technology (AGT) could face a significant setback following revelations that its chief executive, Harald Neumann, is facing substantial licensing hurdles in the United States. The Nevada Gaming Control Board (NGCB) has urged Newmann to withdraw his gaming license application amid lingering doubts surrounding his alleged connection to a European corruption investigation. Nevada Regulators […]
Business
September 15, 2025
ATG Encourages Shareholders to OK Novomatic’s Takeover Bid
Gaming machine manufacturer Ainsworth Game Technology (ATG) has encouraged its shareholders to accept Novomatic’s latest takeover offer. In its latest Australian Securities Exchange release, the company defined the offer as “fair and reasonable.” Novomatic Returned with an Improved Bid Ainsworth Game Technology has issued a statement in response to Novomatic’s takeover offer through which the […]
Business
August 20, 2025
Novomatic Submits Improved Bid for Ainsworth
Not too long after major stakeholders of Ainsworth Game Technology (ATG) lambasted Novomatic’s takeover offer, saying that it undervalues the business, the latter company returned with another proposal. Novomatic Returns with an Unconditional Offer Novomatic, a European gaming powerhouse, has launched a new bid to acquire all of Ainsworth’s outstanding shares. The new proposal outlines […]
Business
August 11, 2025
Ainsworth Shareholders Say Novomatic’s Takeover Undervalues the Company
Novomatic’s plan to acquire the remainder of gaming machine manufacturer Ainsworth Game Technology and take the company private might fall through amid shareholder dissent. Major stakeholders criticized Novomatic’s deal, saying that it has put them in a difficult position. Novomatic Seeks to Acquire Ainsworth Novomatic, which is among Europe’s largest gaming tech giants, set out […]
Industry
June 16, 2025
Ainsworth CEO Under Fire for Alleged Ties to Ibiza Affair
Ainsworth Game Technology’s leadership has found itself in hot water as the slots manufacturer’s chief executive officer is being investigated over corruption charges. Neumann Was Suspected of Ties to the Ibiza Affair Harald Neumann, the CEO of Ainsworth, has been suspected of ties to the Ibiza affair, a prominent political scandal involving the gaming industry. […]
Business
May 29, 2025
Ainsworth Justifies Recent Investments with the Importance of R&D
Ainsworth Game Technology’s leadership has justified its recent investments with the importance of research and development (R&D) to the long-term success of the company. Ainsworth to Continue Investing in Research and Development Ainsworth’s chairman, Danny Gladstone, has commented on the slot machine supplier’s plans to continue investing in R&D. Addressing shareholders at the company’s annual […]
Business
April 30, 2025
Shareholder Tensions Rise After Novomatic’s Ainsworth Takeover Bid
Austrian gaming powerhouse Novomatic’s push for full ownership of Ainsworth Game Technology is running into increasing resistance from some minority shareholders despite support from Ainsworth’s Independent Board Committee (IBC). This resistance could potentially complicate what Novomatic had hoped would be a straightforward process in its bid to fully acquire the ASX-listed slot machine manufacturer. Some […]
