NOVOMATIC AG has signed an agreement with the Tipico Group for the sale of its 100 per cent stake in ATLAS Group, the parent company of the ADMIRAL Group in Austria, subject to certain conditions such as regulatory approvals.
The Tipico Group, a provider of sports betting and online slot games in Germany, sees this investment as an important step to further strengthen its position in Austria and expand its portfolio. The NOVOMATIC AG Group supports this decision with a stronger focus on international business development as a global innovation leader in the industry.
Atlas operates 20 bookmakers and more than 30 different types of sports offered in more than 250 branches. The gaming operation consists of 2,387 gaming machines at 150 locations in five federal states (Burgenland, Carinthia, Lower Austria, Upper Austria and Styria).
Stefan Krenn, Board Member of NOVOMATIC AG, stated: “We have decided to sell the ADMIRAL Group in Austria to focus on international growth markets and drive further global expansion. With Tipico, we have found a highly professional and reliable partner who will successfully and sustainably continue ADMIRAL’s operations in Austria.”
Axel Hefer, CEO of the Tipico Group, added: “This agreement represents an important step in Tipico’s expansion strategy to further strengthen our leading role in the German-speaking region and enhance our market position in Austria. Tipico has stood for cutting-edge technology, innovative products, and consumer protection for 20 years. We are pleased to have found a partner in the ADMIRAL Group who shares these values, and we look forward to a successful future in the Austrian sports betting and gaming market.”
NOVOMATIC AG has signed an agreement with the Tipico Group for the sale of its 100 per cent stake in ATLAS Group, the parent company of the ADMIRAL Group in Austria, subject to certain conditions such as regulatory approvals. The Tipico Group, a provider of sports betting and online slot games in Germany, sees this…