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Архив января 7, 2020

NOVOMATIC to Support Independent Seat of Ainsworth Game Technology Board

Austrian maker of equipment for the international gambling industry and provider of related solutions NOVOMATIC AG stated in a current filing to the Australian Securities Exchange that it would back the immediate appointment of an independent individual to the post of Chair of the latter company’s board if it completes the proposed takeover of fellow provider and manufacturer Ainsworth Game Technology Ltd.

In addition, the Austrian gaming giant would be sure that the Ainsworth Game Technology board would continue having a independent directors bulk.

NOVOMATIC first announced plans to get the gaming that is australian-listed on February 23. The Austrian holding stated that it could buy 53% stake in Ainsworth Game tech through the latter’s Chairman and founder Len Ainsworth.

Previously this thirty days, the Australian business said in a filing to the ASX that a investors conference have been postponed for up to 30 days. The meeting ended up being planned become held on June 3 and during it, shareholders were to vote on the proposed transaction.

The conference was delayed due to ongoing conversations on whether shareholding interests related to Mr. Ainsworth household should vote en bloc, perhaps to the detriment of the rest of the organization’s investors.

According to a Friday filing from Ainsworth Game tech to the ASX regarding the prospective takeover, NOVOMATIC has stated that upon the deal’s completion, if such conclusion happens, a completely independent individual will be appointed as Chair of this Australian business. Читать далее…

City Council Holds Further Meetings on MGM Springfield Casino Venture

Michael Fenton, the President associated with City Council, announced that two extra conferences associated with city council were planned. Through the conferences, town officials are anticipated to make a decision regarding the casino web site plan, proposed by MGM Springfield. Nonetheless, he included that the evaluation that is thorough not believed to wait or damage the project in any way.

Those who keep themselves informed about the matter know that four meetings had been held in January. Each of them lasted around 90 minutes and town officials and residents got the chance to talk about the design modifications as well as the site plan associated with the $950 million casino task.

Mr. Fenton confirmed that the deliberations weren’t likely to postpone the MGM construction and included which he happens to be maintaining in touch with MGM representatives. They have been provided the approvals that are necessary so they really were able to finish their task in the set deadlines. The casino that is new likely to host its very first site visitors sometime in 2018. Meanwhile, the demolition of old buildings has started.

So far as council meetings are involved, Mr. Fenton said these were scheduled for February 17th and February 22nd at the City Hall.

The town Council President additionally said the upcoming meetings will undoubtedly be longer and added it had been about time for the city officials to take a stance that is final the situation and called for efficiency and diligence. Читать далее…