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Inspired Entertainment, Inc. announced that the Competition and Markets Authority in the UK has cleared the Company’s pending acquisition of the Gaming Technology Group (“NTG”) of Novomatic UK Ltd. (“Novomatic UK”), a division of NOVOMATIC GROUP, a leading international supplier of gaming equipment and solutions. The Company previously announced a definitive agreement to acquire NTG on June 11, 2019. The CMA’s approval was a requirement to complete the acquisition. Following this approval, the Company expects to complete the NTG acquisition on or about October 1, 2019, subject to the satisfaction of the remaining customary closing conditions.
“We are pleased to have received approval from the CMA and are grateful for their diligence and efficiency in reviewing the transaction,” said Lorne Weil, Executive Chairman of Inspired. “The anticipated successful completion of this acquisition is expected to be an exciting step forward in the evolution of Inspired into a global gaming company with a comprehensive portfolio of products and services and world-class functional expertise in the gaming industry.”
About Inspired Entertainment, Inc.:
Inspired is a global games technology company, supplying Virtual Sports, Mobile Gaming and Server Based Gaming systems with associated terminals and digital content to regulated lottery, betting and gaming operators around the world. Inspired currently operates over 35,000 digital gaming terminals and supplies its Virtual Sports products through more than 40,000 retail channels and over 100 websites, in approximately 35 gaming jurisdictions worldwide. Inspired employs 600 employees in the UK and elsewhere, developing and operating digital games and networks. Additional information can be found at www.inseinc.com.
Source: Inspired Entertainment, Inc.
Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Inspired Secured Regulatory Approval for Acquisition of NTG
