New Subsidiary of Novomatic Applied for Licenses
In a reaction to the amendment of the Austrian gaming law Novomatic has created a new company as an exclusive operating unit for the Austrian gaming market.
As a wholly owned subsidiary of the Novomatic AG, Admiral Casinos & Entertainment AG (ACE AG) has applied in the tender process for the concessions and licenses in the Upper and Lower Austrian casino and slot gaming segments.
ACE AG was founded at the end of May. The company will act as the Novomatic Group’s operating unit for the Austrian gaming market. It becomes the…