Following the announcement that Octavian International Limited had entered Administration on 7th May 2010, Austrian Gaming Industries GmbH (AGI), the international subsidiary of the Novomatic Group of Companies, has moved decisively to acquire by purchase from the Administrator KPMG LLP various Octavian assets. Certain other assets, including core intellectual properties, had previously been ascribed to AGI.

The purpose of this asset acquisition is to enable AGI to ensure by this initiative that former Octavian customers now have a truly viable alternative source of excellence-driven gaming solutions that is backed by the technical, financial and management of one of the world’s foremost gaming groups.

Around the world Octavian had always been held in great regard for its high standards of technical innovation and dedicated customer service. It is now AGI’s clear intention to build on this reputation for excellence in the future through bringing to bear the innovation best symbolized in the Novomatic motto: “Novomatic leads, others follow”.

AGI Managing Director Jens Halle noted: “As with every area of AGI’s business, the customer is king. Many AGI customers were also Octavian customers and it is to safeguard their requirements and to exceed their expectations that we have taken the decision to acquire these assets and intellectual properties. By extending our focus to now include system solutions we further enhance our core business and we are fully committed to providing the level of innovation and customer service that is the strong foundation of our global business.” (E-06.08.10)

© Copyright 2010 CasinoCompendium



>>> return to archives
>>> return to frontpage