ASTRA ANNOUNCES DANOPTRA DEAL COMPLETION
Astra Games Limited (the wholly owned UK subsidiary of Austrian Gaming Industries GmbH, (AGI) part of the Novomatic Group) have confirmed that, following clearance from the Office of Fair Trading (OFT) given on 3rd July 2012, the purchase of trade and assets of the Danoptra Group companies Gamestec Leisure, Bell-Fruit Games, RLMS Sales and Mazooma Interactive Games has now been formally concluded.
The conclusion of this transaction, which began with initial discussions back in 2009, now creates an Astra UK Gaming Group that, based on 2011 reported figures, has a total turnover of £79.68 million and £15.73million EBITDA (earnings before interest, taxation, depreciation and amortisation) and employs a total workforce of 1,042.
Each of the four ‘acquired’ companies will maintain their individual identities – being some of the most respected and iconic names in the UK gaming industry – and will conduct themselves with their existing staff and in a ‘business as normal’ manner.
The Astra UK Gaming Group will be managed by a five man Board of Directors. Zane Mersich, Managing Director of Astra Games since 2008, will become the Group’s CEO and will be joined by John Austin (Managing Director, Bell-Fruit Games), Chris Butler (Managing Director of Gamestec), Neil Paramore (CFO) and Paul Terroni, who moves from Danoptra to take up the role of Business Development Director within the new entity.
Bell Fruit Games Managing Director, John Austin, was forthright in commenting on the completion of the Astra acquisition: “This is great news for BFG, its staff, customers and the industry it serves. Great News because being part of Novomatic, a globally leading group in the gaming machine market, provides us with the benefits of an owner who understand the issues around this particular market and is able to provide the investment we very much need to take us forward with new developments and emerging technologies as well as offering synergy with their products and technologies. I have said on numerous occasions in the past that ownership of any business in the design and manufacture of gambling machines is infinitely better in the hands of major players in the global market than banks or PLCs who know little about the market and its needs.”