December 31, 2016 / by: Gray Peterson
Europe’s top gaming technology group, Novomatic has completed and finalized all the requirements to acquire the Albanian National Lottery.
After the lottery's tendering process which took place in 2012, Novomatic has successfully acquired 100% stake of Lotaria Kombetare in a ten-year license that will see them launch, operate and oversee the day to day operations of the Albanian National Lottery. Following this successful acquisition, Novomatic continues to strategically position itself in the European gaming market thereby strengthening its lottery business. Since the gaming technology group has unmatched expertise in this realm, they will be responsible for running all operations of the Albanian National Lottery.
Chief Executive Officer Novomatic Group, Harald Neumann stated that following their relentless efforts, they have managed to delve into and fully established their services in key markets such as Eastern and South Eastern Europe. He explains that with their latest 100% acquisition of Lotaria Kombetare, they can now enhance their position and implement their strategy as a fully-fledged provider of gaming services.
Lotaria Kombetare on its part has praised Novomatic, saying that their portfolio is secure, reliable and comprises of high-quality products that offer generous payouts and fair chances of winning.
The Novomatic Group prides itself in being one of the largest operator and producers of gaming solutions. The company has over 24,000 employees all over the world. The group was created in 1980 by Professor Johann F. Graf and boasts of being in 50 countries all over the word and supplying electronic gaming services and solutions to more than 80 countries around the world.