AGI 4.55% 92.0¢ ainsworth game technology limited

Ann: AGI Release - Business Update, page-13

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    If this is what you're referring to then I'm not so sure this is Novomatic moving to protect their investment: https://www.ggrasia.com/ainsworth-to-cover-novomatic-asia-pacific-sales-service/

    This announcement just seems to me that Novomatic is handing over their Asia business to AGI (who knows why)-- I don't know anything about Novomatic's business in Asia but if it was seriously profitable I've got no idea why they would risk it in the hands of AGI. If Novomatic was serious about protecting their investment I'd have thought they'd be doing something to stop the excessive bleeding of the Australian business (which seems to be dragging everything down) and step in to take more direct control over AGI's US and Sth American business before it is run into the ground like the Australian business.


 
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