Novomatic Acquires Majority Share of Video Bingo Company, Otium

Novomatic subsidiary, Novomatic Gaming Industries, recently acquired a 60% share within OtiumGI, S.L., Spanish video bingo company. Per the agreement, the full-service provider will deliver video bingo slots to the Barcelona-based company.

Novomatic’s video bingo slots, which are part of their expanded content portfolio, are scheduled to be presented at this week’s Global Gaming Expo (G2E) in Las Vegas. The games have been designed with premium quality, and their release, in partnership with Otium, is expected to immediately impact the Mexican market.

Senior Vice President for Central and South America, NGI, Lawrence Levy, commented ‘We are delighted to announce this acquisition that has the potential to establish an excellent position for NOVOMATIC in the Mexican bingo segment and beyond. It further broadens our highly diversified product offer for the region and perfectly correlates with the Group’s ongoing commitment and strategic expansion in the Latin American markets.’

‘We are very proud to have reached this agreement with NOVOMATIC. After gaining much experience over the last few years in Mexican and Filipino markets with our video bingo products, we believe that NOVOMATIC is the perfect partner to build our brand, with the intention of becoming an industry benchmark,’ added Santiago López de Lamadrid, CTO OtiumGI.

COO OtiumGI, Fernando Ponce de León also added, ‘For me, it is a great honor to partner with NOVOMATIC on this project, due to what the company represents internationally. We firmly believe that with our combined efforts, this project will exceed all expectations.’

Source: ‘NOVOMATIC acquires video bingo provider Otium’ novomatic.com. September 23, 2016.