NOVOMATIC Finalizes Vikings Casinos Acquisition in French Market Expansion
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NOVOMATIC, the renowned Austrian gaming technology powerhouse, has officially announced the successful culmination of its acquisition of the French Vikings Casinos group. This pivotal move, coming after an exhaustive review by all pertinent licensing and regulatory bodies, is set to significantly bolster NOVOMATIC's foothold in one of Europe's most vital gaming markets. The completion of this acquisition unequivocally underscores the company's unwavering commitment to sustainable growth and strategic international diversification in the long run.
The Vikings Casinos group, a prominent fixture in the French gaming landscape since its establishment in Falaise in 1998, has grown to become one of the nation's leading casino operators. Boasting a substantial workforce of over 300 employees, the group currently manages approximately 1,000 gaming terminals across more than 10 live casinos throughout France. These prime locations include highly sought-after spots along the picturesque Côte d'Azur. This strategic acquisition will empower NOVOMATIC to substantially expand its existing portfolio of services within one of Europe's largest and most vibrant gaming regions, thereby accelerating its ambitious international growth strategy.
Stefan Krenn, Executive Board Member of NOVOMATIC AG, emphasized the profound significance of this development: "The acquisition of Vikings Casinos represents a cornerstone in our deliberate efforts to amplify NOVOMATIC's global market presence. France, in particular, stands out as one of Europe's most dynamic and, indeed, most challenging gaming markets. By making this substantial investment, we are not only solidifying our already leading position within the European market but also unequivocally demonstrating our resolute commitment to our long-term, comprehensive global expansion strategy."
The successful procurement of French regulatory approval for this acquisition is a testament to the deep-seated confidence placed in NOVOMATIC's expertise, reliability, and established track record. Furthermore, this crucial approval paves the way for exciting future plans aimed at further developing the French casino business. Operating under the expansive umbrella of a leading global gaming technology group like NOVOMATIC, Vikings Casinos is poised for continued innovation and growth, promising enhanced gaming experiences for patrons across France. This strategic integration is anticipated to unlock new opportunities and cement NOVOMATIC's status as a dominant force in the international gaming industry.
