One of the most reputable casino operators in the United States, MGM Resorts Limited has agreed to sell its landmark Bellagio Las Vegas property to one private equity company, Blackstone Group LP. MGM Resorts International is a global entertainment and hospitality company that operates a number of luxurious resorts in Detroit, Mississippi, Las Vegas New Jersey, and Maryland.

These include Bellagio, MGM Grand, Park MGM, and Mandalay Bay. The company also has a majority stake in the MGM China Holdings Limited company as well as in MGM Growth Properties. When it comes to its Bellagio Las Vegas facility, it is located on the Las Vegas Strip. The luxurious property opened its doors more than twenty years ago in October of 1998.

The Bellagio Las Vegas Hotel and Casino was built on the demolished property of Dunes Hotel and Casino. The facility is inspired by the stunning Lake Como in Bellagio, Italy. It is famed for its remarkable elegance and of course, its notable features including a massive, eight-acre lake which is situated between the Strip and the main building. The property also has a stunning dancing water fountain, as well as loads of other notable features.

MGM Resorts International to Receive a Cash Infusion

As it was reported by the company’s officials several days ago, the facility’s owner MGM Resorts Limited will soon receive a massive cash infusion equaling around $4.2 billion as the company’s officials agreed to sell its Bellagio property to Blackstone Group LP earlier this month. The first rumors regarding this move surfaced in September following the MGM Resorts International’s decision to offload its famed Circus Circus Las Vegas property to a private entity that is fully controlled by the individual who also controls the Treasure Island Las Vegas facility.

According to the Las Vegas Journal, this latest lease-back business agreement between MGM Resorts International and Blackstone Group LP will see the Las Vegas-based company continue to manage all operations within the Las Vegas facility. It should be noted that Bellagio Las Vegas is one of the most profitable facilities of this kind in Nevada. In order to remain managing operations within the facility, MGM Resort International agreed to pay an annual rent of around $245 million.

Novomatic Acquiring Casino Rivera in Slovenia

In the meantime, another reputable casino operator has expanded its business operations. As it was reported several days ago, Austria-based company Novomatic has just acquired Casino Rivera located in Portorož, Slovenia. With this move, the company brought the number of fully licensed casinos that it owns and operates in this European country to nine. The latest Novomatic purchase was revealed by the Delo and Dnevnik daily newspaper.

The Rivera Hotel and Casino facility is located on the Adriatic coast. Currently, the casino floor offers more than one hundred and eighty gaming positions including electronic roulette games, slots and more. Before this move, Novomatic has expanded its Slovenia-based holdings in June as well after acquiring Casino Princess which was partially owned by the Princess Group International company.

Moreover, over the past several years the Gumpoldskirchen-based company has also acquired many other facilities including Casino Lev located in Ljubljana, and Kongo Casino located near Grosuplje. The Austria-based company also manages luxurious gaming parlous including Casino Joker located in Maribor and Casino Tivoli situated in Lesce along with hotels and casinos in several other Slovenian cities.

Novomatic is one of the biggest gaming technology firms in the world owned by Johann F. Graf who established this gaming behemoth back in 1980. Today, this international company employs over 30,000 individuals in more than fifty countries.

Inspired Entertainment has announced a definite deal to acquire Novomatic UK’s Gaming Technology Group. Inspired Entertainment Inc. is a global brand known for supplying mobile gaming solutions, virtual sports as well as all sorts of server-based gaming engines with all required digital content and related terminals to global gaming, betting and lottery operators.

Currently, the company operates more than 34,000 gaming terminals and it supplies its virtual sports gaming engines through over 40,000 channels across one hundred websites. Inspired is a well-known name across more than thirty-five jurisdictions over the world. The company’s headquarters is in London’s office which employs several hundred professionals in the field.

Following the most recent company’s announcement, a big slice of the United Kingdom AWP will change once the acquisition is done. In fact, the country’s biggest names in the industry Gamestec Leisure alongside other prominent operators including Astra Games, Playnation and Bell Fruit Group are currently changing hands to Inspired.

A Definite Agreement Which Combines All Major UK-Based Operators

The deal between Inspired Gaming and NTG or Gaming Technology Group of Novomatic UK was announced to an extremely surprise industry two days ago on the 11^th of June. This is a definite agreement to acquire NTG which will eventually combine all of the biggest UK operators. As previously mentioned, Inspired Entertainment is one of the major UK-based suppliers and developers of the B3 terminals and higher-payout B2 terminals in the United Kingdom.

On the other hand, Novomatic United Kingdom-based company operates and manufacture the lower D, C and sometimes B3 categories. This means that the deal between the two powerhouses will instantly elevate Inspired into the United Kingdom’s main dealer and operators regarding the street market. Hence, the company will be able to further expand its business not only across land-based gambling facilities in the country but also across many other sectors both in the British as well as in the European gambling industry.

Once the acquisition deal is done, Inspired will be operating around 75,000 machines. Following the news about the deal, the company chairman, Lorne Weil said that the company’s acquisition deal with NTG is a huger step for Inspired simply because it will enable them to significantly increase the scope, scale, and site of their business ventures by combining their services with the NTG business. Weil also added that the company expects to leverage its game content, respective footprints, and operational capabilities in order to augment the company’s already exciting business growth trends.

The Two Companies Have Much in Common

Despite the fact that NTG and Inspired currently operate two different segments, they still have much in common especially in terms of providing services and resources for consumers and customers. Thanks to this acquisition deal, Inspired would be able to provide extra resources for the company’s core business by combining machine portfolios and great contents from both powerhouses.

Moreover, the company expected to achieve around $13 million synergies through increased scale and shared cost. Weil also added that Inspired hopes to bring efficient use of shared software development, engineering, customer service, and manufacturing in order to drive cost savings and growth after the acquisition deal closes. As mentioned at the beginning, Inspired paid $120 million for the NTG acquisition and the deal is expected to close several months from now.

Novomatic was established in 1980 and over the years, it has become one of the biggest land-based gaming machines suppliers. The provider’s operations cover 70 countries, along with a base of 19000 employees. Upon establishing and to this day, the provider with headquarters in Austria has managed to expand their influence throughout the world and due to that, their slot-machines can be counted in numerous land-based casinos in Europe, America, and Asia. Furthermore, their games have reached such level of popularity and for that reason, had to be brought to online platforms. As a result, players can now explore their games and thoroughly enjoy across all devices.

Novomatic Games

Transferring to online gaming went smoothly thanks to the acquisition of Greentube Internet Entertainment Solutions in 2011. Since Greentube was already experienced in this market, they embraced that knowledge and rapidly created their place within the online gaming industry.

Popular games, appealing to players who are fond of well-developed products, are Book of Ra, Dolphin’s Pearl, Sizzling Hot, and Lucky Lady’s Charm. Since fascination with these games was so big, Novomatic ended up making their deluxe editions, contributing to popularity even more. These games and many others were also published for online casinos over the years.

Among their creations, the following games also enter: 4 Reel Kings, African Simba, Apollo: God of the Sun, Bank or Prank, Bettle Mania Deluxe, Big Catch, Captain Venture, Columbus Deluxe, Dragons Wild Fire, Fairy Queen, Flame Dancer, Fruits Gone Wild, Golden Ark, Golden Cobras, Haul of Hades, etc.

Slot machines are Novomatic specialty and they generally have gamble option incorporated in gameplay. On the other hand, most of their games, apart from few exceptions, don’t have progressive jackpots.

Even though Novomatic hasn’t yet released slots with edgier and a bit more modern approach in comparison to providers such as Rabcat or Betsoft, they do have a large group of fans which appreciates and remains loyal to their games. A great part of this dedication can be related to the opportunity for big wins, and despite the fact they don’t just roll in immediately, over the time, regular players have become accustomed to adjusting their betting.

To make their games more approachable, they are backed up with 27 languages. And even though a great part of their portfolio are slot games like the famous Book of Ra, they do provide tables games, lotteries, scratch cards and a few more.

Novomatic Reputation

In addition to making sure players have high-quality products at their disposal, the provider is set on enabling fair play and secure conditions. The games are regularly checked in order to fulfill safety and fair play requirements. Thanks to up to date encryption technology the software uses, players’ security is ensured, and Novomatic gets to preserve their reputation of a trustworthy software provider.

All in all, as one of the providers with continuity of making great games, good reputation and security measures which help the overall enjoyment of online gaming experience, Novomatic remains as one of the best and biggest manufacturers of land-based as well as online casino products.