Novomatic Italia has confirmed the acquisition of a substantial number of shares in HBG Gaming Group, significantly enhancing its presence in Italy in the process.

The agreement has enabled Novomatic to secure 80% shares in the Italian gaming group, which has interests in betting, online gaming machines, bingo and the ‘telematic network of entertainment’.

As the Italy-facing subsidiary of the Austrian Novomatic Group, Novomatic Italia projects that it will gain ‘greater solidity’ in the market, and contribute to ‘industrial depth’ in the wider national sector.

“Just to crown our 15th year of activity in Italy, the Group is growing significantly thanks to a great partnership with HBG Gaming of which I am proud and with which, I am sure, we will follow a path of success,” said Markus Buechele, Novomatic Italia CEO.