Ainsworth Game Technology (ASX:AGI) completes MTD Gaming acquisition - Sequoia Direct Pty Ltd

09MarMarch 9, 2020

Ainsworth Game Technology (ASX:AGI) completes MTD Gaming acquisition

Ainsworth Game Technology (ASX:AGI) is pleased to announce that its wholly-owned United States subsidiary, Ainsworth Game Technology, Inc., has completed an asset acquisition of privately held company, MTD Gaming Inc.

The initial purchase price is $13 million, with an additional US$13 million of deferred consideration payable on the successful delivery of financial targets and contract renewals.

MTD is a proven developer and supplier of premium performing and unique Poker, Keno and video reel content for use in Multi-Game and Video Lottery Terminal (VLT) markets.

MTD products are currently installed within Montana, Louisiana and more recently South Dakota.

Ainsworth Game Technology (ASX:AGI) closed -3.45 per cent lower at $0.70 on Friday.

Copyright 2020 – Finance News Network

Source: Finance News Network

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