26 Sep
In News
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Novomatic picks up majority stake in Spanish bingo company OtiumGI

In an interesting new development, Novomatic Gaming Industries (NGI), a subsidiary of Novomatic, picked up a 60% stake in OtiumGI, a Spain-based video bingo company.

The two parties did not disclose the financials of the agreement but it is clear that a bingo slot offering will be made to the Mexican iGaming market via a local brand.

According to Novomatic, the new bingo machines are likely to have an immediate impact in Mexico. The company also intends to build better products for the market by banking on its global gaming experience.

Commenting on this development, NGI senior vice-president for Central and South America, Lawrence Levy, said:

“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.”

Santiago López de Lamadrid, chief technology officer at OtiumGI, further added:

 

“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.”

Simona

Kai started working in the Gaming Industry in 2001 when he managed a Horse Betting Shop in Germany. With the more and more upcoming needs for Sportbetting Solutions for the German speaking market he moved in 2003 in Malta where he built up TopSportWetten, one of the first Sportbetting operators working from Malta with a Remote Gaming License.

In 2005 he moved to a new venture and joined the newly formed Team of BetUnited, a Company that had the goal to target the German speaking online market with a full portfolio of Betting, Poker, Casino and Games of Skill.

In 2007 he left BetUnited and concentrated on helping new Companies coming to Malta to obtain a remote gaming license and establish operators on the island.

In 2011 he founded Simka Consulting to combine his knowledge in the operational part of the IGaming Business with the Marketing expertise of Simona.

Past Projects:

  • TopSportWetten - Managing Director and Key Official
  • Bet United - Managing Director and Key Official
  • MMBet - Managing Director and Key Official
  • Olympia Bet - Managing Director and Key Offical
  • Production Planning and Project Manager - Infratec Pro Ltd.

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