La Fleur's Lottery World
    Twitter LinkedIn RSS
    Sunday, May 22
    LOG IN: Purchases & Subscriptions
    La Fleur's Lottery World
    0 Shopping Cart
    • Home
    • Conferences
    • Magazine
    • Store
    • My Purchases
    • White Pages
    • Cart
    La Fleur's Lottery World
    0 Shopping Cart
    You are at:Home»Magazine»Industry News»Next Generation Lotteries Acquires NOVOMATIC Lottery Solutions
    Industry News

    Next Generation Lotteries Acquires NOVOMATIC Lottery Solutions

    February 18, 20202 Mins Read
    Facebook Twitter LinkedIn Email

    On October 31 2019, officials from Next Generation Lotteries (NGL) announced the acquisition of NOVOMATIC Lottery Solutions (NLS) from NOVOMATIC AG. NLS started as Iceland-based Betware—the first ever company providing internet-solutions for lotteries (in 1996).

    The new combined company promises to leverage existing systems and product components to deliver cost-efficient, modern solutions to lotteries.

    “It is not our ambition to be a billion-dollar company but rather to bring power back to the lottery operators,” declared Hans Vigmostad, CEO of NGL. Vigmostad is a 25-year veteran of the lottery industry with a pedigree dating back to the EssNet-days where he was the CEO for six years before EssNet was sold to SGI in 2006. Vigmostad is not the only lottery industry veteran involved in NGL. Risto Nieminen, whom many remember as a very successful CEO of Veikkaus and WLA President, is NGL’s Chairman.

    Vigmostad added that what NGL has acquired is “more than a company, it is also the intellectual property developed with great ingenuity by passionate professionals over more than 20 years. “I am convinced that this acquisition, with the new vigor we intend to bring to the company, will accelerate our growth, revitalize the development of NLS’ product portfolio, grow existing business and allow us to win new business.”

    “We are pleased that NLS will remain in good hands after many years of development work and significant investments. There is a perfect strategic fit between both companies and the experienced team of Next Generation Lotteries has a convincing concept for further development of NLS,” said Ryszard Presch, COO of NOVOMATIC.

    NGL is now the sole shareholder and owner of the NLS Group, including all intellectual property, all subsidiaries, and all existing NLS contracts. NGL will maintain its headquarters in Austria along with offices in Norway, Germany, Iceland, Serbia, Spain and Tunisia.

    “While the company’s first priority is to support NLS’ customers and provide them with best-of breed products and solutions, NGL will also revitalize its business development efforts,” said Vigmostad. “We are now ready and eager to grow our existing business, enter into new partnerships and win new business.”

    Share. Facebook Twitter LinkedIn Email
    Previous ArticleScientific Games: MONOPOLY™ Instant Celebrates the Iconic Brand’s 85th Anniversary
    Next Article Lottery Launch Tops Expectations In Mississippi

    Related Posts

    Florida Lottery Taps Social Media Celebrity to Help Players Live Long

    April 11, 2022

    Lotteries and Atlas Experiences Are “Doin’ This” with Luke Combs

    April 11, 2022

    NeoPollard Interactive — Empowering Lotteries to Protect Players

    April 11, 2022

    Comments are closed.

    Subscribe

    La Fleur's will respectfully update you twice a month on lottery industry news, data reports, and conferences.

    Quote of Week: Isabelle Jean, Loto-Quebec

    Arkansas Scholarship Lottery Launches New “Play, Scratch, Win” Instants Brand Campaign

    Scientific Games Chief Administrative & Compliance Officer Stephen Richardson Appointed to National Technology Security Coalition’s Board of Directors

    About
    About

    Your source for lottery industry news, data, and conferences.

    We're social, connect with us:

    Twitter RSS LinkedIn
    Contact Information

    343 Community Center Ave

    Gaithersburg, MD 20878

    301-610-6070

    byron@lafleurs.com

    Popular Posts

    Quote of Week: Isabelle Jean, Loto-Quebec

    May 20, 2022

    Arkansas Scholarship Lottery Launches New “Play, Scratch, Win” Instants Brand Campaign

    May 18, 2022

    Scientific Games Chief Administrative & Compliance Officer Stephen Richardson Appointed to National Technology Security Coalition’s Board of Directors

    May 18, 2022
    Copyright © 2022 TLF Publications.
    • About Us
    • Returns Policy
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.