Austria's Novomatic is finally moving towards its goal of taking control of the country's leading casino and lottery operator Casinos Austria, after a deal to acquire a 17.2 per cent stake in the business was ratified by the company's shareholders.

Novomatic's bid to take over the stake previously owned by MTB Privatstiftung was approved by Casinos Austria shareholders at the operator's Annual General Meeting on Wednesday (December 14th). The deal had been provisionally agreed at an Extraordinary General Meeting in October, subject to satisfying various regulatory requirements and competition concerns.

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