Austrian gaming giant NOVOMATIC has appointed Fabian Grous, currently managing director of its Latin American systems business Octavian de Argentina, to lead all business in the country.

As a result of his promotion to managing director for Argentina, Grous takes on responsibility for NOVOMATIC’s AGI Argentina subsidiary as well as Octavian.

The deal is expected to strengthen and enhance the corporation’s management capabilities in Latin America, NOVOMATIC said.

Grous is a gaming industry veteran with more than 22 years’ experience in various positions in the Latin American market.

Having begun his career as a casino manager, he joined Octavian in 2003. NOVOMATIC acquired a majority stake in the business, and Grous officially began working for the company in 2010 after it acquired additional assets to establish the Argentinean subsidiary.

In related news, NOVOMATIC also announced that its newly founded subsidiary in Panama, Novo Panamá, has been formally licensed by the country's regulator, Junta de Control de Juegos.

Novo Panamá is now an officially licensed provider of slot machines and systems to the Panamanian market. The company is headed up by managing director José Teng.

According to latest figures released by the JCJ, the Panamanian gaming market currently includes around 15,000 slot machines and 200 live gaming tables with further potential for growth.

Last year, they generated total gaming revenues of US$515.24m and gaming tax revenues amounting of $96.1m.

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