Tipico Group to acquire ADMIRAL from NOVOMATIC.

Tipico Group, a sports betting provider in the German-speaking region, agreed to acquire ADMIRAL, a provider of a range of betting and gaming products, from NOVOMATIC, an international gambling company. Financial terms were not disclosed. “We have decided to sell the ADMIRAL Group in Austria in order to focus on international growth markets and drive further global expansion. In Tipico, we found a highly professional and reliable partner who will continue to operate ADMIRAL in Austria successfully and sustainably,” Stefan Krenn, NOVOMATIC Member of the Executive Board.