The parent company of a Sault Ste. Marie lottery ticket printer is making a bid to take over a California gaming technology firm.
Winnipeg-based Pollard Banknote of Winnipeg has made a proposal to Innova Gaming Group of Los Angeles to acquire all of its issued and outstanding common shares.
To support this acquisition,Amaya Gaming has agreed to a deal to sell its 40 per cent stake in Innova to Pollard, which runs a lottery ticket printing facility in Sault Ste. Marie.
Amaya owns 8.18 million shares in Innova and Pollard has agreed to make an all-cash offer of at least $2.10 per share.
Pollard has until to May 8 to enter into an acquisition agreement.
Pollard is one of the world’s leading instant ticket printers, serving more than 50 lotteries worldwide with instant tickets, licensed games, marketing and management services for traditional instant games and the emerging iLottery space.
Innova designs, develops, produces, markets and service games, systems and tickets for the North American gaming industry in the business to government lottery sector.
