• About Us
  • The Team
  • Advertise with Us

The latest news on the gaming industry in Asia

() () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()
  • Home
  • Macau
  • Philippines
  • Singapore
  • Japan
  • Rest of Asia
  • World
  • Features
  • Industry Talk
  • Trends & Tech
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

Novomatic estimates 2018 revenue was US$5.7 bln

Feb 08, 2019 Newsdesk Latest News, Top of the deck, World  


Novomatic estimates 2018 revenue was US$5.7 bln

Austria-based gaming equipment maker and operator Novomatic Group expects to post record revenue for full-year 2018, said Harald Neumann, the firm’s chief executive.

The gaming equipment supplier said that according to preliminary data, consolidated revenue for 2018 generated by its three holding companies rose to EUR5.0 billion (US$5.7 billion), up by 2 percent from the previous year.

The figures were revealed during a press conference at the International Casino Exhibition (ICE) 2019 in London, Novomatic said in a press release this week.

Novomatic Group includes three holding companies: Novomatic AG, ACE Casino Holding AG and Gryphon Invest AG. The group said it now owns stakes in 300 companies, with the economic contribution from approximately 220 of them consolidated in its balance sheet.

“Following the strong growth of recent years, we will continue to focus on consolidation and increasing synergies between the companies in 2019,” said Mr Neumann in a statement in the release.

The Novomatic Group operates around 270,000 gaming devices and video lottery terminals in more than 2,100 outlets, including gaming parlours and casinos, according to the group. The company is active in several gaming segments around the world, including casino business, lotteries, sports betting, online gaming and mobile play.

The group said it would focus on expanding its “core segments” of gaming technology and operations, as well as boosting its sports betting segment, particularly to the United States market.

“Novomatic offers one of the most comprehensive product portfolios in the industry, enabling us to cover every segment of the industry,” said Mr Neumann as quoted in the release. “As a producer and operator of gaming technology, we have the opportunity to test and optimise new products in our own gaming establishments and in various markets,” he added.

The Austrian supplier of gaming technology introduced a new electronic gaming machine cabinet called the V.I.P. Eagle III 3.32 at this year’s edition of ICE. A Novomatic spokesman told GGRAsia the V.I.P. Eagle III 3.32 would be available in Asia.

Novomatic announced in November a consolidation strategy designed to “optimise internal processes and structures across international borders”. The company has expanded rapidly in recent years, including taking a 52-percent stake in Australian slot machine maker Ainsworth Game Technology Ltd.


  • tweet
Related articles
  • Novomatic to sell minority stake in Casinos Austria AG
    Novomatic to sell minority stake in...

    Dec 11, 2019  

  • Ainsworth eyes product transition, new game concepts: CEO
    Ainsworth eyes product transition, new...

    Nov 26, 2019  

More news
  • Osaka gets 7-strong committee to select casino IR partner
    Osaka gets 7-strong committee to select...

    Dec 13, 2019  

  • Kitakyushu interests investors as site for Kyushu IR: mayor
    Kitakyushu interests investors as site...

    Dec 13, 2019  


Latest News

Osaka gets 7-strong committee to select casino IR partner

Osaka gets 7-strong committee to select casino IR partner

Dec 13, 2019  

A seven-person committee has been set up by the prefecture and city of Osaka in order to select a private-sector partner for that Japanese metropolis’ tilt at getting a casino resort, a facility...
Read More
Kitakyushu interests investors as site for Kyushu IR: mayor

Kitakyushu interests investors as site for Kyushu IR: mayor

Dec 13, 2019  

Interviews

  • Incheon seeks to expand casino cluster to counter Japan
    Incheon seeks to expand casino cluster to counter Japan

    Dec 11, 2019  

    The Incheon Free Economic Zone (IFEZ) Authority in South...
  • Suncity Manila casino not a threat: Travellers EVP
    Suncity Manila casino not a threat: Travellers EVP

    Dec 09, 2019  

    Macau junket brand Suncity’s move toward being a casino...
  • Nagasaki fully backs Sasebo IR location: vice governor
    Nagasaki fully backs Sasebo IR location: vice governor

    Nov 06, 2019  

    A senior official of Japan’s Nagasaki prefecture has...
  • NagaCorp open to new development opportunities: chairman
    NagaCorp open to new development opportunities: chairman

    Jul 15, 2019  

    Hong Kong-listed casino operator and developer NagaCorp Ltd...
  • Casino logistics provider TKHS aims for global footprint
    Casino logistics provider TKHS aims for global footprint

    Jul 12, 2019  

    Asia-based casino logistics provider TKHS Group has plans...

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day


US$74.3 million

Total property GGR at Okada Manila in November



Most Popular

  • Osaka gets 7-strong committee to select casino IR partnerOsaka gets 7-strong committee to select casino IR partner December 13, 2019
  • Okada Manila slots GGR outstrips mass tables in NovemberOkada Manila slots GGR outstrips mass tables in November December 13, 2019
  • Wynn Resorts to have Yokohama focus for Japan: CEOWynn Resorts to have Yokohama focus for Japan: CEO December 12, 2019
  • New Hengqin crossing to Macau in use soon: mainlandNew Hengqin crossing to Macau in use soon: mainland December 12, 2019
  • Slower tourism growth might extend to 1H 2020: Macau govtSlower tourism growth might extend to 1H 2020: Macau govt December 13, 2019
Copyright 2014-2019 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us