GGRAsia – Novomatic expects record 2017, to focus on efficiency

Novomatic expects record 2017, to focus on efficiency

Feb 12, 2018 Newsdesk Latest News, Top of the deck, World

Austrian-based gaming equipment maker and operator Novomatic Group expects to post record revenue for full-year 2017, said Harald Neumann, the firm’s chief executive.

The gaming equipment supplier said that according to preliminary data, accumulated total turnover for 2017 generated by its three holding companies totalled EUR4.8 billion (US$5.9 billion), up by 10 percent from the previous year.

The figures were revealed during a press conference at the International Casino Exhibition (ICE) 2018 in London, Novomatic said in a press release on Friday.

“Having grown a lot over the past few years, we will this year focus on increasing synergies between companies and, correspondingly, on more effective internal structures,” said Mr Neumann as quoted in the release. “Nevertheless, we will continue to watch the market and make purchases, where it makes sense.”

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, lottery, sports betting, online and mobile.

Novomatic Group includes three holding companies: Novomatic AG, ACE Casino Holding AG and Gryphon Invest AG. The group said it now owns stakes in a total 300 companies, about 230 of which were consolidated in its balance sheet.

The Novomatic Group completed the acquisition last month of a 52-percent stake in Australian slot machine maker Ainsworth Game Technology Ltd. Mr Neumann said in December that the acquisition of the stake in Ainsworth Game would be “strategically very important” for the European firm.