GGRAsia – Novomatic increases footprint at S.Korea’s Kangwon Land

Novomatic increases footprint at S.Korea’s Kangwon Land

Sep 27, 2019 Newsdesk Latest News, Rest of Asia, Top of the deck

Austrian gaming technology supplier Novomatic AG says it is expanding its footprint at South Korean casino Kangwon Land. The gaming equipment supplier – via its local distribution partner, Korea Gaming Solution – has recently installed 68 new video slots at the Kangwon Land casino resort, the firm said in a Friday press release.

Novomatic said the total count of Novmatic machines at the casino floor of that property now stood to 280 units, or more than 20 percent of the floor share, according to the statement.

The Kangwon Land resort, to the northeast of Seoul, is the only casino in the country where South Koreans are allowed to gamble. It is operated by Kangwon Land Inc.

“The latest installation… further augments the casino’s international approach in terms of gaming technology and games,” said Novomatic.

The latest addition of Novomatic product to Kangwon Land’s casino floor includes the Panthera 2.27 cabinet, the Dominator Curve 1.43, and the Gaminator Scorpion 2.24, according to the release. Each of the cabinets is said to provide a selection of games that “meet the preferences of the casino guests” at Kangwon Land.

The release quoted Sang-Rae Lee, Kangwon Land’s slot manager, as saying: “I am very pleased that our guests really enjoy playing Novomatic products. I look forward to seeing more new games coming out in the future.”

The chief executive of Korea Gaming Solution, Samuel Lee, was also quoted in the release as saying that Novomatic had experienced “a huge growth rate every year” in the South Korean market. “Not only in Kangwon Land Casino – in fact all our customers are satisfied with the Novomatic products. It is a great honour to be able to deliver these products to the Korean market,” he added.

The Austrian gaming supplier said earlier this month that its profit for the first half of 2019 fell by 68.8 percent year-on-year to EUR34.3 million (US$37.5 million). But the firm’s earnings before interest, taxation, depreciation and amortisation (EBITDA) declined by only 5.1 percent to EUR297.1 million in the first six months of 2019, after hitting a record high of EUR313.0 million a year earlier.