Apr 29, 2019 Newsdesk Industry Talk, Latest News, Top of the deck  
Austrian gaming technology supplier Novomatic AG says its sales grew by 10.5 percent to more than EUR2.61 billion (US$2.91 billion) in 2018, growing at nearly three times the rate of gaming revenue worldwide, according to the firm.
In a written statement issued last Thursday, Novomatic AG said its annual earnings before interest, taxation, depreciation and amortisation (EBITDA) eased slightly to EUR555.6 million in 2018 from EUR561.9 million the year before. The group’s operating cash flow rose to EUR483.3 million from EUR422.3 million.
Novomatic AG said its revenue in all its core markets increased, but “growth was driven by European core markets, with results in Germany and Italy being influenced by regulatory measures”, said Novomatic chief executive Harald Neumann.
The company said 63 percent of its sales revenue was from its gaming operations business, which runs gaming machines around the globe, and the rest was from its gaming technology business.
Novomatic AG is part of the Novomatic group. The group comprises three holding companies: Novomatic AG, ACE Casino Holding AG and Gryphon Invest AG, which together have stakes in 300 companies.
Novomatic AG’s gaming technology business has seen recent deals to supply 200 slot machines and 125 electronic table game terminals – about 35 percent of the slots on the floor – at the Corona Resort and Casino in Vietnam.
At the international level, Mr Neumann said there was strong potential in the consolidation begun in 2018 with a view to creating maximum synergy between the various holdings of the company.
“After rapid growth over the last few years, in particular through the acquisition of other companies, we will continue to optimise internal processes and structures at an international level,” Mr Neumann was quoted as saying in prepared comments with the results announcement.
Novomatic AG 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.
In the 2018 fiscal year, Novomatic bought smaller operators of gaming facilities in Germany, the Netherlands, Spain and Eastern Europe, predominantly gaming halls, bars and betting businesses.
The Novomatic announcement said the group operates in more than 50 countries and exports to more than 70. The group employed 23,495 people last year, up from 23,004 staff in 2017.
May 29, 2023
May 19, 2023
Jun 09, 2023
Jun 09, 2023
Jun 09, 2023
None of Macau’s six gaming concessionaires have so far applied for a form of “exemption” from the full 40-percent tax rate on casino gross gaming revenue (GGR), as potentially applicable...Jun 09, 2023
Commercial opportunities for utilisation of...Jun 08, 2023
Gaming content and equipment maker Konami says it is...Jun 07, 2023
Casino gaming content and hardware provider Light &...Jun 06, 2023
Electronic table games (ETGs) supplier Interblock dd is...Jun 05, 2023
Random number generator (RNG) testing tools are among the...Jun 01, 2023
Alfastreet, a manufacturer of electronic gaming machines,...Jun 01, 2023
Casino equipment maker Sega Sammy Creation Inc is tweaking...Jun 01, 2023
The iGaming segment in Asia “has grown rapidly” since...May 31, 2023
Showing slot machine players – via animations on the...May 31, 2023
Macau stocks in likelihood “have been punished too much...May 31, 2023
There are foreign companies still interested in investing...May 31, 2023
Thailand could pass the necessary enabling legislation for...May 30, 2023
China will remain a key market for Asian gaming...May 30, 2023
Alejandro Tengco (pictured in a file photo), chairman and...May 30, 2023
There are “plenty of reasons” for the global gaming...May 30, 2023
Gaming equipment provider International Game Technology Plc...May 30, 2023
The Global Gaming Expo (G2E) Asia 2023 Special Edition:...May 29, 2023
Austria-based gaming equipment maker and operator Novomatic...May 25, 2023
Sports betting and online casino operating platform...May 24, 2023
The business performance in Asia of gaming content and...May 18, 2023
The organisers of Global Gaming Expo (G2E) Asia 2023...May 17, 2023
Gaming content and equipment supplier Light & Wonder...May 16, 2023
Casino equipment maker Sega Sammy Creation Inc is to...May 09, 2023
Casino slot machine and digital gaming content provider...May 05, 2023
The Global Gaming Expo (G2E) Asia event in Singapore is the...May 04, 2023
An adviser to a Thailand parliamentary committee mulling...(Click here for more)
”We believe the intrinsic value of IGT’s market-leading businesses and diversified cash flow profile is not currently reflected in our stock price and the timing is right to assess opportunities that may enhance value for IGT’s shareholders”
Marco Sala
Executive chair of casino equipment supplier IGT