Novomatic AG has detailed a consolidation strategy designed to “optimise internal processes and structures across international borders”. The Austrian supplier of gaming equipment has released a statement from Novomatic chief executive Harald Neumann in which he says it is “ultimately [time] to make decisions about the future positioning of the company in the various markets and divisions”.
He added: “We began this process of consolidation a few months ago, which also includes moderate acquisitions and the evaluation of various companies with regard to their optimisation potential.”
The company has expanded rapidly in recent years, including taking a 52-percent stake in Australian slot machine maker Ainsworth Game Technology Ltd.
It was announced last month that Novomatic subsidiary Novomatic Gaming Industries GmbH, which had acted as a holding company for a number of brands including United Kingdom-based slot machine maker Astra Games Ltd, had been merged into the parent.
The latest Novomatic statement coincided with the release of confirmation by Standard & Poor’s of the company’s credit rating at BBB-/A-3, with a stable outlook.
“The good rating confirms our fundamental strategy: we think over longer periods of time and focus on the international consolidation of the group of companies,” the Novomatic statement quoted Mr Neumann (pictured in a file photo) as saying.
The statement went on to explain Novomatic’s impact on the economy of Austria, which the company says is worth about EUR2.5 billion (US$2.84 billion) annually.
Novomatic said it employed more than 25,500 people around the world, had a presence in over 50 countries and exported to more than 75 markets. The company said it operated about 260,000 gaming terminals and video lottery terminals in its 2,100-plus gaming operations.
Novomatic reported record annual revenue of about EUR2.53 billion for the 2017 financial year, up 11.1 percent in year-on-year terms, compared to EUR2.27 billion the company achieved in 2016. In the April announcement, Mr Neumann said the company’s focus would be on efficiencies.
Sep 29, 2021A so-called domestic-tourism bubble that would have permitted Malaysian casino complex Resorts World Genting (RWG) to reopen on Friday (October 1), has been suspended indefinitely, reported The...
"The initial expectation for the October Golden Week was that the Cotai casino resorts might see an average occupancy rate at 80 percent to 90 percent. But that rate now might stand at just 50 percent to 60 percent... following Macau’s news of the new Covid-19 infection cases”
Andy Wu Keng Kuong
President of the Macau Travel Industry Council