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.
Dec 01, 2020Macau junket firm Tak Chun Group said in a Monday announcement it had introduced a scheme to offer its staff what it termed “ex gratia payments” – i.e., payments made out of goodwill...
Macau casino gross gaming revenue in November