Novomatic Hit $5.7 Billion in Revenue Last Year

World-famous gaming equipment manufacturer and operator of gaming technologies, Novomatic, hit a staggering record in a yearly revenue of $5.7 billion during 2018.

The CEO of this International gambling company with Austria-based headquarters and offices in over 43 countries across the globe…

…said that the company expects even more growth in the months to come.

“Following the strong growth of recent years, we will continue to focus on consolidation and increasing synergies between the companies in 2019,” Harald Neumann, CEO of Novomatic, said in the press release.

Big Name in the Industry

The company will soon release the official annual report, but it is stated to the press that Novomatic saw a 2% increase in revenue comparing to the numbers in 2017.

Novomatic has three holding companies: Novomatic AG, Gryphone Invest AG, and ACE Casino Holdings AG. All three together…

…hold stakes at around 300 different companies and the financial analysis for 2018 so far includes around 220 of them.

“Novomatic offers one of the most comprehensive product portfolios in the industry, enabling us to cover every segment of the industry. As a producer and operator of gaming technology, we have the opportunity to test and optimize new products in our own gaming establishments and in various markets,” Neumann commented.

New Deals

Just recently, Novomatic became an official software aggregator for Corona Resort and Casino on Phu Quoc in Vietnam. The deal about supplying the casino with gaming terminals and technology was officially announced back in January but has been fully implemented in February.

“We are delighted to provide a range of leading NOVOMATIC and Ainsworth gaming machines, as well as the casino system and media solutions, to the new Corona Casino. The Southeast Asia region is a strong area of growth for NOVOMATIC, and we are extremely excited to play a major role in the development of Vietnam,” Lawrence Levy, vice president of Novomatic global sales stated.

Novomatic in Court

The company ended up in court because a gambling addict sued it for not being able to resist playing their slot machines for a long time. So, the Austrian court ordered Novomatic to pay $2.83 million…

…as compensation to the man who lost over €2 million playing the slots during the period of 10 years, between 2002 and 2012.

More about the Company

Developer of some of the most epic slots like Book of Ra and Lucky Lady’s Charm, Novomatic operates approximately 270,000 gaming devices and lottery terminals in more than 2100 venues…

…including casinos and gaming parlors.

The company is very into expanding their horizons and are in constant research and development. Now, Novomatic has 28 technology centers in 16 countries in the world and in the last three years, this software giant has invested €300 million in research and development.

Source:

“Novomatic pulled down $5.7 billion last year”, Erik Gibbs, calvinayre.com, February 8, 2019.