Austrian-based Novomatic is another company that owes a debt of gratitude to the online gambling industry as revenues increased for the multi-platform gaming industry firm. Revenues for the entire group increased 17% to €655m and a solid cash flow from operating activities of €134m. The release stated that, “rises in the proceeds from proprietary gaming operations, from the other activities segment (on- line gaming) and from rentals” contributed to the increased revenues. If you hear yodeling at the next iGaming social then you’ll know who it is.
Amaya Gaming Group saw revenues increase from $2.4m to $4.9m for the first half of 2011 as they released their first results since acquiring Chartwell Games earlier this year. The revenue increase was offset slightly by a net loss of $2.9m thanks to the aggressive acquisitions that they’ve been making. The successful launch of an SMS lottery product in Kenya contributed towards the revenue growth. Mr. David Baazov, President and Chief Executive Officer of Amaya Gaming Group, added, “Looking forward, we are in the process of implementing several of the additional contract wins that we have announced in recent months, and we expect these initiatives to lead to further growth in our recurring revenue base in the coming periods. The addition of the Chartwell Technology business will also help us accelerate our growth beginning in our fiscal 2011 third quarter.”