Novomatic pulled down $5.7 billion last year

Novomatic pulled down $5.7 billion last year

2018 was good to Novomatic. The Austria-based gaming equipment manufacturer and operator had a record year in revenue, according to its CEO, Harald Neumann, and more positive growth is coming down the pipe.

Novomatic pulled down $5.7 billion last yearNovomatic is still crunching numbers and will make its official report soon. However, it stated in a press release that consolidated revenue for the company reached $5.7 billion last year, an increase of 2% over 2017’s figures.

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

Novomatic has three holding companies – Novomatic AG, Gryphone Invest AG and ACE Casino Holding AG. Across the three, it now owns a piece of 300 different companies, and the financial analysis so far includes approximately 220 of them.

In total, Novomatic operated approximately 270,000 gaming devices and video lottery terminals across over 2,100 outlets that include casinos and gaming parlors. It also is involved in other segments in the gaming industry around the world, including casinos, lotteries, sports betting and online gaming.

Neumann further stated, “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 optimise new products in our own gaming establishments and in various markets.”

2018 wasn’t all positive for the company, though. It was ordered by an Austrian court to pay $2.83 million to an addict who wasn’t able to control himself enough to step away from the company’s slot machines.

The company has been busy expanding, while consolidating at the same time. It has consolidated in an effort to “optimize internal processes and structures across international borders,” but also grabbed 52% of Ainsworth Game Technology in January of last year.

More recently, the company became a premium supplier of gaming equipment for the Corona Casino in Vietnam. That deal was announced this past January and will see Novomatic supply a range of gaming terminals, as well as media technology and the casino’s management system.

During the International Casino Exhibition (ICE), which wrapped up in London yesterday, the company also revealed its new V.I.P. Eagle III 3.32 electronic gaming machine cabinet, which will be made available for the Asia market.