Record turnover: Gaming provider Novomatic strategy pays off

Wednesday, Aug 31, 2016 11:23

It’s been a great year for the Austrian gaming technology provider Novomatic AG Group. The company announced its annual turnover for the fiscal year 2015.

The reported revenue amounted to €2.09bn. This is a 6% increase, despite a 20% drop in annual profit to €220.7m.

The revenue increase, the provider noted, was largely the result of greater earnings through rental fees. The figure improved by an immense 8% to €594.7m.

According to Novomatic, this was the “highest turnover in its 35-year history.”

“This annual result is proof of the successful implementation of our strategy to cover all the segments of the international gaming industry as a full-service supplier, and to further extend our market share in key European gaming markets such as Spain, the United Kingdom and Italy,” said Harald Neumann, CEO, in a statement.

This should also be welcome news to the Inspired Gaming Group, who has recently entered an agreement with Novomatic.

Novomatic agreed to provide its customers with the full range of Inspired Gaming Group virtual titles, including the new Rush Football 2.

Furthermore, as reported, the Novomatic Group has agreed to purchase more than half of the Australian casino provider Ainsworth Game Technology Ltd, thereby expanding its market share even more.