GGB is committed to providing updated news and analysis on our weekly news site, GGBNews.com.

Novomatic Logs Record Revenues

Novomatic Logs Record Revenues

Austrian gaming operator and supplier Novomatic AG saw revenues from its global operations rise to a record €2.3 billion, an all-time high for the 36-year-old company and a 10 percent jump from the previous year. The supplier also reported that its workforce has risen to more than 23,500 globally.

According to the company’s annual financial report, published on the ÖKB (Österreichische Kontrollbank) website, the Novomatic AG Group’s increase was achieved in the area of gaming machine revenues, which rose by €126.7 million to €1,028.9 million. Group EBITDA came to €588.5 million (2015: €616.7 million).

The number of employees in the Novomatic Group grew by 18.1 percent last year, to a total of 23,849. The growth dynamics of the Novomatic AG Group is also demonstrated by the fact that the number of fully consolidated companies in the financial year 2016 increased to 217 (2015: 188).

    Recent Feature Articles

  • The King of London

    British casinos took a giant leap forward when Simon Thomas and his father Jimmy took over the fabled Hippodrome theater in London and created a casino for the new world

  • Finally Florida

    With the U.S. Supreme Court denying an injunction, Florida was added to the list of states that have legalized sports betting with a monopoly for the Seminole tribe

  • Less Is More

    How to solve the staffing conundrum

  • Thunder Down Under

    Is the Australian gaming market primed for a resurgence?

  • Cashless Connections

    As several cashless payment solutions compete and, in many cases, partner, the path to cash-free gaming accelerates