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Novomatic Group posted record revenue in FY16

Gaming supplier Novomatic Group says it achieved record-breaking full-year revenue in the fiscal year 2016, amounting to EUR4 billion (US$4.3 billion).

According to a press release from the company, the revenue growth observed in the fiscal year 2016 “was mainly achieved in the core markets of Great Britain, Germany, Spain and Italy.”

Looking ahead to 2017, the group said it will be focusing on expanding its position in South America, the US, Australia and Asia.

“The acquisition of a majority stake in the Australian company Ainsworth Game Technology offers an important lever for the development of these markets. NOVOMATIC and Ainsworth have been working together to complete this merger since receiving approval of the minority shareholders in June 2016,” said the company in a press release.

NOVOMATIC CEO Harald Neumann also is looking forward to the future collaboration: “In this short time, we have already made significant progress and begun the strategic planning process for our joint future after NOVOMATIC becomes Ainsworth’s majority shareholder.”

Last week, the group displayed its comprehensive product portfolio at the ICE Totally Gaming show in London.

“With this trade show appearance, NOVOMATIC once again proves that as a full-service provider we are among the world’s leading gaming technology groups,” said Mr. Neumann.

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