Another big year for Novomatic

07/02/2018

In its first day press conference the Novomatic Group, through its CEO Harald Neumann, reported another record year.

“We had revenues of €2.56bn, up from €2.3bn last year – an increase of around 10 per cent. The most important event of the year, however, was the completion of the acquisition of 53 per cent of Ainsworth Game Technology. Both companies will continue as they are in the near future but in the future we will develop a single technical platform.”

He added that the second major issue was Germany and its new regulations. “The new rules for arcades are less restrictive than we expected and so our German business
is more stable than we thought it would be. However, we will have to replace our machines at a cost of about €200m.”

Neumann added that the group had continued to make acquisitions during 2017 but that 2018 will be a year of consolidation. “The group now has over 300 companies, with about 80 of these being acquired over the past two years. We will use this year to consolidate and then return to the expansion trail later.”

Ainsworth CEO Danny Gladstone said that the acquisition had been a “huge effort.” He added: “AGT had 236 licences which Novomatic had to be judged on. It was a long process. There was a lot of wortk to do on the technological side but also on the bringing together of two industry legends – Johann Graf and Len Ainsworth. As far as Ainsworth is concerned, being part of such a large unit complements everything that we do and is good for the industry in general.”

The picture shows, from left to right, Zane Mersich, head of Novomatic UK, Harald Neumann, Danny Gladstone and Thomas Graf, head of Novomatic Interactive.

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