Novomatic Group: Profits Increased in 2019
As you know, the International Casino Exhibition took place recently. (ICE) 2020. At it, Novomatic Group representatives announced impressive results of the company's activities for 2019. Preliminary data obtained in the first half of last year were very modest. However, the company was able to make up for lost time by the end of 2019 and reported $5.6 billion in profit.
According to the company representative, the company was able to strengthen its position. Forty years on the gambling market have not been in vain. Despite the fact that the requirements for gambling products in many countries have become more stringent, the company was able to cope with the new requirements and showed an increase in revenue.
Let us remind you that today Novomatic employs more than 30 thousand peopleSubsidiaries are firms NOVO SWISS AG and Novo Invest GmbH. By the way, the owner of these enterprises is the famous professor Johann F. Graf. All over the world, Novomatic controls more than 200,000 machines installed in land-based casinos, and is also responsible for a fairly solid range of slots in online clubs.
According to the representative, the plans for the future include the development of the direction chosen a couple of years ago, related to more active promotion of gambling-type sports entertainment. That is, The company will develop bookmaking offices and sell products that help place bets on sports. At the same time, Novomatic’s management sees the United States as the main market for this area.
In addition to developing gaming software, the company pays much attention to promoting biotechnology, which will ultimately facilitate access to fast payments and payouts. We are talking about a biometric identifier, which allows quick access to any casino operator machine. At the same time, the user gets the opportunity to use a virtual loan to place bets.
Since September last year, Novomatic has had a new CFO, who took up this position after signing an agreement to sell a stake in Casinos Austria AG famous group SAZKAHis arrival should improve the company's financial performance this year as well.
