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NOVOMATIC Group catches the lion share of attention at ICE Totally gaming with its grand appearance

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NOVOMATIC GROUP, one of the biggest international producers and operators of gaming technologies in Europe captured a lion share of attention once again with its biggest appearance at ICE Totally Gaming London, the world’s most important gaming fair. Here a total of 25 group companies presented the NOVOMATIC Group’s comprehensive product portfolio from February 6th-8th, across an expanse of approximately 4,700m². The offers at the NOVOMATIC exhibition stand ranged from high-tech casino equipment, systems and cash management solutions to arcade and pub products, sports betting, online, mobile and social gaming etc.

Harald Neumann, the CEO of NOVOMATIC AG said at a press conference at ICE London: “With this trade show appearance, which was again the largest, NOVOMATIC persists  to prove that as a full-service provider, we are among the world’s leading gaming technology groups.”

During the fair, Harald Neumann made an initial assessment of the 2017 fiscal year of the NOVOMATIC Group. The initial assessments revealed that the accumulated revenue of the NOVOMATIC Group witnessed a hike by around 10 percent to more than EUR 4.8 billion in 2017.Accordingly, Neumann expects to achieve a new revenue record.

NOVOMATIC is all determined to set its focus this year on leveraging the synergies between its approximately 300 companies, following the acquisition of a 52 percent stake of Ainsworth Game Technology. However, further acquisitions are not ruled out.

According to Neumann, initial calculations indicate that the NOVOMATIC Group will generate an accumulated revenue of EUR 4.8 billion in the 2017 fiscal year (2016: EUR 4.4 billion). The NOVOMATIC Group includes – in addition to NOVOMATIC AG – the Swiss companies ACE Casino Holding AG and Gryphon Invest AG.

NOVOMATIC AG itself will also be able to report a record revenue again this year, with figures increasing by a further 10 percent compared to 2016. The NOVOMATIC Group additionally achieved a new record in terms of headcount with around 29,500 employees.

The NOVOMATIC Group has seen strong growth in recent times, primarily through strategic acquisitions. The company now has 300 shareholdings, around 230 of which are consolidated in the balance sheet. Indeed, on January 5 this year, the finalisation of the majority holding in the Australian industry giant, Ainsworth Game Technology Limited marked a significant milestone in the history of NOVOMATIC AG. “Having grown a lot over the past few years, we will this year focus on increasing synergies between companies and, correspondingly, on more effective internal structures,” added Neumann. “Nevertheless, we will continue to watch the market and make purchases, where it makes sense,” He concluded.

About NOVOMATIC
The NOVOMATIC Group is one of the biggest international producers and operators of gaming technologies and employs around 29,500 staff worldwide. Founded by entrepreneur Professor, Johann F. Graf in 1980, the Group has locations in more than 50 countries and exports high-tech electronic gaming equipment and solutions to more than 75 countries. The Group operates around 270,000 gaming terminals and video lottery terminals (VLTs) in it’s some 2,100 plus gaming operations as well as via rental concepts.

Through its numerous international subsidiaries, the NOVOMATIC Group is fully active in all segments of the gaming industry and thus, offers a diversified Omni-channel product portfolio to its partners and clients around the world. This product range includes land-based gaming products and services, management systems and cash management, online/mobile and social gaming solutions as well as lottery and sports betting solutions together with a range of sophisticated ancillary products and services.


Source: European Gaming Media and Events

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Integration of EGT Global Jackpot with Winbet and Club King Marks Great Success

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Integration of EGT Global Jackpot with Winbet and Club King Marks Great SuccessReading Time: 1 minute

 

The EGT Global Jackpot’s integration with Winbet and Club King has achieved success through offering entertainment and winnings for both operators and players.

The operators’ success and players’ entertainment are always the core objectives of EGT sales, development and production teams. When innovation joins these approaches, EGT solutions are the reliable choices for winning businesses.

EGT supports the operators to make proposals to its customers they couldn’t refuse, with the integration of the EGT Global Jackpot into their gaming halls. Global Jackpot is developed to connect all slot machines and any type of roulette from all locations of operators across the country. Thus, the total bet generates the possibility of higher winnings compared to those offered by the local jackpots.

At Winbet, the Global Jackpot has been functional since March this year and has brought multiple winnings to the luckiest players. Recently, Club King has also integrated the Global Jackpot in favour of top entertainment and winnings for both operators and players.


Source: European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Integration of EGT Global Jackpot with Winbet and Club King Marks Great Success

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New York State Lottery Reports Record Revenues for the 2018 Fiscal Year

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New York State Lottery Reports Record Revenues for the 2018 Fiscal YearReading Time: 1 minute

 

The New York Lottery has recorded $8.2 billion in sales for the state fiscal year that ended in March 31, 2019. That includes sales from Powerball, Jackpot, Mega Millions, Scratch Off, Quick Draw and other games, plus revenues generated by the state’s licensed video lottery locations.

The video lottery net win for the 2018-2019 fiscal year was $2.08 billion, third largest in the world behind two Italian lottery operators. The combined sales and net win earnings for the last fiscal year are a new record for the New York Lottery. The New York Lottery generated $3.47 billion in aid designated to support the state’s schools.

The lottery revenues are distributed to school districts according to the same formula used for state aid. A larger, poorer district will receive a higher percentage than a smaller, more affluent one. Lottery contributions account for 13% of all state aid to education for 2018-2019.


Source: European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: New York State Lottery Reports Record Revenues for the 2018 Fiscal Year

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Spillemyndigheden Introduces Whistleblower Scheme

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Spillemyndigheden Introduces Whistleblower SchemeReading Time: 1 minute

 

Spillemyndigheden, the Danish industry regulator, has launched a new whistleblower scheme for the employees of gambling operators who wish to report evidence of money laundering.

Spillemyndigheden has detailed that employees can report a company’s violation or potential violation of the anti-money laundering legislation to the regulator via a dedicated, anonymous contact form which will then trigger a legal investigation. All submissions will be encrypted to ensure that submissions are secure.

In April, Spillemyndigheden has blocked access to 25 gambling websites after petitioning the country’s telecommunications providers. Danish internet providers have now been obliged to block access to ten igaming sites, in addition to 15 skin betting websites.


Source: European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Spillemyndigheden Introduces Whistleblower Scheme

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