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February 11, 2016 5:09 AM ET

Hotels, Restaurants and Leisure

Company Overview of Novomatic AG

Company Overview

Novomatic AG, through its subsidiaries, develops, produces, and sells gaming products, lottery technology solutions, and networked system solutions for gaming and betting markets worldwide. It operates in two segments, Gaming Technology and Gaming Operations. The Gaming Technology segment engages in the production, sale, and rental of gaming and entertainment machines; and operation of an online B2B business. The Gaming Operations segment operates casinos and electronic gaming machine casinos, as well as the online B2C business; and provides sports, dog racing, and horse racing betting services. The company also develops gaming solutions for the Internet, mobile devices, and iTV; gaming, pay...

Wiener Strasse 158

Gumpoldskirchen,  2352

Austria

Founded in 1980

23,000 Employees

Phone:

43 2252 606 0

Key Executives for Novomatic AG

Chairman of the Executive Board and Chief Executive Officer
Founder
Age: 69
Chief Financial Officer and Member of Executive Board
Deputy Chairman of The Executive Board and Chief Technology Officer
Compensation as of Fiscal Year 2015.

Novomatic AG Key Developments

Novomatic Seeks Acquisitions

Novomatic AG is seeking acquisitions. Novomatic plans to continue acquisitions this year, above all in Europe which it sees as its core market and where it wants to become the leader on "all relevant markets,” according to Chief Executive Officer Harald Neumann. Acquisitions could take place especially in the UK and Spain.

Novomatic Sign 6-Year Contract with Loteria De Catalunya

Novomatic signed a 6-year contract with Loteria de Catalunya in Spain. The contract will come into effect on April 1, 2016, and can be extended for two years. Novomatic will deliver 2.3k online lottery terminals with a central server system under the agreement.

Novomatic Reports Earnings Results for the First Half of 2014

Novomatic reported earnings results for the first half of 2014. For the period, the company’s profit increased to EUR 104 million (USD 137 million) from EUR 66.8 million. Sales of the gambling machine producer increased by 15% to EUR 941 million. EBITDA increased by almost 9% to EUR 289.1 million and EBIT increased by almost a fifth to EUR 165.1 million.

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