The Novomatic Group announced in a recent report that it has increased its revenues of the fiscal year by 15% compared to last year. The group proved that following its dual-business strategy was the right path to success, increasing its staff by more than seventeen hundred members for that same period.
Reaching close to €1 billion in revenue for the first half of 2014, Novomatic reports impressive numbers on the board, close to €300 million in pure profits for the last six months. The current CEO Franz Wohlfahrt, who is about to step down in a month, added that the group is on the right track towards a solid future, based on the promising numbers for the past few years.
The company was established 34 years ago, back in 1980, and currently, employs over 17,000 people around the world. The company’s commitment to innovation and quality, and its wide range of online gaming products and services are said to be the core of its stable growth.
As the company was created since the dawn of the Internet and the online gaming, it has been a major contributor to the establishment of Europe’s online gaming community, and has a dedicated fan base. Many of the most renowned titles of all time were produced by Novomatic and are featured in many of the best online casinos. Games such as Lucky Lady’s Charm, Book of Ra and the Lord of the Ocean have been fan’s favorites for a long time, and have kept their presence with their new releases offering some of the best animations, graphics and bonuses.
Novomatic Group has recently been granted three new online gaming licenses, two for the Australian Novomatic Group and one for the joint venture of Swiss Stadtcasino Baden and the German Gauselmann Group. The group is planning on building two state-of-the-art flagship casino operations, the Vienna Prater and a casino and hotel complex in Lower Austria.
The company operates over 30 international full-fledged casinos like Germany’s largest casino Spielbank Berlin.
Novomatic is already licensed in four US states – Michigan, Florida, California and Oklahoma. The ongoing licensing negotiations in Illinois emphasize the company’s interest in expanding into the Chicago area, where it has opened an office recently. Novomatic is spending considerable amounts of financial, human and technical resources to establish itself as a reliable partner in the US online gambing market.
Other markets where Novomatic operates are Eastern Europe, represented by Vulcan Casino, a Russian-based online casino available in the Czech Reputlic, Belarus, Latvia and even Italy and Germany. Another partner of Novomatic is the major online casino Sky Vegas Casino – a premium online casino of Sky Group.
