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Record revenue for Novomatic but higher costs weigh on profit

10th April 2017 8:37 am GMT

Austrian gaming supplier and operator Novomatic enjoyed a strong performance in 2016 as revenue reached a record high of €2.3bn.

The record annual revenue represents a 10 per cent increase versus 2015, driven by the company’s gaming machines business, which grew by €126.7m to €1,028.9m for the year.

Novomatic attributed the growth to its successful acquisition of Talarius in the UK while also noting the performance of its operations in Italy and Germany.

Revenue in the Gaming Technology segment [...]

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