Novomatic – a casino equipment supplier, and one of the smaller online casino software developers – has announced that they have received record revenues for 2014. The Austrian company’s total revenue was reported to be worth roughly $4.4 billion.
Through its three holding companies, Novomatic’s profit is an increase of 8% on their total haul in 2013. The totals in Euros are €3.5 billion in 2013, and €3.8 billion last year. The announcement was made during London’s International Casino Exhibition.
Novomatic has attributed the growth to their expansion in European markets, where they are warmly received. These include the British, Spanish, and Italian and Dutch markets. Part of their good fortune also stems from the fact that Novomatic recently acquired several other companies in those regions, and elsewhere. For instance, in 2013, the company purchased Betware – an Icelandic gaming tech company.
With over 230,000 gaming terminals located in over 1,500 European gambling houses, as well as their successful business in renting out machines to licensees; Novomatic is thought to be set to further increase their revenue in 2015.