Software Giant Announces Record-Breaking Turnover for 2014

Published on Wednesday 3rd September 2014, 12:53 pm
Posted in: Casino Business

Casino Business

The company behind some of BetVictor, Sky Vegas and Vulcan Casino’s most successful casino games has announced record revenue growth of 15%. Austrian/Swiss software developers Novomatic also revealed that they have been able to create over 1,700 new jobs as a result of this growth, which covers the first half of 2014.

Novomatic is a well respected player on the gaming software scene, having lead the way in online casino play since its formation in 1980. As one of the first online gaming developers in Europe, the company is responsible for popular titles such as The Book of Ra, Lucky Lady's Charm and Lord of the Ocean. Now with over 17,000 employees across the world and a 2012 turnover of €3.2 billion, they continue to innovate and push the boundaries of interactive gaming. New releases such as Pharaoh’s Tomb and Kingdom of Ra offer some of the slickest graphics and animations available anywhere on the web.

The company almost topped a billion in revenue for the first half of 2014, with a profit of €289 million in just six months. Franz Wohlfahrt, CEO at Novomatic said, “the first half-year results for 2014 demonstrate that our dual business strategy has once again proved to be the right way to a successful future. We achieved an increase in gaming operation revenues of 17 per cent. A significant growth in turnover was also achieved in the sales, e-business and betting segments.”

Mr Wohlfahrt is due to step down as CEO at the end of this month, having held the position since 2004. He will hand it over to Harald Newmann, who is currently responsible for investment and international expansion, but will be leaving the company in very good shape indeed.

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