Casinos Austria Int. is Back in Black EMEA
Te internal restructuring of Casinos Austria’s international division has resulted in an operating profit of €19m, the first since 2009
Te ownership of parent ‘Casinos Austria’ might still be in doubt, but international subsidiary, CAI has turned itself around, posting its first profit in seven years
AUSTRIA CASINO OPERATIONS
Thomas Engstberger of AMATIC Industries and Dragos Buriu of NEWTON
- -ROMANIA – There is a mood of change in the air in the Romanian gaming business. The very latest gaming machines from industry manufacturers can be found in this country. The industry has gone up-market and the types of machines players can enjoy reflect this.
The mood in the air is more towards stylish slot machines – ones that players like to look at and feel comfortable playing upon. Naturally the games play the greatest role. AMATIC Industries answers both questions to the full – the need for stylish slots and proven games.
NETWON is the exclusive distributor for AMATIC Industries in Romania. The stylish, professional presentation of the NEWTON stand fits in perfectly with the AMATIC design. The Performer Grand Arc is the slant top from AMATIC Industries that has set the trend for curved slot machines. These slots stood out for their individuality. The new upright AMAROX C24 was shown for the first time in Romania.
MULTI GAME is the exciting choice of proven games from AMATIC Industries – offering both feature-rich and fruit-based games such as ‘Flying Dutchman’, ‘Arising Phoenix’, ‘Billy’s Game’ and ‘Bells on Fire’.
“AMATIC Industries is a well established slot machine provider here in Romania”, explained Mr. Dragos Buriu, CEO of NEWTON. “The exquisite slot design and the wide choice of games bring more individuality to the market. The interest and demand for AMATIC’s gaming solutions were very positive during the three days at the show”.
HOLLAND – Scan Coin has appointed Jim Anderson as Managing Director, responsible for leading the growth of the company’s regional business in the UK and Ireland. Through the sales and account
management teams, he will develop accounts with key clients, ensuring long term relationships and organic growth. In cooperation with the field engineering team, he will guarantee service excellence and a rewarding customer experience.
Jim Anderson has joined Scan Coin from G4S, a world’s leading global, integrated security company with products and services ranging from Cash Solutions to Manned Security, Alarm Monitoring and Response and Facilities Management. Since 2006, Mr. Anderson has held management positions at G4S as General Manager (UK) and later as Regional Operations Director (Africa).
P18 NEWSWIRE / INTERACTIVE /
247.COM
Despite news that Austria's competition commission has put a roadblock in front of Novomatic's acquisition of Casinos Austria with partner Saska, the internal restructuring of subsidiary, Casinos Austria International (CAI) has put resulted in an operating profit of €19m, the first since 2009.
In the first six months of 2016, CAI took a further considerable step in improving its results and was able to raise its earnings performance significantly. With revenues of €65.1m, the group posted a positive operating result of €18.9m, compared to €4.1m in the same period in 2015. Tis includes an extraordinary one-off effect in Hungary: after the successful renewal of the license for the very profitable casino in Sopron, a new partner was brought on board. Tis generated a revaluation income of €15.2m, which is offset in the financial results by a deconsolidation loss of €10.9m.
After a long period of intense restructuring and change, CAI succeeded in the first six months of 2016 in bringing its consolidated operating results back into the black for the first time
Playtech Sports strengthens senior management team
UK
Playtech Sports has significantly strengthened its management team with a trio of senior appointments ahead of a number of large-scale Playtech ONE projects and recent acquisitions including leading sports software provider Best Gaming Technology (BGT).
Richard Andrew has joined Playtech Sports as Chief Operating Officer (COO) from Te Hong Kong Jockey Club; Danny Angus has joined as Chief Technical Officer (CTO) from OpenBet; Eoin Redmond will join Playtech Sports from Paddy Power Betfair on October 1 as Sportsbook Product Director; while Peter Greberg has been appointed as Technical Director and leader of Malmo operations.
since 2009. A profit of €2.77m equates to an improvement of 584.3 per cent compared to the same period in 2015 (- 573,000 euros). “Te satisfying fact that our consolidated results are now also clearly in the black is the result of our successful restructuring,” said Casinos Austria Director General Karl Stoss, who played a leading role in driving the restructuring program. “I would like to thank the whole team at CAI for their outstanding commitment.”
Te slight drop in revenues from 67.5 to 65.1 million euros can also be attributed to Casino Sopron. Adjusted for this one-time transaction, revenues were maintained at the 2015 level. Te main drivers of the continued improvement were the operations in Switzerland (+ 0.6 million euros) and Canada (+ 0.5 million euros) as well as the VLT operations in Macedonia, which contributed first returns of 0.3 million euros. Te casinos in Australia, Germany and Hungary also continued to develop very positively. All CAI operations have now been posting positive operating results since the beginning of 2014, and positive consolidated results are once again expected for 2016.
Ian Chuter, who joined Playtech in October last year as a strategic advisor, will leave the business on October 31st to join the newly merged Ladbrokes-Coral business as COO – Digital.
Mor Weizer, CEO, Playtech, said: “Ian has done a first-class job during his time with us and delivered exactly what we asked; a stronger, consolidated sports business that is capable of delivering the best Omni- channel technology offering with the industry’s best talent on board to deliver and implement this across large- scale projects.
“Te three appointments we have made align with our strategic vision for Playtech Sports and our Playtech ONE technology of creating a simple and intuitive experience for customers as well as creating an opportunity to extend beyond online and mobile and into further retail opportunities.” stated Mr. Weizer.
Russia
‘Phenomenal month-on-month growth’ from the Asian VIP gaming sector has seen Tigre De Cristal in Russia’s Primorsky Krai region, post a net profit of US$219,100 for its first six months. Te company who owns 60 per cent of the casino, Summit Ascent Holdings, revealed that this time last year it made a loss of $5.6m. Te casino has been operating an average of 23 mass gaming tables, up to 14 VIP tables and 319 slots. Rolling chip turnover increased from $33.2m in Tigre’s first month of operation in November to $257.8m in July increasing to $283.6m for August. Summit stated: “Our strategy has been to start our rolling chip business using only casual junkets initially without fixed- room operators. Tis strategy is deemed necessary in order to preserve the bargaining power of the casino vis-a-vis fixed- room operators. Tus far, our strategy has been proven to be correct.”
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