Insight
AUSTRIA Novomatic
that at the end of the day, there will be some initial pain, but we will ultimately emerge the winner out of regulation as many of the small to medium-sized businesses will have to drop out of the market.
In the last three years NOVOMATIC has not only invested over €1bn in acquisitions, but also a lot in the German market. Te reason for this is that to meet the November regulatory deadline, we have had to change about 100,000 machines in the street gaming sector in the country based on the new regulatory rules. Germany is and remains a challenge. In mid-November we will gather the first feedback from our customers relating to the acceptance of our new games, since we have had to change the game mathematics. During this initial period, and while last generation machines remain in the arcades, gathering reliable feedback concerning the new games will be difficult. However, by 2019 we will have a better understanding of the performance of the arcades before we face the next challenge. In 2021, the existing German regulation expires and will need to be renegotiated – which will be a challenge. Tat said, there is the opportunity to work together within the new regulatory environment to establish a new online framework that will benefit the business.
How important is the recent announcement that NOVOMATIC has opened its Novo Zone with SBM in Monaco? How do you see this relationship evolving?
It is a great opportunity for us. Tis is one of the most famous and most visited casinos in Europe and having a showroom in Monaco is a huge opportunity for NOVOMATIC. I congratulate
P34 NEWSWIRE / INTERACTIVE / MARKET DATA
In the last three years we have concentrated upon acquiring significant licenses for casino
operations based on the regulatory environment in Europe becoming more interesting for NOVOMATIC. Machines are such a large part of the casino offer, which includes AWPs within that mix, and so the casino business is adding real value to the machines sector.
Lawrence Levy our VP of Global Sales on this strong collaboration with operator Monte-Carlo Société des Bains de Mer. We can use the Novo Zone at Sun Casino to showcase our latest products and technologies in order to understand player behaviour directly from the gaming floor in Monaco. For example, the first installation of our Enchanted Fortunes Linked Jackpot was made at the showroom and has allowed us to gather some very positive initial feedback.
The casino license in Granada is the latest new casino announcement from NOVOMATIC – are we going to see further high profile operations added to the NOVOMATIC casino estate in the near future?
In the last three years we have concentrated upon acquiring significant licenses for casino
operations based on the regulatory environment in Europe becoming more interesting for NOVOMATIC. Machines are such a large part of the casino offer, which includes AWPs within that mix, and so the casino business is adding real value to the machines sector.
Is the recent news from Casinos Austria relating to management changes and tensions with Sazka reason to believe there is an unsettled period ahead for the operator?
As far as we know there will be no change in the shareholder structure of Casinos Austria. Neither Sazka nor NOVOMATIC plans to sell shares to change the current balance. Alexander Labak announced that he will not be available for another period as CEO, which means that he will step down from his position at the end of 2019. At this time, the advisory board, which consists of four members of which I am one, is set to deliberate over the management structure of Casino Austria. If the outcome of this meeting is that a new structure is desirable, we would ask a headhunter to find a new CEO by the first or second quarter of 2019.
NOVOMATIC Gaming Industries has merged into parent company NOVOMATIC AG. Could you explain to our readers the reasons behind this change and what it means for the company?
NOVOMATIC Gaming Industries GmbH was merged into its sole parent company, NOVOMATIC AG in order to bundle the core competencies of both companies in a single company, thereby significantly simplifying the Group structure and further strengthening the “NOVOMATIC” brand.
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