Novomatic acquires Casino Royal – Lawyer Monthly | Legal News Magazine

Novomatic acquires Casino Royal

Novomatic announced the acquisition of another major player in the German market, Casino Royal Group. The Austrian gaming operator Novomatic has expanded its German presence with this acquisition.

The German Federal Cartel Office recently approved Novomatic’s purchase of the Casino Royal Group, one of Germany’s largest gambling hall businesses. Casino Royal operates around 3,500 gambling machines at 130 locations, with a particularly strong presence in the state of North-Rhine Westphalia.

Novomatic already controls the Admiral Play Halls business in Germany, and the addition of Casino Royal, which generated revenue of €102m in 2016 and employs around 1,000 people, makes Novomatic the country’s leading operator of gambling halls. Novomatic is a publicly listed and award-winning technology company that was founded in 1980. They employ over 28,000 employees over 50 locations.

According to the company’s annual financial report, published in April 2017, Novomatic achieved the highest revenues in its 36-year history. Revenue in the past financial year 2016 reached EUR 2,294.1 million, corresponding to a year-on-year increase of 10 percent. Novomatic also pulled off its biggest deal yet by acquiring a majority stake in Australian gaming device supplier Ainsworth Game Technology (AGT) in 2016.

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