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CASINOS AUSTRIA 2015 RESULTS
Tuesday, April 5, 2016 : SERIES OF ALL TIME HIGHS IN CASINOS AUSTRIA 2015 RESULTS.
Despite uncertain times in terms of ownership.
Casinos Austria AG and Austrian Lotteries Group, the part-state owned entity currently the target of a partial takeover by Novomatic and Czech investment firm SAZKA Group, posted a record Euro 100.5 million (2014: Euro 69 million) almost doubling operating profit despite a decline in revenue to Euro 3.599 billion (2014: Euro 3.6 billion). Net profit came in at Euro 55.3 million for the year (2014: Euro 41.7 million).
The results are largely attributed to a strong performance from its twelve Austrian-based casinos who increased turnover by Euro 50 million and operating profit to almost Euro 21 million (2014: Euro 9 million), a rigid cost structure, the reduction of around 300 employees, new products and revamped properties.
"This is our best result ever achieved. All of our operations are in the black," said Karl Stoss, general director of Casinos Austria AG.
Casinos Austria’s Euro 24 million refurb of its Austrian properties last year is paying off with a whopping Euro 56,000 spend per hour reported in its new VIP room in the Vienna Casino, Stoss revealed. Most of these “well-heeled guests” originate from the Asian and Arab world.
Online operations also proved lucrative as its Win2Day operation recorded 850,000 registered customers, with over a quarter of those now utilising its mobile platform. An all time high was achieved in terms of revenue which grew 10 percent to Euro 1.3 billion.
"We continue our success in 2016 with casino transactions already ten percent higher than last year,” Stoss concluded.
Gambling News :
Aussie Millions won by Norwegian Jon Kyte and New Zealandís Daniel Smith -
In this event, poker players teamed up in pairs to form 79 teams. The teams had to climb their way up to the throne by beating the other teams. A total prize pool of A$80,975 was shared amongst the teams. The Shot Clock Team became particularly popular because the players had to devise their own ingenious strategies so as to reach the top.
ACR $15 Million OSS Cub3d -
Americas CardRoom immensely popular OSS Cub3d returns February 25th and it's bigger than ever. U.S. Online Poker players will have a chance to compete for $15 Million in guaranteed prize pools.
AIGF and Betradar formalised their relationship -
At this yearís ICE Total Gaming, the All India Gaming Federation (AIGF) and Betradar formalised their relationship, committing to understand, explore opportunities and network across India around sports betting and gaming.
EHF and Sportradar Extend Partnership -
The EHF is responsible for a wide range of activities including the promotion and development of the sport, education programmes, player transfers and the organisation of high-profile sports competitions and events including the EHF EURO and the EHF Champions League.
Swisslos and Betradar in Deal -
Swisslos offers lotteries, sport bets and instant tickets in the entire territory of German-speaking Switzerland, in Ticino and in the Principality of Liechtenstein. It structures its range of games in an attractive and responsible manner. Swisslos transfers it entire net profit to the mandating cantons and the Principality of Liechtenstein to support public causes.
Americas Cardroom offering mouth-watering value -
It's not every day that an industry-leading poker site offers its customers an opportunity to put the house's money directly into their own pockets, but that's exactly whatís happening at Americas Cardroom.
Coolbet Joins Mpn -
Coolbet, owned by the Estonian company StayCool OU, is a sportsbook driven brand with its own developed platform and sports software. In addition to sports, it offers casino and live casino gaming, and as of this week, poker.
RMG AND SIS EXTEND PARTNERSHIP -
RMG manages the rights of many of the leading British racecourses, while SIS holds the horseracing rights to all Irish racecourses, plus Chelmsford City Racecourse in the UK.
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