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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.

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Gambling News :

Pokerstars Now Lead Sponsor of Global Poker League - Alex Dreyfuss Global Poker League has received a significant boost from the announcement by Dreyfuss Mediarex Sports and Entertainment company Friday that online pokers biggest operator, Pokerstars, has signed on as lead and exclusive GPL sponsor.

Betconstruch invests in Ucrafts - BetConstruct may have also been attracted by the obvious interest in Ucrafts business - the start-up has already gained 5,000 subscribers in just a few months of commercial activity.

Plus500 Founders Selling Off Shares - Alon Gonen and Gal Haber respectively sold 7.2 million shares, retaining a 10.4 percent interest in the company; and 2.6 million shares, retaining a smaller stake of just 3.6 percent.

Rush Golf Live Launches - Virtual sports provider Inspired Gaming has announced the launch of its latest product - Rush Golf Live - with Betfred the first operator to carry the game.

British Basketball League in Deal With Perform - The British Basketball League has agreed a six-year deal with Perform, a digital sports content and media group, for the distribution and sale of all global media-related rights.

Ashley Sandyford Sykes Sharing Slot Expertise - Sandyford-Sykes has experience in the development of over a hundred popular online slot titles and led the Quickfire development team at Microgaming.

2016 WPT National Marrakech High Roller Results - Spanish poker pro Nabil Cordoso boosted his career earnings by a useful $66,873 this week when he was awarded the first prize in the PMU.fr WPT National Marrakech High Roller event in Marrakech.

GreenTube and Chopsticks In Partnership - Novomatic Interactive subsidiary Greentube has announced that it has signed a partnership deal with the Gibraltar-based mobile app developer Chopsticks In The Apps Ltd through which it will organize distribution of Chopsticks games through its online, mobile, social and land-based channels.

DraftKings Investigating Collusion Complaint - The stigma of cheating has surfaced again in the daily fantasy sports sector following allegations that two players colluded in a million dollar contest at DraftKings.

Singapore Gambling Exemptions Granted - The issue of certain state-linked commercial organisations being granted exemptions from Singapores tough anti-online gambling laws has been on the table for the past few months and has been the subject of opposition complaints; protest petitions and general argument.

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