Casinos Austria posts best results in group’s 50-year history

Casinos Austria posts best results in group’s 50-year history

Thursday, May 18, 2017 Posted by James Walker
Casinos Austria director general, Karl Stoss

Management and staff at Casinos Austria are looking back on the best financial year in their 50-year corporate history.

In 2016, the group – whose operations span the casino, lottery, online gaming and VLT sectors – posted increases in revenues across all business units. This led to an 8% rise in group revenues to a record €3.89 billion.

Sustained investments in improving and extending its portfolio, as well as measures to improve efficiency, also led to the group achieving a 49% increase in operating profit to €150.1 million, while group consolidated results were up by 65% to 91.2 million euros.

There was also cause for celebration among customers and guests, who together took home total winnings of €2.7 billion during 2016, a rise of 11.3% compared to the previous year and yet another historic high.

Visitor numbers at Casinos Austria’s 12 domestic casinos were up by 10.6% in 2016, with the facilities welcoming more than three million guests. This led to a strong rise in gaming revenues, which were up 5.2% year-on-year to €326.8 million.

In 2015, Casinos Austria invested some €38 million in the development of its casinos in Austria. More than 1,000 new slot machines from 11 different manufacturers with a total value of €16 million were installed and have been in operation since January 1, 2017.

Last year brought a new record for gaming revenues at Austrian Lotteries. At €3.35 billion – 8.7% more than in 2015 – gaming revenues hit an all-time high in the company’s 30th anniversary year. Earnings before taxes at €77.8 million and a profit for the year of €67.7 million mark two further record results.

Significant improvements in Casino Austria’s results were also achieved at the group’s video lottery terminals (VLT) subsidiary. The new WinWin outlets in Linz Urfahr, Schwaz, Wiener Neustadt and Wels/Stadtplatz opened in 2015, and 2016 contributed to a growth in VLT gaming revenues for the reporting year of around 10.8% to €499.5 million.

The 2016 winners balance sheet at Austrian Lotteries was likewise impressive: 253 players each succeeded in winning €100,000 or more, while 46 of these winners each won in excess of €1 million.

Casinos Austria International (CAI) succeeded in more than quadrupling its operating earnings from €8.01 million in 2015 to €34.8 million in 2016. This was attributed to a significant improvement in results at several operations, most notably the casinos in Sopron (Hungary), Lower Saxony (Germany) and Canada.

With revenues of €126.4 million, consolidated results for the CAI Group were also back in the black for the first time since 2009, at €9.1 million.

“The state has since not only enjoyed continuous dividends, it has also received over €5.5 billion in tax contributions from the group over the last ten years,” said CAI director general Karl Stoss.

Totally Gaming says: With record revenues in 2016, it’s clear that Casinos Austria’s investment strategy is paying off. The work doesn’t end here, however, and over the coming months we can expect further developments to take place across the group’s casino, lottery, online gaming and VLT operations – both at home and overseas.

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