Casinos Austria on track for record revenue in 2016

Karl Stoss Casinos Austria
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Both visitation and revenue are on the rise for Casinos Austria, with director Karl Stoss predicting that the year will see the company enjoy “unprecedented” takings.

 

[dropcap]H[/dropcap]alf-year financial results published by Casinos Austria show that the company achieved sales growth across all its business vectors, due in part to a healthy increase in visitors to its 12 brick-and-mortar properties.

Its land-based division enjoyed revenue gain of eight per cent on the PCP to E155.8m. Meanwhile, footfall grew by a similar level – increasing 6.5 per cent to just over E1.4m.

Notably, many of these new visitors originated from outside Austria itself, with Casinos Austria estimating that throughout the 18 months ending June 30 almost half of its customers resided outside the country. The figure represents a 10 per cent increase on the level of international footfall five years ago.

Whilst its land-based Austrian portfolio remained central to the company’s overall improved performance, Casinos Austria director general Karl Stoss was eager to stress that gains had also been made across its lottery business, its online gaming platform, Win2day, and its international subsidiary, Casinos Austria International.

“Strong growth in sales revenue was posted throughout many areas – with exemplary results across all of the group’s various companies and divisions,” Stoss said. “We strongly believe that by the end of 2016 we will finish the year with unprecedented revenue and earnings.”

 

Strong growth in sales revenue was posted throughout many areas – with exemplary results across all of the group’s various companies and divisions

 

Stoss went on to attribute the company’s current success to “sound investments” it had made in both casino improvements and products within recent months, which he claimed had “improved our food and beverage facilities – and ensured that we reach a greater number of customers online with an increasingly accessible mobile offering”.

The Austrian operator is planning to reinvest an additional E36m into its domestic business in the coming months – a large portion of which is to go towards the purchase of 1,000 new slot machines. The new EGMs will be linked to Austria’s Federal Computing Centre, as per Austrian gaming regulation, and will replace older slot models currently trading on the company’s floors.

The wider Casinos Austria Gambling Group (CASAG) remains one of the most powerful gambling entities in Europe. Last year, the gaming corporation, which is partially owned by the Austrian state, posted net revenues of E3.59bn. The vast majority of this income (just over E3bn) was generated from the Österreichischen Lotterien – the Austrian national lottery – which the group continues to oversee.


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