Attributed to sustained investments

Casinos Austria posts best financial results in group’s history

Casinos Austria director Karl Stoss.

Austria 
| 19/05/2017

Visitor numbers at Casinos Austria’s 12 domestic gaming facilities were up by 10.6% in 2016, with the casinos welcoming more than three million guests. This led to a strong rise in gaming revenues, which were up 5.2% year-on-year to USD 361M.

An extended portfolio as well as measures to improve efficiency led the group to achieve a 49% increase in operating profit to €150.1 million, while group consolidated results were up by 65% to 91.2 million euros.

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.

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.

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.

Yogonet.com

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