Vienna, Austria – April 1, 2016 – Casinos Austria, the renowned gaming and entertainment company, recently reported record-breaking profits for the fiscal year 2015. The company, which has been a pioneer in the Austrian gaming industry, celebrated a year of remarkable growth and financial success. The outstanding results have affirmed Casinos Austria’s position as a major player in the global casino and gaming sector.
A Year of Milestones
The fiscal year 2015 was truly a landmark period for Casinos Austria. The company’s net profits reached an all-time high, exceeding expectations and surpassing previous years’ figures. The remarkable financial performance can be attributed to various strategic initiatives and innovations implemented by Casinos Austria during the year.
Strong Revenue Growth
One of the key drivers of Casinos Austria’s exceptional performance in 2015 was its robust revenue growth. The company reported a substantial increase in total revenue compared to the previous year. This growth was primarily fueled by a surge in customer visits to its casinos and gaming facilities.
International Expansion
Casinos Austria’s commitment to international expansion played a pivotal role in its success. The company ventured into new markets and expanded its presence in regions where it already had a foothold. The strategic approach to global expansion allowed Casinos Austria to tap into emerging markets and diversify its revenue streams.
Cutting-Edge Technology
Embracing cutting-edge technology was another significant factor contributing to Casinos Austria’s achievements. The company invested heavily in upgrading its gaming equipment and systems, ensuring a seamless and immersive experience for its customers. These technological advancements also enabled the company to offer innovative gaming solutions that attracted a broader audience.
Customer-Centric Approach
A customer-centric approach has always been a hallmark of Casinos Austria’s operations. In 2015, the company went the extra mile to enhance customer satisfaction. It introduced new loyalty programs, exclusive promotions, and personalized experiences, which resonated well with its patrons.
The Financial Highlights
The financial results for 2015 were nothing short of spectacular. Some of the key financial highlights include:
- Record-Breaking Profits
Casinos Austria reported a record-high net profit for the fiscal year 2015, showcasing its financial strength and resilience in a competitive industry. The company’s commitment to operational excellence and prudent financial management contributed to this remarkable achievement. - Revenue Surpassed Expectations
Total revenue exceeded expectations, demonstrating the company’s ability to adapt to changing market dynamics and customer preferences. The revenue growth was driven by increased footfall at Casinos Austria’s properties and strong performance across various gaming segments. - Positive Impact on Shareholders
The exceptional financial performance had a positive impact on Casinos Austria’s shareholders. The company distributed attractive dividends to its investors, showcasing its commitment to delivering value to those who have supported its growth journey. - Future Growth Prospects
With its remarkable financial performance in 2015, Casinos Austria has set a high benchmark for the years to come. The company is well-positioned to capitalize on emerging opportunities in the global gaming and entertainment industry. Some of the strategies that Casinos Austria plans to pursue to sustain its growth include.
Further International Expansion
Casinos Austria aims to continue its international expansion efforts by exploring new markets and enhancing its presence in existing ones. The company’s global footprint will be a crucial driver of its future success.
Continued Technological Innovation
Innovation remains at the forefront of Casinos Austria’s growth strategy. The company will continue to invest in cutting-edge technology to deliver exciting and immersive gaming experiences to its customers.
Enhanced Customer Engagement
Customer engagement and satisfaction will continue to be a top priority for Casinos Austria. The company plans to introduce new initiatives and programs that cater to the evolving preferences of its diverse customer base.
Responsible Gaming
Casinos Austria recognizes the importance of responsible gaming and intends to further strengthen its commitment to this principle. The company will implement measures to ensure a safe and enjoyable gaming environment for all visitors.
A Leading Player in the Industry
The remarkable success of Casinos Austria in 2015 has solidified its position as a leading player in the global casino and gaming industry. The company’s dedication to excellence, innovation, and customer satisfaction has set it apart in a competitive landscape.
As Casinos Austria continues to grow and explore new horizons, it remains committed to delivering exceptional gaming and entertainment experiences to its patrons. With a strong financial foundation and a clear vision for the future, Casinos Austria is poised for continued success in the years ahead.
Vienna, Austria – March 31, 2016 – Casinos Austria AG (CASAG), a prominent global gambling services operator with partial ownership by the Austrian state, announced its full-year financial results for 2015. The company achieved record-high profits, showcasing its financial resilience despite a slight decline in net revenue.
Robust Earnings Growth
CASAG reported robust earnings growth in 2015, with net profits surging from €41.7 million to €55.3 million. This substantial increase in earnings underscored the company’s operational efficiency and ability to capitalize on various revenue streams.
Marginal Revenue Dip
While CASAG’s earnings soared, its net revenue experienced a marginal dip from €3.6 billion to €3.59 billion. This modest decrease in revenue was primarily attributed to the performance of Casinos Austria International (CAI), a subsidiary of CASAG, which continued its trend of losses by finishing €3.8 million in the red. Among CAI’s international operations, the Australian arm faced the most significant decline, with income plummeting by over €6 million to €133.8 million.
Domestic Success
In contrast to its international operations, CASAG’s domestic casinos in Austria enjoyed a positive year. The 12 Austrian properties collectively surpassed the €300 million revenue threshold for the first time, amassing over €310 million in sales. The impressive growth in revenue was bolstered by an increase in visitor numbers, exceeding nine percent. Additionally, a 15 percent rise in food and beverage takings contributed to a modest growth in casino-floor profit from €16.6 million to €20.4 million.
Strong Lottery and Online Divisions
CASAG’s financial strength predominantly resided in its lottery and online divisions. The former generated €3.08 billion in revenue, marking a slight decrease from the €3.15 billion achieved in 2014 but still showcasing improved profit margins. Meanwhile, the online operations continued to expand, experiencing a 10 percent year-on-year growth, reaching just over €1.3 billion.
Global Casino Portfolio. CASAG operates a diverse casino portfolio, comprising 32 casinos worldwide. One notable addition was made in October when the company opened a new venture at the Hilton Hotel in the Black Sea coastal resort of Batumi, the capital of the Georgian Autonomous Republic of Adjara. CASAG’s Director General, Karl Stoss, indicated that this opening was indicative of a broader positive shift in the company’s fortunes after years of consolidation and addressing legacy issues.
Strategic Partnerships
CASAG made headlines in its recent dispute with Austria’s Novomatic AG and Czech investment firm the Sazka Group. Novomatic sought to increase its 40 percent stake in CASAG by acquiring a third party’s 16.8 percent stake, leading to an objection and subsequent legal battle with fellow shareholder Sazka. Ultimately, both parties resolved the dispute by forming a “long-term strategic partnership of equals,” pooling their respective shares under the control of a new joint-venture company.
A Resilient Player in the Industry
Despite the slight dip in net revenue, CASAG’s remarkable earnings growth in 2015 highlighted its resilience and adaptability in the competitive global gambling industry. The company’s commitment to operational excellence and strategic expansion has positioned it as a key player in the international gaming landscape.
As CASAG continues to explore growth opportunities and address market dynamics, it remains dedicated to delivering exceptional gaming and entertainment experiences to its diverse customer base. With a strong financial foundation and a clear vision for the future, CASAG is poised for sustained success in the coming years.
Conclusion
Casinos Austria AG (CASAG) demonstrated its financial strength and adaptability in the face of challenges in the global gambling industry. Despite a marginal dip in net revenue, CASAG posted record-high profits in 2015, signaling its ability to navigate market dynamics effectively. The company’s strategic focus on operational efficiency and diverse revenue streams contributed to its robust earnings growth.
CASAG’s success was particularly pronounced in its domestic casinos, with Austrian properties achieving record-breaking revenue levels. Increased visitor numbers and improved food and beverage sales underscored the company’s ability to provide an enticing and comprehensive entertainment experience.
The strong performance of CASAG’s lottery and online divisions further solidified its financial stability. Despite a slight decline in lottery revenue, the company managed to enhance profit margins, while online operations experienced double-digit growth, reflecting the company’s adaptability to evolving consumer preferences. The company’s global casino portfolio continued to expand, with the opening of a new venture in Batumi, Georgia, signaling a positive turn in its strategic initiatives. Additionally, CASAG’s ability to resolve a high-profile dispute with Novomatic AG and the Sazka Group demonstrated its commitment to forging strategic partnerships for mutual benefit.
