Austria’s Novomatic AG may have to shrink its Austrian operations amid lower profits. The huge privately held gaming manufacturer and casino operator, the leading slot supplier in Europe, is expected to consolidate businesses in Europe, Latin America, the U.S., Australia and Africa, according to a report by Bloomberg.
Additional growth will be achieved through the installation of slots in bars, cafes and gas stations in U.S. states like Illinois and Pennsylvania, the report said.
Earnings are expected to fall by up to 40 percent this year, and the company also has to repay €450 million in debt over the next year, company officials told Bloomberg.
