Despite difficult market conditions in Germany, gaming giant Gauselmann Group has confirmed revenues of more than €1bn in financial year 2008.
Last year was mainly characterised by the new gaming regulations and a change of the business models in the German core market.
The sales of AWP machines included a considerably higher percentage of lease machine due to the change of gaming machine technology from reel to video-based machines coupled with the fact that customers are finding it more difficult to obtain credit from their banks.
When looking at the financial year 2008, the strategic decision of the Gauselmann Group to transfer 100 per cent of the subsidiary Atronic to the US-based lottery systems company GTech in May 2008, has to be considered.
However, on a comparable basis the aggregate revenue increased by 1.6 per cent and the total business volume - adjusted by the above business areas - rose to €1.12bn and the aggregate consolidated revenue of the different business segments rose to €886m.
The group is also continuing to invest heavily in the industry and in 2008 €194m was invested in the strongly growing segment of the lease business as well as measures to optimise its national and international activities.
