The European Commission has reportedly approved the deal that is to see Sazka Group and Osterreichische Beteiligungs AG jointly hold a controlling stake in prominent casino operator Casinos Austria AG.
According to a report from G3Newswire, the executive branch of the European Union revealed its decision last Tuesday after determining that the arrangement involving the Czech gaming operator and the state-owned holding company did not breach the bloc's anti-competition rules. The source explained that Sazka Group earlier purchased a stake in Casinos Austria AG from European gaming machines giant Novomatic AG to take its aggregated interest up to 55.48% while Osterreichische Beteiligungs AG already held a 33.24% investment.
Coronavirus crash:
Vienna-headquartered Casinos Austria AG is reportedly responsible for twelve casinos in its home nation including the Casino Salzburg, Casino Zell Am See and Casino Innsbruck alongside gambling-friendly facilities in the countries of North Macedonia, Australia, Egypt, Denmark, Hungary, Germany, Switzerland and Liechtenstein. However, the operator has purportedly been hard hit by the coronavirus pandemic and detailed a first-half loss of approximately €10 million ($11.85 million) in September as its aggregated revenues tumbled by more than 30.5% to just €52.81 million ($62.58 million).
Casinos Austria Ag
Casinos Austria International (CAI) is a leading player in the global gaming industry. With our unique portfolio of development and management services, we have successfully realized more casino and gaming projects in more jurisdictions than any other operator worldwide.
Revival hopes:
- Casinos Austria Swiss AG. Casinos Austria Swiss AG was founded in 1977. The Company's line of business includes holding or owning securities of companies other than banks.
- Casinos Austria Service Center. You are looking for the ideal gift, would love to spend a wonderful night at the casino including a delicious dinner, or simply wish to book a table? Our Casinos Austria Service Center staff is happy to assist you and answer any questions you might have.
Casinos Austria AG reportedly moreover has around 3,400 employees including some 1,700 in Austria and declared that its first-half financials were negatively impacted as ‘the global economy contracted significantly' owing to the coronavirus pandemic and ‘the sometimes-drastic measures taken to contain' the highly-contagious illness.
Reportedly read a statement from Casinos Austria AG…
'The land-based gaming industry is one of the industries that was most severely affected. While Casinos Austria AG's gaming revenues in January and February were 11% higher than in the previous year, all casinos had to shut down in March. The management immediately took all measures to curb costs. Fortunately, good gaming revenues have been achieved in the first few weeks since re-opening.'
Related Posts:
The European Commission has reportedly approved the deal that is to see Sazka Group and Osterreichische Beteiligungs AG jointly hold a controlling stake in prominent casino operator Casinos Austria AG.
According to a report from G3Newswire, the executive branch of the European Union revealed its decision last Tuesday after determining that the arrangement involving the Czech gaming operator and the state-owned holding company did not breach the bloc's anti-competition rules. The source explained that Sazka Group earlier purchased a stake in Casinos Austria AG from European gaming machines giant Novomatic AG to take its aggregated interest up to 55.48% while Osterreichische Beteiligungs AG already held a 33.24% investment.
Coronavirus crash:
Vienna-headquartered Casinos Austria AG is reportedly responsible for twelve casinos in its home nation including the Casino Salzburg, Casino Zell Am See and Casino Innsbruck alongside gambling-friendly facilities in the countries of North Macedonia, Australia, Egypt, Denmark, Hungary, Germany, Switzerland and Liechtenstein. However, the operator has purportedly been hard hit by the coronavirus pandemic and detailed a first-half loss of approximately €10 million ($11.85 million) in September as its aggregated revenues tumbled by more than 30.5% to just €52.81 million ($62.58 million).
Casino Austria Swiss Ag
Revival hopes:
Casinos Austria AG reportedly moreover has around 3,400 employees including some 1,700 in Austria and declared that its first-half financials were negatively impacted as ‘the global economy contracted significantly' owing to the coronavirus pandemic and ‘the sometimes-drastic measures taken to contain' the highly-contagious illness.
Reportedly read a statement from Casinos Austria AG…
'The land-based gaming industry is one of the industries that was most severely affected. While Casinos Austria AG's gaming revenues in January and February were 11% higher than in the previous year, all casinos had to shut down in March. The management immediately took all measures to curb costs. Fortunately, good gaming revenues have been achieved in the first few weeks since re-opening.'
Related Posts:
The European Commission has reportedly approved the deal that is to see Sazka Group and Osterreichische Beteiligungs AG jointly hold a controlling stake in prominent casino operator Casinos Austria AG.
According to a report from G3Newswire, the executive branch of the European Union revealed its decision last Tuesday after determining that the arrangement involving the Czech gaming operator and the state-owned holding company did not breach the bloc's anti-competition rules. The source explained that Sazka Group earlier purchased a stake in Casinos Austria AG from European gaming machines giant Novomatic AG to take its aggregated interest up to 55.48% while Osterreichische Beteiligungs AG already held a 33.24% investment.
Coronavirus crash:
Vienna-headquartered Casinos Austria AG is reportedly responsible for twelve casinos in its home nation including the Casino Salzburg, Casino Zell Am See and Casino Innsbruck alongside gambling-friendly facilities in the countries of North Macedonia, Australia, Egypt, Denmark, Hungary, Germany, Switzerland and Liechtenstein. However, the operator has purportedly been hard hit by the coronavirus pandemic and detailed a first-half loss of approximately €10 million ($11.85 million) in September as its aggregated revenues tumbled by more than 30.5% to just €52.81 million ($62.58 million).
Casino Austria Swiss Ag
Revival hopes:
Casinos Austria AG reportedly moreover has around 3,400 employees including some 1,700 in Austria and declared that its first-half financials were negatively impacted as ‘the global economy contracted significantly' owing to the coronavirus pandemic and ‘the sometimes-drastic measures taken to contain' the highly-contagious illness.
Reportedly read a statement from Casinos Austria AG…
Casino Austria (liechtenstein) Ag
'The land-based gaming industry is one of the industries that was most severely affected. While Casinos Austria AG's gaming revenues in January and February were 11% higher than in the previous year, all casinos had to shut down in March. The management immediately took all measures to curb costs. Fortunately, good gaming revenues have been achieved in the first few weeks since re-opening.'
Casino Austria Ag Aktie
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