Casino Austria Ag
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.
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. The sale of its stake will see Sazka’s shareholding in Casinos Austria increase from 38 to 55% after securing majority investment rights in the DACH region’s land-based casino operator. Comments Robert Chvatal, chief executive officer of the Sazka group, explained: “We believe it is the best solution for the company.
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).
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.”
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Casinos Austria, formed in 1967 and based in Austria, is a gamingcorporation that owns and operates casinos around the globe. It is one of the largest casino operators in the world.
Casinos Austria together with its partners operate in about 40 land-based casinos in 16 countries, 8 shipboard casinos, 15 slot parlors, a range of lottery products in Argentina, and one online gambling platform. Together, the Casinos Austria International (CAI) group’s gaming entertainment operations feature over 750 gaming tables and 7,600 gambling machines.[1]
The headquarters of the company was located in the Palais Ephrussi in Vienna from 1969 to 2009. It is now located at Rennweg 44 in the 3rd district of Vienna.
Casinos Austria[edit]
- Casino Salzburg (at Schloss Klessheim)
Casinos Austria International[edit]
- Casino Canberra, Canberra, Australia
- Grand Casino Brussels (opened January 19, 2006)
- The Reef Hotel Casino, Cairns, Australia
Casino Austria Swiss Ag
Gallery[edit]
Casino Velden
Casino Salzburg at Schloss Klessheim
Casino Baden
References[edit]
- ^'Casinos Austria International'. Retrieved 2011-05-23.
External links[edit]
Casinos Austria Ag
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