Casino Austria Ag
Gaming technology provider Novomatic AG has announced a “long-term strategic partnership” with Sazka Group a.s., for the Austrian gaming market. Novomatic and Sazka Group, both privately-held firms, will pool their respective – already acquired or to be acquired – shares in Casinos Austria AG and Austrian Lotteries. Casinos Austria announces that director-general Alexander Labak won't be renewing his contract when it expires at the end of 2019. Casinos Austria AG reportedly looking to sell all of its. Sazka Group has posted a 66% year-on-year (YoY) rise in gross gaming revenue (GGR) mainly driven by its Austrian casino arm. Sazka recorded €768.9m (£696.1m) in Q3 2020 GGR, up from €463m in Q3 2019. Its Casinos Austria AG (CASAG) subsidiary accounted for 65% of the rise in revenue. The group’s Q3 2020 EBITDA leapt. 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. © 2020 Casino Admiral. Imprint Privacy Policy Cookie Informations.
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.
Casino Austria Swiss Ag
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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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).
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…
Casinos Austria Ag - Casino Seefeld
“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.”