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Tag Archives: Casinos Austria International

Austria – Casinos Austria looking at selling off international casinos

Casinos Austria is reportedly looking at putting its entire portfolio of international casinos owned by Casinos Austria International (CAI) up for sale. The news follows reports that the Grand Casino Brussels, located on Boulevard Anspach, is for sale in the Belgium capital. Martin Himmelbauer, spokesman for Casinos Austria International, confirmed that the group is looking…

Austria – Ownership wrangles aside – CAI is back in black

Despite news that Austria’s competition commission has put a roadblock in front of Novomatic’s acquisition of Casinos Austria with partner Saska, the internal restructuring of subsidiary, Casinos Austria International (CAI) has resulted in an operating profit of €19m, the first since 2009. In the first six months of 2016, CAI took a further considerable step in…

Argentina – Casinos Austria to sue Argentina over Salta revoke

Casinos Austria is to take Argentina and the province of Salta to the International Centre for Settlement of Investment Disputes at the World Bank over the revocation of its licence. The company is demanding payment of US$150m in compensation. According to the complaint lodged with the courts, Argentina must now submit evidence to substantiate the…

Batumi – DRGT supplies systems to Casino International Batumi

DRGT, a long-standing supplier to Casinos Austria International, was chosen to supply the casino management systems at the Austrian operator’s Casino International Batumi, which opened in the Hilton Batumi Hotel in October 2015. The casino, located near the popular 6 May Park and Seaside Boulevard, offers 13 live gaming tables and 105 latest generation gaming…

Georgia – Casinos Austria International opens in Batumi

Casinos Austria International (CAI) has launched its new casino in the recently opened Hilton Hotel Batumi, which is becoming known as the Las Vegas of the East. Batumi, the capital of the Autonomous Georgian Republic of Adjara, is a key seaport on the Black Sea, a university town and, above all, is well on the…

Austria – Casinos Austria back with record revenues of €3.62bn

Having provided preliminary results in January, Casinos Austria has now confirmed that 2014 saw a marked growth in the casino, lottery and VLT sectors and brought record sales of €3.62bn and a huge increase in earnings to €41.7m. Indeed each entity in the overall group comprising Casinos Austria, Austrian Lotteries, Casinos Austria International and the…

Georgia – Casinos Austria International to develop Batumi casino

Casinos Austria International is to launch a casino in the Black sea port of Batumi in Georgia where it hopes to attract players from Russia, Iraq and Turkey; three countries where casinos have been banned. Casinos Austria General Manager Karl Stoss revealed the plan as he defended the Austrian operator following public criticism from Rudolf…

Australia – Accor sells stake in Reef Casino for AU$85m

The Accor Group has sold its shareholding in the Reef Casino in Australia to Hong Kong-based Aquis Great Barrier Reef Resort Group, the developers of a proposed $4.2bn mega-resort and casino in north Queensland. Accor’s shareholding included a 29 per cent stake in Barely glued spurs, What’s break where to buy cabergoline everything-hair t bulky…

Austria – Casinos Austria International ‘strength lies in casino management’

Casinos Austria International (CAI), the wholly-owned subsidiary of Casinos Austria AG which handles its international casino activities, can look back on an encouraging year in 2013. Thanks to their extensive efforts, the management team has succeeded in moving the company’s far-reaching restructuring and reorganisation process a major step forward. The turnaround has now essentially been…