Tag Archives: Casinos Austria
Andorra – Andorran Government extends deadline to respond to complaints over tender
The Government of Andorra has extended the deadline in order to prepare its response to an appeal put forward by five of the operators who applied for but were denied the single casino licence in Andorra. The Andorran Gaming Control Board (CRAJ) now has until November 27 to answer why it awarded the licence to…
Andorra – Casinos Austria, Genting, Partouche, Barrière and Cirsa challenge Andorra licence
Four of the groups that took part in the bidding process for the casino in Andorra have requested legal safeguards from the government so that the granting of the license to the winner Jocs, be suspended as a precautionary measure. The four operators – Casinos Austria, Genting, Partouche and Cirsa – have asked the Andorran…
Austria – Casinos Austria boss leaves
The CEO of Casinos Austria, Alexander Labak, informed the board yesterday that he will not be seeking to extend his contract, which is due to expire at the end of 2019. After his management style led to criticism, it is believed that the search for a successor has begun immediately. The contracts of all three…
Austria – Casinos Austria International up 17.6 per cent in first half of 2018
Casinos Austria International has reported significant earnings improvements in the first half of 2018. The 100 per cent subsidiary of Casinos Austria generated double-digit increases in all its relevant key figures for the first six months. Turnover for the total of 30 operations (29 casinos, including three casinos on luxury cruise ships and a video…
Austria – Sazka to buy more Casinos Austria shares from Grawe Group
The Czech Sazka Group will increase its stake as majority shareholder in Casinos Austria by buying shares from Schelhammer & Schattera (Grawe Group). This is Sazka’s second attempt to buy the shares which amount to just over four per cent of the Casinos Austria group. If the deal is concluded the Sazka Group, headed by…
Austria – Casinos Austria decides not to sell improving international casino division
Casinos Austria has taken the decision not to sell its international division, Casinos Austria International, citing an improved performance as the main reason why. It has hinted though that some loss-making operations where fortunes cannot be revived will be ‘rejected’ presumably meaning they will either be sold or closed. Speaking to Austrian magazine Trend, CEO…
Austria – Casinos Austria revenue exceeds €4bn
Casinos Austria revenue slightly exceeded the €4bn mark in 2017 (including lotteries) and recorded a 3.5 per cent increase over 2016. All the operator’s gaming divisions grew, including the foreign subsidiary Casinos Austria International (CAI). However, CAI and the 12 domestic casinos have earned less than in 2016. The operating result fell from €150m to…
Austria – Sazka cleared to complete Casinos Austria shares deals
Czech-based lottery group Sazka Group has been given approval for a transaction that will see it become the largest shareholder in Casinos Austria. In August 2017, Sazka said it wanted to buy shares from two major Casinos Austria shareholders, taking its ownership of the company from 11.3 to 34 per cent. Sazka said it had…
Liechtenstein – CAI to open Liechtenstein’s second casino in October
Casinos Austria International will open Liechtenstein’s second casino in the Pirandello business center in Schaanwald on October 25. It will have seven gaming tables, four for card games and three for roulette, and 114 slots. The new venue will be just a few kilometres away from Casinos Austria’s Bregenz casino over the border in Austria….
