Tag Archives: Stadtcasino Baden
Switzerland – Stadtcasino Baden snaps up 81 per cent share of Casinò Locarno
Stadtcasino Baden AG has bought an 81 per cent stake in Casinò Locarno SA from ACE SWISS Holding AG. The transaction still needs to be approved by the Federal Gaming Commission (ESBK). With the sale of the majority stake in Casinò Locarno SA, ACE Swiss Holding AG is following its strategy of focusing on the…
Switzerland – Stadtcasino Baden Group hoping for two new casino concessions
The Stadtcasino Baden Group has put its cards on the table with regards to the upcoming new licensing round for the Swiss casino sector with the casino group from Baden submitting three application, one for its existing Grand Casino Baden, and two new licences for Locarno and Solothurn. Jürg Altorfer, Chairman of the Board of…
Switzerland – Stadtcasino Baden generates profit of CHF 3.9m in the year of corona
Stadtcasino Baden AG ended the 2020 corona year better than expected with a profit of CHF3.9m in 2020, around 11 per cent more than in the previous year. The gross turnover in 2020 was CHF105m around 25 per cent more than in 2019. Stadtcasino Baden AG operates Grand Casino Baden, Casino Davos and the online…
Switzerland – Grand Casino Baden enjoys second consecutive year of growth
With an increase in gross gaming revenue of 4.3 per cent to CHF 63.1m, Grand Casino Baden has secured its position in the top three revenue-generating Swiss casinos. The casino increased its revenue for the second successive year following years of declines since 2012, thanks in some part to the introduction of the long-term House…
Switzerland – Ardent buys into Casino Davos as online law change nears
Belgium-based Ardent Group, previously known as Circus Group, has bought a 44 per cent share in Switzerland’s Casino Davos from Stadtcasino Baden. The move will allow Ardent to position itself strategically prior to expected changes in regulation for Switzerland’s online sector. A vote on June 10 is expected to allow land-based casinos to launch play…
Switzerland – Grand Casino Baden records first growth in five years
Having suffered from an overall decline in the Swiss casino market for several years, officials at Grand Casino Baden described the past financial year as a ‘gratifying result.’ Profit was up by 1.3 per cent whilst visitor numbers were up by 4.4 per cent with 346,000 guests visiting the Grand Casino Baden over the year….
Austria – Stadtcasino Baden and Gauselmann awarded licence for Vienna
The race for two additional casino concessions in the Austrian federal capital has been decided after a tender period lasting more than one year. The Austria Ministry of Finance has awarded one of the two new casino concessions in the capital Vienna to Grand Casino Wien, an international joint-venture led by Stadtcasino Baden Group, renown…
