Tag Archives: casinos austria

SAZKA confident of European comeback as assets weather COVID-19 storm

Citing novel coronavirus impacts across its European network, Czech gambling and lottery conglomerate SAZKA Group saw its consolidated Q1 revenues decline by 11% to €405m (Q1 2019: €458m). In an overview of Q1 performance, the group cited trading under unprecedented circumstances, in which subsidiaries OPAP Greece, Casinos Austria and LOTTO Italia have been forced to suspend their entire retail presence …

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SAZKA commits to ‘package deal’ safeguarding Casinos Austria concerns

Czech gambling conglomerate SAZKA Group has agreed to terms on a ‘cooperation agreement’ with Austrian state fund Österreichische Beteiligungs (ÖBAG) related to the ownership structure of Casinos Austria. ÖBAG had come under fire from Austrian political parties for not using its ‘pre-emption rights’ to challenge SAZKA’s bid to secure a majority +50% stake in Casinos Austria. Last summer, maintaining a 37% …

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Novomatic sells Casinos Austria stake to Czech SAZKA

Novomatic AG has agreed to sell its 17% stake in Casinos Austria to Czech gambling conglomerate SAZKA Group. Issuing a short statement, Novomatic confirms that it has reached a binding agreement with SAZKA dependent on regulatory approvals. The transaction will see SAZKA increase its shareholding in Casinos Austria to 55% (formerly 38%), after securing majority investment rights in the leading …

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Scandal underlines OVWG calls for end of gambling monopoly

The Austrian Association for Betting and Gambling (OVWG) is pushing for more transparency in the country’s gambling laws after a series of police raids investigating corruption between politicians and the country’s monopoly operator. OVWG, which counts among its members bet-at-home, Interwetten, Mr Green and Kindred Group, believes that the controversy around the appointment of former Freedom Party of Austria (FPO) …

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Athens suspends OPAP listing on speculation of SAZKA takeover

The Athens Securities & Exchange Commission has this morning moved to temporarily suspend the listing of OPAP SA, in light of speculation of a ‘major imminent corporate event’. Greek business news sources this morning report that Czech gambling conglomerate SAZKA Group seeks to significantly expand its holdings in OPAP, the former state-owned enterprise and Greece’s largest lottery and sports betting …

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Betway faces Belgian troubles for unclear corporate structures

Kansspelcommissie – the Belgium Gambling Commission (BGC) is reported to be weighing up hefty sanctions against online gambling group Betway with regards to not disclosing transparency in its corporate ownership structures and further breaching BGC licensing frameworks. This week, BGC official Marjolein De Paepe stated that the commission had begun sanction procedures against Betway citing “cumulative licences and a lack of …

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Euro quartet demands that Andorra expel Jocs SA

A quartet of European gambling operators’ formed by Casinos Austria, Genting Group, Partouche France and Grupo CIRSA (Spain) have confirmed a combined lawsuit against the Principality of Andorra for awarding its sole national casino licence to regional enterprise Jocs SA. Last October the gambling operators demanded that Andorra’s executive and Gaming Control Board (CRAJ), move to annul the decision to …

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Andorra confirms review of controversial casino tender

The executive of the Principality of Andorra has confirmed that it will require a month to review the complaint placed by European gambling operators against the issuing of the nation’s sole casino license to regional enterprise Jocs SA. Yesterday, Antoni Marti first minister of Andorra confirmed that the casino tender complaint put forward by European operators – Casinos Austria, Genting …

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SBTech signs up Azerbaijan operator eTopaz to its platform

eTopaz, the exclusive sportsbook of the monopoly state lottery of Azerbaijan, part of Azerinteltek‘s Topaz brand, has announced that it will power its future growth with SBTech’s award-winning fully managed platform to benefit from SBTech’s sportsbook experience in a deal with of one of the industry’s leading providers of iGaming platform and sports betting solutions and services. EL member Azerinteltek offers …

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Casinos Austria shareholders planning legal action

Reuters is reporting that a group of Czech investors is to take action against Austria’s Finance Ministry after failing to increase its ownership of gaming operator Casinos Austria. The investors already own 11.3% through a joint venture called Austrian Gaming Holding (AGH) and believed that this shareholding provided them with first refusal on any future sale of stock. AGH is …

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