Austrian gaming giant Novomatic AG has reached a deal to offload its 17 percent stake in Casino Austria to Czech Republic-based lottery.
Novomatic has agreed to sell its % of shares in operator Casinos Austria to lottery and sports betting operator Sazka Group. The.
Harald Neumann, NOVOMATIC AG CEO says: βThe previous ownership structure has led to no satisfactory development of Casinos Austria. As.
Austrian gaming giant Novomatic AG has reached a deal to offload its 17 percent stake in Casino Austria to Czech Republic-based lottery.
Novomatic holds a 17% stake in Casinos Austria, while the government owns 33β% and the Czech Republic's Sazka Group holds the largest slice.
Austria's largest gaming entity Novomatic has said that the country's competition regulator demanded too much to green-light its acquisition move on Casinos.
Harald Neumann, NOVOMATIC AG CEO says: βThe previous ownership structure has led to no satisfactory development of Casinos Austria. As.
Novomatic AG has agreed to sell its 17% stake in Casinos Austria to Czech gambling conglomerate SAZKA Group. Issuing a short statement.
Novomatic holds a 17% stake in Casinos Austria, while the government owns 33β% and the Czech Republic's Sazka Group holds the largest slice.
Harald Neumann, NOVOMATIC AG CEO says: βThe previous ownership structure has led to no satisfactory development of Casinos Austria. As.
This transaction is in the best interest of CASAG to have key and long novomatic casino austria shareholders aligned, Novomatic said in a news release, adding that the last six months have shown that clear ownership is essential to successful business.
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It is important to enable a stable and sustainable shareholder structure that secures the company in the long term for the future challenges of national and global markets.