🔥 Deal? No Deal. Novomatic pull plug on CASAG takeover - Casino Review
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Austrian gaming giant Novomatic AG has reached a deal to offload its 17 percent stake in Casino Austria to Czech Republic-based lottery.
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Novomatic has agreed to sell its % of shares in operator Casinos Austria to lottery and sports betting operator Sazka Group. The.
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Harald Neumann, NOVOMATIC AG CEO says: “The previous ownership structure has led to no satisfactory development of Casinos Austria. As.
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Austrian gaming giant Novomatic AG has reached a deal to offload its 17 percent stake in Casino Austria to Czech Republic-based lottery.
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Novomatic holds a 17% stake in Casinos Austria, while the government owns 33% and the Czech Republic's Sazka Group holds the largest slice.
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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.
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Harald Neumann, NOVOMATIC AG CEO says: “The previous ownership structure has led to no satisfactory development of Casinos Austria. As.
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Novomatic AG has agreed to sell its 17% stake in Casinos Austria to Czech gambling conglomerate SAZKA Group. Issuing a short statement.
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Novomatic holds a 17% stake in Casinos Austria, while the government owns 33% and the Czech Republic's Sazka Group holds the largest slice.
Enjoy!
Harald Neumann, NOVOMATIC AG CEO says: “The previous ownership structure has led to no satisfactory development of Casinos Austria. As.
Enjoy!
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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.