Casinos Austria: Barely Positive

CompaniesRetail & Consumer ♦ Published: March 31, 2011; 01:56 ♦ (Vindobona)

The gambling group managed to prevent a net loss despite massive losses abroad in 2010. Net income is valued at € 3.7m.

Casinos Austria: Barely Positive / Picture: ©

2010 was a difficult year for Casinos Austria. The foreign subsidiaries brought losses for € 35.2m, but domestic results could still prevent getting into the red. Nevertheless, the annual result decreases strongly from € 56.4m to € 3.7m. Sales remained at the same level with € 3.12bn.

In the background of the foreign losses there is also the increasing demand for online…