Casinos Austria Expands to Italy

Companies › Retail & Consumer ♦ Published: January 25, 2011; 09:12 ♦ (Vindobona)

Loss-making Casinos Austria hopes for a new and lucrative market in Italy.

Casinos Austria Expands to Italy / Picture: © Vindobona.org

The sales of Casinos Austria on the domestic market have declined in recent years. Owing to an ECJ ruling, the casino monopoly was abolished in Austria. In addition, gambling is made increasingly via the Internet. The year 2010 should therefore bring losses, although the last quarter, "stabilized" again. In the first half year, the group suffered a loss of € 14.4m. The position is…

or Log In

Fast News Search
Related News
Merger Between Bwin and PartyGaming Finished (December 24, 2010)
A Las Vegas for Europe (December 8, 2010)
Protectionism in Favor of Casinos Austria and Novomatic? (November 3, 2010)
Bratislava: Investment in Slovak 'Las Vegas' in Danger (October 7, 2010)
After its merger with PartyGaming, bwin has moved its headquarters to Gibraltar (September 13, 2010)
Gambling - Awarding of Austrian concessions not in line with EU laws (September 9, 2010)
Casinos Austria International in the red (September 1, 2010)
Read More
Italy, CASAG Casinos Austria AG, Entertainment Industry, Paul Herzfeld
Featured
See latest Vindobona Newsletter