Casinos Austria Expands to Italy

CompaniesRetail & 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: ©

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…