Casinos Austria International in Crisis

CompaniesRetail & Consumer ♦ Published: March 1, 2011; 01:00 ♦ (Vindobona)

The foreign holdings of Casinos Austria International pose major problems for the group, as losses continue.

Casinos Austria International in Crisis / Picture: ©

The foreign holding of Casinos Austria remains unprofitable. The first half of 2010 brought losses of € 14m; for the whole year, a total losses of € 40m is expected. The company has announced that the loss will be somewhat lower.

However, the Executive Board has already been instructed by the Supervisory Board to develop a restructuring plan. No details are known yet. The…