Casinos Austria International in the red

CompaniesRetail & Consumer ♦ Published: September 1, 2010; 19:00 ♦ (Vindobona)

The overseas subsidiary of Casinos Austria, Casinos Austria International (CAI), fell deep into the red in the first six months of 2010.

Casinos Austria International in the red / Picture: © Casinos Austria International

Between January and June this year, the company made a loss of EUR 14.4 million (USD 18.3 million), down from a profit of EUR 24.6 million a year ago.

Revenues from gambling sank 4.7 percent to EUR 104.1 million, according to the half-year report presented on Tuesday evening.

The European casinos sector was heavily affected by the economic crisis, the company said. In…