Casinos Austria International Records Massive Losses

Companies › Retail & Consumer ♦ Published: April 14, 2012; 10:15 ♦ (Vindobona)

Casinos Austria Group posts minimal profits. Losses of the subsidiary Casinos Austria International could be offset by the Austrian division.

Casinos Austria International Records Massive Losses / Picture: © Vindobona.org

In 2011, foreign business was considerably negative. Casinos Austria International posted a record loss of € 54.35m, after a loss of € 35m the year before. Due to excellent results of the domestic business, the group could register a minimal profit € 0.64m. In 2010, profits totaled € 3.7m. In 2009, Casinos Austria still showed profits of € 35m. Revenues rose from € 3.19bn to…

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