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Frank Stronach to Apply for Casino Licenses

Published: August 26, 2011; 13:15 · (Vindobona)

The Austro-Canadian founder of Magna and the German Gauselmann Group establish a company with the goal of entering the Austrian gambling market.

Frank Stronach to Apply for Casino Licenses / Picture: © Team Stronach / Press Photo

Last week the Ministry of Finance started the tendering procedure for the Austrian casino licenses. The previous monopolist Casinos Austria, which has held the licenses for all twelve casinos up to now, will face one more competitor. Frank Stronach, ex-president of Magna International, announced that he would enter the gambling business. The Austro-Canadian businessman is planning to…

This article includes a total of 215 words.

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