economy
The Lower Austrian gaming giant Novomatic will inform the co-shareholders of Casinos Austria on Wednesday from 10 a.m. that it intends to sell its 17.2 percent stake in the casino to Czech Sazka. The Czechs already hold 38 percent of the casinos and want the majority of the state-owned gaming company. It is exciting to see whether the state increases its shares.
SN / APA / ROBERT JAEGER
It’s about the future of Casinos Austria
The shareholders of the casinos are intertwined through complicated contracts. They all have a proportional right to act. Theoretically, the state-owned holding company ÖBAG, which holds a third in the company shaken by the casino affair with an FPÖ-Postenschacher, could increase its share. However, this is currently considered rather unlikely, because the share package that Novomatic wants to get rid of costs more than EUR 100 million.
Source: APA
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Accessed on 02/12/2020 at 04:39 on https://www.sn.at/wirtschaft/oesterreich/casinos-aktionaerssitzung-zur-aufstockung-von-sazka-83335087
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