Board approved Novomatic's increase in the company by 16.8%
Casinos Austria in dispute over majority stake by Czech group
Casinos Austria voted down a move by Czech consortium CAME Holdings to hold a majority stake in the casino operator at a recent General Meeting.
2015-10-06
Reading time 28 seg
Casinos Austria voted down a move by Czech consortium CAME Holdings to hold a majority stake in the casino operator at a recent General Meeting.
The board of the casino company voted down the move by CAME to purchase the stake owned by MTB private foundation, giving the Czech investor a majority in Casinos Austria.
However the board did approve Novomatic's increase in the company by 16.8% and now holds a total 39.5% stake, but the Czech firm has been critical of the move and legal proceedings could take place questioning the validity of the deal with Novomatic.
Those legal wranglings could drag on for several years in European courts and affect the function of Casinos Austria.
Leave your comment
RELATED NEWS
Net income rose to $120.5 mn
Wynn Resorts profit rises in Q1 as Macau, Las Vegas drive quarter revenue growth
iGaming revenue climbed 8.9% to $461.3 million
DraftKings beats Q1 estimates, touts Super App growth in prediction markets
COMPANIES
Operating earnings up 65%
Century Casinos cuts Q1 loss as revenue climbs to $137.2 million
Net income rose to $120.5 mn
Wynn Resorts profit rises in Q1 as Macau, Las Vegas drive quarter revenue growth
iGaming revenue climbed 8.9% to $461.3 million
DraftKings beats Q1 estimates, touts Super App growth in prediction markets
NYCE Marketplace
Technology integration
Algotech strengthens its trading technology ecosystem through collaboration with 55Tech
Now live for integration
OpticOdds launches as first odds data API available via MCP for Claude Desktop
Vor Turbo shares product overview
Sportsbook integration: Deploying betting widgets at scale
LATEST NEWS
ONLINE GAMING
LEGISLATION
SPORTS BETTING
EVENTS
From 19 - 22 May 2026
Skilrock joins APLA Seminar 2026 as Silver Sponsor
May 31 to June 3
PAGCOR endorses SiGMA Asia Summit 2026 in Manila
During the SBC Summit Malta
1xBet's Simon Westbury discusses 1xPartners' philosophy, Best Affiliate Program win at SBC Awards Malta
EVENTS CALENDAR
Highlighted
Affpapa Conference Madrid 2026
Highlighted
MAC Affiliate Conference 2026
Highlighted
SBC Summit Americas 2026
JUN 9th 26 / JUN 11th 26
Live Event Broward County Convention Center, Fort Lauderdale, Florida
Highlighted
PGS 2026
Highlighted
SBC Summit 2026
Highlighted
