Casinos Austria CEO Alexander Labak resigns
The CEO of Casinos Austria, Alexander Labak, informed the board yesterday that he will not be seeking to extend his contract, which is due to expire at the end of 2019. After his management style led to criticism, it is believed that the search for a successor has begun immediately.
The contracts of all three directors – Bettina Glatz-Kremsner, Dietmar Hoscher and Alexander Labak – expire at the end of 2019. Glatz-Kremsner is seen as the candidate with the best chances of succeeding Labak. Normally, the contracts would be extended in December 2018.
Furthermore, it has been decided that the 12 casinos in Austria should be managed by the current director of Casino Vienna, Reinhard Deiring, and the company corporate investment manager Christian Land.
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