Totalizator Sportowy has bought a majority holding
Polish national lottery firm acquires Casinos Poland
(Poland).- Polish national lottery company Totalizator Sportowy has purchased a majority holding in casino operator Casinos Poland from Lot Polish Airlines and airport management company Przedsiębiorstwa Państwowego Porty Lotnicze.
2011-07-20
Reading time 26 seg
State monopoly Totalizator Sportowy's subsidiary Lottomerkury, meanwhile, has purchased a smaller stake in Casinos Poland. The value of the two transactions has not been revealed. “The deal is conditional, and therefore will come into effect after the requirements laid down in the [sales] document have been fulfilled,” Totalizator Sportowy announced in a communiqué.
Century Casinos Poland, owned by Century Casinos, was and will remain a minority shareholder in Casinos Poland. In 2008, Totalizator Sportowy earned us$ 866.2 million in revenues from its different activities, including the popular Lotto lottery.
Casinos Poland has seven casinos, including two in Warsaw and one in each of Wrocław, Poznań, Kraków, Gdynia and Katowice.
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