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NOVOMATIC increases stake in Austrian Lotteries

27th July 2015 6:27 am GMT

Austrian gaming giant NOVOMATIC has significantly increased its minority stake in Casinos Austria’s lottery division Österreichischen Lotterien (ÖLG).

Having acquired a 7.94 per cent stake in the business from Austrian private investment firm B&C Industrieholding last month, NOVOMATIC now indirectly holds an 18 per cent stake in ÖLG.

It has now acquired shares owned by two of the three stakeholders of the lottery’s minority holding company, Lotto-Toto Holding Gesellschaft, which owns 32 per [...]

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