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NOVOMATIC bids to acquire 28% stake in Casinos Austria

28th July 2015 6:42 am GMT

Austrian gaming giant NOVOMATIC has moved to acquire a stake of almost 30 per cent in Casinos Austria, the part state-owned gaming operator, just days after more than doubling its holding in the operator’s lotteries division Österreichischen Lotterien (ÖLG).

NOVOMATIC is set to own a direct stake in the business after one of Casinos Austria’s three private shareholders, MTB Privatstiftung, accepted a bid for its 16.8 per cent holding, with the purchase price kept private.

The company will also [...]

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