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NOVOMATIC and Sazka team up to take control of Casinos Austria

26th February 2016 10:53 am GMT

The fight to acquire Casinos Austria appears to have been resolved with the competing bidders, NOVOMATIC and Czech investment vehicles KKCG and Emma Capital, agreeing to combine their stakes in the partially state-owned gaming business via a new joint venture.

The partnership has been agreed between NOVOMATIC and Sazka, the Czech lottery operator owned by KKCG and Emma Capital, and is described as “a long-term partnership of equals.”

It will see NOVOMATIC pool its shares in Casinos [...]

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