CAI AND COGETECH ANNOUNCE NEW JOINT VENTURE IN ITALY Milan, Italy, March 2010
In March 2010, CAI and Cogetech announced their new joint venture in the video lottery gaming (VLT) sector. The two partners are investing a total of around 40 million euro in the joint venture, which will be handled by a new company – Azzurro Gaming S.p.A. – based in Milan, Italy. CAI holds a 75% stake and Cogetech a 25% stake in Azzurro Gam- ing. The partners plan to open 15 to 20 video lottery gaming outlets in the area between Rome and the northern Italian border region over the next two years. Each outlet will take the form of a “mini casino” and feature be- tween 50 to 150 video lottery terminals.
Casinos Austria International CEO Paul Herzfeld said: “This new partnership is a great opportunity that allows us to further di- versify our product portfolio. We look forward to working alongside COGETECH to launch our new Video Lottery outlets in the vibrant VLT market in Italy and benefiting from their expertise in this field.”
Fabio Schiavolin, CEO of Cogetech, added: “We are very pleased to have CAI on board as our trusted partner in this new venture, which holds significant growth potential for both companies. We are convinced that CAI’s worldwide experience in the casino sector will be of utmost value in this exciting, yet challenging project.”
Italy is one of the most dynamic gaming mar- kets in Europe and has continued to grow steadily in the last few years. The licensing of a restricted overall number of video lottery terminals paves the way for an attractive new form of gaming in the Italian market.
Cogetech S.p.A., with offices in Milan and Rome, is a market leader
in the Italian online and landbased gaming industry.
Fabio Schiavolin, CEO Cogetech Established in 2004, Cogetech S.p.A. is one of the top players in the
regulated gaming market in Italy, one of the top three markets in Europe.
The company has more than 38,000 AWPs in 16,000 points of sale,
operates sports betting and online poker facilities and also provides commercial and e-payment services.
WELCOME Andreas Schreiner has joined the team at HOV in Vienna as Business Administration Assistant to Stefan Harra, VP Operations.
Werner Schwingshandl will be assisting in the project to de- velop a Service Excellency Program for CAI Group operations on a consul- tancy basis from 1 May to 31 July 2010.
GOOD BYE AND GOOD LUCK Lyal Edwards has left his position as Casino Shift Manager at Casino Bucharest, Roma- nia with effect from end May 2010.
Roberto Garcia Falabella left CAI’s partner in Chile, Polaris, at the end of May 2010 as part of the re- structuring process in Chile.
Paul Herzfeld, CEO Casinos Austria International
Raimundo Barros will also be leaving Polaris at the end of July 2010 as part of the restructur- ing process in Chile.
VOLCANIC ASH DELAYS CAI CONFERENCE IN BRUSSELS Vienna, Austria, April 2010
The massive disruptions to European air trav- el caused by ash clouds from the eruption of the Eyjafjallajokull volcano in Iceland forced Casinos Austria International to postpone the CAI Conference planned for April in Brussels. The conference will now be held from 4 – 8 October 2010.
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