Casinos Austria Revenue Exceeds €4bn Casinos Austria revenue slightly exceeded the €4bn mark in 2017
(including lotteries) and recorded a 3.5 per cent increase over 2016
Sazka want to sell the company’s 26 foreign casinos and the Ministry of Finance and some other shareholders don’t.
AUSTRIA OPERATOR NEWS
Casinos Austria revenue slightly exceeded the €4bn mark in 2017 (including lotteries) and recorded a 3.5 per cent increase over 2016. All the operator’s gaming divisions grew, including the foreign subsidiary Casinos Austria International (CAI). However, CAI and the 12 domestic casinos have earned less than in 2016, prompting major shareholder, Sazka to push for the sale of CAI’s 26 casinos. Operating also result fell from €150m to €139m. Consolidated net income increased by more than 10 per cent to almost €101m.
In the 12 domestic casinos, revenues increased slightly by one per cent reaching €330m. Operating profit fell from €30m to €19m and earnings after taxes fell from €74m to €60m. More than half of the 2.85m casino guests were from abroad. In the previous year, the Group invested heavily in the casinos with the total reconstruction of the Casino Graz now completed, and the lucrative Casino Vienna getting a slots area for VIP players from abroad. Salzburg was also rebuilt and Kitzbühel got a
Spain
Te Regional Government of Galicia has opened a public consultation via its website in order to gather suggestions for the way a new gaming act is developed. Te new act will update the Spanish autonomous community’s gaming laws, which date back to 1985. Te government will be accepting suggestions until May 19th. According to the Galician government, changes to legislation seek to renew the "traditional view" of this activity, which in recent years has been updated with "new products, new technologies” and is “more widespread” throughout society. As a result, the government sees it as “necessary" to elaborate a new legal framework that adapts gaming to the current needs of the sector. One of the primary concerns of any new legislation will be player protection measures especially when it comes to minors. In addition, it will ensure that the new law will provide "uniformity" to the way gaming is regulated in the future.
new restaurant. Te foreign subsidiary Casinos Austria International (CAI) saw its revenues increase by 5.9 per cent to €134m, but its profits fell by half from €35m to €16m. Te company’s lottery division, which includes subsidiaries win2day, the only legal online gambling platform in Austria, and the 18 WINWIN slot machines in Austria, increased its revenues by just under four per cent to €3.48bn and the profit from €68m to almost €70m.
Win2day saw its revenues increase by 4.8 per cent to €1.61bn whilst Te WINWIN slot machines, where players can win up to €10,000 grew by 5.2 per cent to €525m. One of the reasons for the increase was a new location in Bischofshofen (Salzburg). Tis year, the casinos have already opened two more locations, in premises of the Novomatic group, the former archrival, now involved in the casinos. “Casinos Austria group has optimised processes and streamlined costs,” said the new CEO, Alexander Labak, pictured. Mr. Labak is a member of the Czech Sazka Group,
Tranchant will be the first operator of a new style Parisian club
France
Te Tranchant group will become the first operator of one of the new style of Parisian gaming clubs when it opens in the capital in the spring.
Te group has been given authorisation from the Ministry of the Interior to open an establishment on Rue de Marbeuf, pictured, next to the Champs-Elysées. Te total investment will be between €6 and €7m. Covering 2,200 m2, the club will operate about 30 gaming tables and a restaurant and will employ160 people.
Te group Raineau, who will open the Imperial Club in the 13th district, had its application examined at the same time as Tranchant but has not yet obtained its approval.
Lucien Barrière wants to open a club in the former premises
of the circle of Aviation Club de France, on the Champs- Elysees whilst Partouche is looking for somewhere having decided that the restaurant Laurent, in the lower Champs- Elysees is in fact too close to the Champs-Elysee.
Socodem has just sold its casino Gujan-Mestras to Joa to finance its establishment in Paris. Te opening of these potential venues will not happen before the summer given the deadlines, reducing the time remaining to demonstrate their potential profitability. Te experimentation phase must be completed by the end of 2020, but a government report will be made eight months before this date, at around about the end of April 2020.
GERMANY – The German Ice Hockey Federation eV (DEB) has agreed a partnership with digital sports betting company LV BET. While the national team is currently playing in South Korea, LV BET and the DEB have agreed a mutually beneficial media cooperation. During the one-year agreement, LV BET becomes a “DEB Official Partner” as well as “Official Partner of the German National Ice Hockey team.” Conversely, the LV BET brand will gain exposure through televised sporting events, as well as on billboards, video displays, and promotional areas within all DEB arenas. Furthermore, LV BET will be granted a number of match tickets and an official presence on the sponsor wall.
Robert SchÜtt, Head of Marketing DEB: "Through this partnership we acquire a first-class, well- known ally in the sports betting market. LV BET’s commitment to us is testament to the steady rise in popularity of the national ice hockey team in recent years. The DEB provides advertisers from all industries with excellent customised packages to make use of our legacy and history as one of the leading nations in ice hockey.”
LV BET’s Marek M. Czekalla, added: “LV BET is extremely proud to be an official partner of the DEB. As a leading sports betting site, LV BET aims to be a global brand that represents excellence in gaming and sports, that’s why this agreement with the German Ice Hockey Federation is yet another step forward for us. LV BET prides itself on providing a quality sports betting product that players can enjoy safely. As such, we take our responsibilities seriously as German Sportsbook taxpayers and being members of the German Association for Telecommunications and Media e.V.”
EMEA
CROATIA –MSFG International has announced the installation of a new IGT feature slot machine at the client Hrvatska Lutrija d.o.o. in the slot club "AK Arena" - Starih Statuta 4, Pula. MSFG has sited four AXXIS 23/23 slot machines with Diversity HD gaming packages Vol3. and Vol4., including a Video Topper with accompanying animations, to complete the game floor of the AK Arena. Each Diversity HD game pack contains the 12 most popular high- ranking titles, including popular games such as Coyote Moon, innovative games such as Ocean Magic games and classic games such as the popular I Love Fruits and Jackpot Forest Queen.
NEWSWIRE / INTERACTIVE /MARKET DATA P21
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