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Pharmaceuticals Mixes with Greek Gaming EMEA


Easton Pharmaceuticals is on the short list to buy an interest or participate in the acquisition of Club Hotel Casino Loutraki in Greece, 80 kilometers from Athens


Club Hotel Casino Loutraki is one of just nine casinos currently operating in Greece.


GREECE CASINO LICENSING


AUSTRIA – The CEO of Casinos Austria, Alexander Labak, informed the board at the end of September that he will not be seeking to extend his contract, which is due to expire at the end of 2019. After his management style led to criticism, it is believed that the search for a successor has begun immediately.


The contracts of all three directors – Bettina Glatz- Kremsner, Dietmar Hoscher and Alexander Labak – expire at the end of 2019. Glatz-Kremsner is seen as the candidate with the best chances of succeeding Labak. Normally the contracts would be extended in December 2018.


Furthermore, it has been decided that the 12 casinos in Austria should be managed by the current director of Casino Vienna, Reinhard Deiring, and the company corporate investment manager Christian Land.


Easton Pharmaceuticals is on the short list to buy an interest or participate in the acquisition of Club Hotel Casino Loutraki in Greece, 80 kilometers from Athens.


Te resort comprises of a private beach, 255 rooms and 20 suites, eight restaurants, a wellness center, conference facilities and an 87 table/1,000 slot machine casino plus a VIP area. Te town is well known for its natural springs and therapeutic spas and draws tourists and visitors from all around the world.


As part of its plan to enter more lucrative market segments, Easton has been working with the bank and the consultants currently in charge of handling the sale of the property in Greece, since early this past summer. Tis is one of just nine casinos currently operating in Greece. Te opportunity and the advancement is as a result of strong relationships Easton CEO, Mr. Evan Karras currently holds with some senior members of Greece’s current ruling government and other influential business leaders in Greece who are all assisting in bringing the process closer for Easton and the consortium. Mr. Evan Karras participated in the privatisation of gaming in Greece in the 1990’s


FRANCE –The newly built Sanary-sur-mer Casino, the latest member of the Vikings Group's portfolio in France, has installed the Super Premier 75 from Euro Games Technology as part of its 150 slot machine quota. EGT believes that the slot is well on its way to becoming a favourite with the French players.


“The installation is a result of our long-term partnership with the operator and of the high performance of our products shown locally,” said Borislav Prokopiev, regional sales manager of EGT for France, Monaco and Belgium. “The Super Premier 75 is one of our most innovative slot cabinets and now it has been given a central place in casino Sanary-sur-mer, where it will also reveal its potential to the fullest extent very soon.”


It features a 75-inch portrait-oriented curved monitor, elegant LED illumination and a comfortable multimedia chair with high-quality stereo speakers and game and sound volume control. Powered by the latest platform of EGT – Exciter III, in France it is mostly preferred with the Red, Orange and Green Collection multi-game mixes. Each of them contains 48 titles with different storylines, among which are the very popular 20 Super Hot, Amazons’ Battle, Almighty Ramses II, Thumbelina’s Dream and many more.


P20 NEWSWIRE / INTERACTIVE / MARKET DATA


Austria CAI up 17.6 per cent in first half of 2018


Casinos Austria International has reported significant earnings improvements in the first half of 2018. Te 100 per cent subsidiary of Casinos Austria generated double- digit increases in all its relevant key figures for the first six months.


Turnover for the total of 30 operations (29 casinos, including three casinos on luxury cruise ships and a video lottery subsidiary) increased by 17.6 per cent to €72.94m, with operating profit of €5.78m equivalent Tis was up by 13.9 per cent or €2.44m compared to the same period last year.


CAI said that the main drivers of this ‘very pleasing half - year balance sheet’ were the very successful new casino in Schaanwald, Liechtenstein, which contributed an operating profit of €1.7m in the first year, improvements at Spielbanken


Niedersachsen with a profit increase of €2.02m, and Belgium, which profit was up by €0.37m. Profit at the group’s casinos in Switzerland were up €0.55m and Hungary, up €0.3m. Te video lottery business in Macedonia is also developing very well, with the number of terminals expanding from 1,022 to 1,256 in the first half of the year, with a total of 3,000 machines in operation by the end of 2018.


Casinos Austria General Manager Alexander Labak: "After a detailed evaluation at the beginning of April 2018, we decided to continue on our own with Casinos Austria International with an active and clear strategic orientation. Te figures show that this bears fruit and we are also optimistic about future developments. Tank you very much to the entire team of Casinos Austria International for the great effort. "


and is familiar with the property and the gaming industry in the country. Te acquisition is at a substantial discount of its cost and offers substantial upside in the gaming and hospitality sector, as well as with redevelopment potential for luxury managed condominium vacation units.


“Being placed on the short list is a very significant step for Easton,” stated Mr. Evan Karras, CEO of Easton, who has commenced several gaming and hospitality initiatives for the company in efforts to bring the company to new levels of growth and success. “It is expected, and we are hopeful that this opportunity would include Easton and will close on an agreement close to the same time as it hopes to close on its recently announced hotel / development opportunity in the heart of Toronto, Canada, which are also in late stage discussions.”


Easton Pharmaceuticals is a diversified specialty pharmaceutical company involved in various pharmaceutical sectors and other growing industries. As part of its strategic growth plan, the Company will be entering new lucrative market segments globally, including Gaming, Real Estate and Hospitality, among others.


Malta


BetConstruct has continued to sweep up accreditation from the Malta Gaming Authority (MGA) after securing approval to add poker to its set of licensed products.


Te developer and provider of online and land-based gaming solutions has confirmed that it has been granted an approval from the MGA to add Poker vertical (type 3) under both B2C and B2B licences. Tis is a perfect addition to BetConstruct's MGA licenses which were already covering sports betting and provision of fantasy sports.


Earlier this year, the company also secured approval from the regulator for its B2C operation to add casino vertical (type 1), which enables games from well-known Malta-based casino providers.


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