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Austrian Retail and Consumer Headlines

Former Casinos Austria CEO Leo Wallner Died

Casinos Austria head Karl Stoss called Leo Wallner, his predecessor in Casinos Austria who died on Wednesday, a visionary and pioneer. The 79-year-old former CEO Wallner was an ‘impressive personality,” Stoss added.

5 minutes ago

Novomatic Gambling Signs 6-Year Lottery Contract in Catalonia

Listed gambling group Novomatic signed a 6-year contract with Catalan lottery firm Loteria de Catalunya in Spain, the group said. Novomatic will deliver 2.3k online lottery terminals with a central server system under the agreement.

Yesterday

Austria’s Tourism Reports Highs Despite Less Russian Visitors

Austria has welcomed much more western tourists in this summer season (May and June) than a year ago. The number of overnight stays rose by 2.1 percent to 17 million, a record high, even though the number of overnights stays of tourists from Russia caved in 30 percent y/y or 51,000.

Yesterday

Novomatic Gambling Secures 39.5 Pct in Rival Casinos Austria

Listed gambling group Novomatic secured a 39.5 percent stake in partly state-owned competitor Casinos Austria thanks to the acquisition of 11.4 percent stake from listed insurer Uniqa, the group confirmed. Further steps to raise the stake, the group could agree to buy 11.35 percent from insurer VIG and 9.44 percent from Schelhammer & Schattera yet this week may, however, raise controversies from competition regulator.

Yesterday

Uniqa to Sell Stake in Casinos Austria to Novomatic

UNIQA will sell its stake in Casinos Austria to the LowerAustrian gambling concern Novomatic. This was revealed by UNIQA on Tuesday. The purchase price hasn't been revealed.

July 28, 2015

OBIB: Austria Might Reduce Stake in Casinos Austria

State holding OBIB might reduce the stake held in listed casinos operator Casinos Austria to a "blocking minority”, OBIB CEO Martha Oberndorfer told APA after the announcement that listed gambling group Novomatic will raise the stake in Casinos to some 28 percent.

July 28, 2015

Novomatic Gets Stake of Casinos

The bid of Lower Austrian gambling group Novomatic for stakes in casino operating company Casinos Austria, owned hitherto by MTB Privatstiftiftung (16.8%) and Leipnik-Lundenburger Invest (11.34%), has been accepted. Novomatic now holds 28 percent of Casinos Austria. The owners of Casinos are tied into a syndicate of shareholders including state-managed OBIB. The purchase price has not been named.

July 27, 2015

Takeover Battle for Bwin.Party Goes On

The takeover attempts for Austrian-British online gaming operator bwin.party is entering the next stage, as GVC Holdings increases its bid for bwin.party from GBP 908 million (USD 14.06 billion/EUR 12.85 billion) to GBP 1 billion, i.e. GBP 0.1225 per share. Its bid is thus higher than what competitor 888 Holdings offered recently, i.e. GBP 900 million or 104.09 pence per share.

July 27, 2015

Bene Investor Bartenstein: Waidhofen Will be Maintained

After the takeover of furniture maker Bene in June investors Martin Bartenstein and Erhard Grosnigg have made a statement, assuring that a relocation of the Austrian factory of the firm was out of the question and no more layoffs were planned for the time being.

July 27, 2015

Novomatic Buys Österreichische Lotterien Shares from Banks

The Lower-Austrian gambling group Novomatic will raise its stake in Österreichische Lotterien from 8 to 18 percent. The gambling giant will buy shares in Lotterien from Erste Bank, BAWAG P.S.K. and immigon (ÖVAG bad bank). Earlier "profil online” informed about the acquisition.

July 24, 2015