Lottery and gaming operator Sazka has increased its indirect stake in Casinos Austria from 11.3 per cent to 34 per cent.
The increase comes after the European company completed the acquisition of the indirect shares in Casinos Austria held by Leipnik-Lunderburg Invest Beteiligungs and UNIQA Beteiligungs-Holding.
The transaction received final unanimous approval at Casinos Austria shareholders' assembly after Sazka received regulatory approvals from all national and international authorities to acquire the shares.
Robert Chvátal, CEO of Sazka, said: “We are pleased to have strengthened our position as the largest strategic shareholder in Casinos Austria and we look forward to continuing our record of successful cooperation with fellow shareholders to support the long-term success of the company. Sazka Group’s lottery and gaming expertise comes from multiple markets and we are excited about leveraging that experience for the benefit of all of Casinos Austria stakeholders.”
