CZECH LOTTERIES

Czech – Sazka dominates the Austrian lottery market, increasing its stake in Casinos Austria

The Czech company could soon increase its stake in Casinos Austria to 60.8 percent.

Sazka Group became the largest shareholder of Austria’s lottery company Casinos Austria. An extraordinary general meeting of the Austrian company approved the increase of its share from 11 to 34 percent. The APA agency said it.

According to the Addendum, Sazka could soon become the majority owner of Casinos Austria.

Sazka already gained about 11 percent in an Austrian company more than a year ago. Today, the General Meeting approved the transfer of a further 22.7 percent stake that Sazka bought from LLI and Uniqa, APA said.

Sazka also has preliminary agreements with Novomatic and Schelhammer & Schatter, according to the Addendum, which would make it sooner to increase its stake in Casinos Austria to 60.8 percent.

Sazka Group founded the KKCG and EMMA Capital groups of entrepreneurs Karel Komárka and Jiří Šmejc. They put their lottery assets into it. KKCG has a share of 75 percent, EMMA quarter.

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