Czech - Sazka seeks to expand its holding in Casinos Austria

The Europan gaming giant has signed a contract to obtain control of a co-owner of Reef Casino Trust, Casinos Austria. By means of this conditional share sales agreement entered into by both companies, Casinos Austria could end up being taken over by Sazka Group.

In a statement released to the ASX, a Reef Casino Trust spokesman said Sazka Group, a Czech-based company, aimed to “obtain control” of Casinos Austria.

“If the upstream acquisition is completed and Sazka Group obtains control of Casinos Austria, Sazka may acquire a relevant interest in the 67.1 percent of the RCT units,” the spokesman said.

While the sale is subject to approvals, he said Queensland’s Attorney General Yvette D’Ath had confirmed Sazka Group was “suitable to be associated or connected with the ownership, administration or management of the Reef Hotel Casino.”

Source: Yogonet

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