Casino Austria Swiss Ag
You do not have any products in your shopping basket. From 2013 to 2018, he served as Managing Director/CEO of Casinos Austria (Swiss) AG and is currently a Member of the Board of Directors of Casino St. Moritz AG, Casino Lugano SA and Casinos Austria (Liechtenstein) AG. Casinos Austria Swiss AG. Casinos Austria Swiss AG was founded in 1977. The Company's line of business includes holding or owning securities of companies other than banks.
The European Commission has reportedly approved the deal that is to see Sazka Group and Osterreichische Beteiligungs AG jointly hold a controlling stake in prominent casino operator Casinos Austria AG.
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According to a report from G3Newswire, the executive branch of the European Union revealed its decision last Tuesday after determining that the arrangement involving the Czech gaming operator and the state-owned holding company did not breach the bloc’s anti-competition rules. The source explained that Sazka Group earlier purchased a stake in Casinos Austria AG from European gaming machines giant Novomatic AG to take its aggregated interest up to 55.48% while Osterreichische Beteiligungs AG already held a 33.24% investment.
Coronavirus crash:
Vienna-headquartered Casinos Austria AG is reportedly responsible for twelve casinos in its home nation including the Casino Salzburg, Casino Zell Am See and Casino Innsbruck alongside gambling-friendly facilities in the countries of North Macedonia, Australia, Egypt, Denmark, Hungary, Germany, Switzerland and Liechtenstein. However, the operator has purportedly been hard hit by the coronavirus pandemic and detailed a first-half loss of approximately €10 million ($11.85 million) in September as its aggregated revenues tumbled by more than 30.5% to just €52.81 million ($62.58 million).
Revival hopes:
Casinos Austria AG reportedly moreover has around 3,400 employees including some 1,700 in Austria and declared that its first-half financials were negatively impacted as ‘the global economy contracted significantly’ owing to the coronavirus pandemic and ‘the sometimes-drastic measures taken to contain’ the highly-contagious illness.
Reportedly read a statement from Casinos Austria AG…
“The land-based gaming industry is one of the industries that was most severely affected. While Casinos Austria AG’s gaming revenues in January and February were 11% higher than in the previous year, all casinos had to shut down in March. The management immediately took all measures to curb costs. Fortunately, good gaming revenues have been achieved in the first few weeks since re-opening.”
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Karl Stoss to succeed Leo Wallner as Director General, Paul Herzfeld appointed Deputy Director General, Dietmar Hoscher appointed new Member of the Board.
In a meeting held on 2 November 2006, the Supervisory Board of Casinos Austria AG agreed the following changes to the company’s Board of Directors:
Director General Dr. Leo Wallner (70), the longest serving Director General in Austria, will leave the Board of Directors in 2007, the company’s 40th anniversary year, to join the Supervisory Board. Dr. Wallner’s appointment as Vice President of the Supervisory Board will be confirmed at its Annual General Meeting on 25 May 2007.
Dr. Karl Stoss (49) will join the Board at Casinos Austria AG with effect from 1 January 2007. His appointment as successor to Dr. Wallner as Director General will also be confirmed at the Annual General Meeting. Dr. Stoss, a native of Vorarlberg, was formerly Chairman of the Board of Generali Versicherung AG. Prior to that he was Partner and Head of Division at the Management Zentrum St. Gallen in Switzerland, Deputy Chairman of the Board of Österreichische Postsparkasse AG and Board Director at Raiffeisen Zentralbank Österreich.
Casino Austria Swiss Ag Company
Paul Herzfeld (51) will assume the role of Deputy Director General with effect from 3 November 2006. Mr. Herzfeld has been a Member of the Board of Casinos Austria AG since 1 July 2001 and a Member of the Board of Casinos Austria International since 1997.
Casino Austria Swiss Ag Info
Newly appointed to the Board with effect from 1 January 2007 is Dietmar Hoscher (44), currently Company Representative for Legal Issues and Public Affairs.
The remaining Member of the Board, Josef Leutgeb (45), was appointed to the Board of Directors of Casinos Austria AG on 1 January 2005 and has been a Member of the Board of Casinos Austria International since 1997.
Casino Austria Swiss Ag Frankfurt
Casinos Austria AG is the parent company of Casinos Austria International and the owner and operator of the 12 casinos in Austria. As of November 2006, the two companies together operated a total of 75 casinos in 18 countries and on board 10 cruise liners, with two further casinos also under development in Serbia and Chile. In 2005, the two companies posted revenues (wins, registered tips, entrance) of 1.17 billion euro (+17.1 ), welcomed a total of 18.5 million guests (+6.9 ) and employed around 10,400 staff (+13 %).