Tag Archives: Austria

Heavy-duty Casinos Austria integration dominates SAZKA Q3 trading

SAZKA Group wants to exploit the benefits of its expanded business entity, as the Czech gambling conglomerate returns to operating all business units having navigated 2020 Covid headwinds.  Publishing its Q3 trading update (period ending 30 September), the firm told investors that an easing of Covid restrictions across European markets had seen it return to ‘normalised trading in markets and …

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Dominik Beier takes charge of DACH sports agency e|motion

Dominik Beier, former CEO of Interwetten Sports has joined Vienna-based sports marketing, events and consultancy e|motion Group as new Managing Director. Recognised as sports betting’s youngest CEO, last September Beier (29) resigned as ‘speaker of the board’ of Interwetten, having completed two-years leading the DACH-markets bookmaker. A change of sector sees Beier join e|motion, the sports marketing agency which recently …

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bet-at-home sees no summer bounce as DACH taxes drain recovery

bet-at-home AG has maintained its full-year 2020 revenue and earnings outlook despite all corporate metrics trading below 2019 comparatives, as the DACH markets bookmaker returns to full operating capacity.  Publishing its latest Q1-Q3 2020 trading statement, bet-at-home has recorded group revenues of €93 million, tracking 13% below 2019’s €107 million.   Despite its revenue downturn, which the operator attributed to COVID-19 …

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OVWG urges Austria not to miss the boat on 2021 reforms

Claus Retschitzegger, President of The Austrian Association for Betting and Gaming (OVWG), has called for sports and betting leaders to unite behind Austria in adopting a ‘modern online gambling licensing system’. The OVWG published a statement calling for Austrian sports and parliamentary leaders to begin discussions on developing a modern governance framework for online gambling and sports betting services which …

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SAZKA confident of European comeback as assets weather COVID-19 storm

Citing novel coronavirus impacts across its European network, Czech gambling and lottery conglomerate SAZKA Group saw its consolidated Q1 revenues decline by 11% to €405m (Q1 2019: €458m). In an overview of Q1 performance, the group cited trading under unprecedented circumstances, in which subsidiaries OPAP Greece, Casinos Austria and LOTTO Italia have been forced to suspend their entire retail presence …

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Interwetten backs Austrian code on sports integrity

DACH bookmaker Interwetten Sports has become a member of Austrian Sports’  ‘Fair Play Code’, an initiative developed by the government to ensure the integrity of national sports against manipulation. Co-developed by Austria’s Sports Ministry, in partnership with the OFB Football Association and Austria’s Bundesliga, the Fair Play Code aims to educate all national sports stakeholders on preventing match-fixing and corruption. The …

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SAZKA commits to ‘package deal’ safeguarding Casinos Austria concerns

Czech gambling conglomerate SAZKA Group has agreed to terms on a ‘cooperation agreement’ with Austrian state fund Österreichische Beteiligungs (ÖBAG) related to the ownership structure of Casinos Austria. ÖBAG had come under fire from Austrian political parties for not using its ‘pre-emption rights’ to challenge SAZKA’s bid to secure a majority +50% stake in Casinos Austria. Last summer, maintaining a 37% …

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Harald Neumann ends tenure as Novomatic CEO

Novomatic

Austrian gambling technology conglomerate Novomatic AG has confirmed that Harald Neumann has handed his resignation as Group Chief Executive. Issuing a corporate statement this weekend, Novomatic governance disclosed that Neumann had resigned from CEO duties on Saturday 29 February, ending his six-year tenure as company leader. Novomatic governance detailed that Neumann had chosen to leave leadership of the technology group’s executive …

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Novomatic sells Casinos Austria stake to Czech SAZKA

Novomatic AG has agreed to sell its 17% stake in Casinos Austria to Czech gambling conglomerate SAZKA Group. Issuing a short statement, Novomatic confirms that it has reached a binding agreement with SAZKA dependent on regulatory approvals. The transaction will see SAZKA increase its shareholding in Casinos Austria to 55% (formerly 38%), after securing majority investment rights in the leading …

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Scandal underlines OVWG calls for end of gambling monopoly

The Austrian Association for Betting and Gambling (OVWG) is pushing for more transparency in the country’s gambling laws after a series of police raids investigating corruption between politicians and the country’s monopoly operator. OVWG, which counts among its members bet-at-home, Interwetten, Mr Green and Kindred Group, believes that the controversy around the appointment of former Freedom Party of Austria (FPO) …

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