SAZKA Group a.s. (“SAZKA Group” or the “Company”, and together with its subsidiaries and associates the “Group”) announces that it has acquired the 17.19% stake in Casinos Austria AG (“CASAG”) previously held by Novomatic AG.
As announced on 10 December 2019, the Company previously reached an agreement with Novomatic AG, pursuant to which Novomatic AG agreed to sell its 17.19% stake in CASAG (the “Transaction”) to the Group.
The Transaction was completed today. As a result SAZKA Group’s shareholding in CASAG is now 55.48 %.
In connection with the Transaction, the Company has entered and drawn a new secured financing with one of its relationship banks. The facility size is €105 million and the borrower is CAME Holding GmbH.
Robert Chvatal, SAZKA Group CEO, commented: “Together with our fellow shareholders, we are looking forward to increasing the value of Casinos Austria – a treasured national brand - for the benefit of customers, employees, and most importantly of all, Austrian society.”
SAZKA Group is one of the largest pan-European lottery operators. Its businesses run lotteries in all the major continental European countries where lotteries are privately operated, including the Czech Republic, Greece, Austria, Italy, and Cyprus. Its businesses focus on the lottery segment, including numerical lotteries (draw-based games) and instant lotteries (scratch cards), while also providing complementary products in sports-betting and digital-only games. They sell their products both through extensive retail networks and digital platforms. All its lottery operators are members of the World Lottery Association and the European Lottery Association and operate in accordance with their codes of practice.
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