Karel Komarek

Petr Dubinsky

Sazka Group Secures Majority Stake In Casinos Austria

Karel Komárek’s lottery and gaming company Sazka Group has secured majority ownership of Casinos Austria.

The change in ownership comes out of a cooperation agreement between Sazka Group and the Austrian state holding ÖBAG

Sazka is already the largest shareholder in Casinos Austria, with a 38.3 percent stake. Thanks to an agreement with ÖBAG, its share will increase to more than 50 percent.

ÖBAG has a 33.2 percent stake in Casinos Austria. Under the agreement, he waived the option for part of the stake held by Casinos Austria in Novomatic. In December, the company agreed to sell its stake of 17.2 percent to Sazka. If smaller shareholders give up their share options on Novomatic, Sazka will gain over 55 percent in Casinos Austria.