Casinos Austria beteiligt sich mit 100 Mio Euro am grössten Casino in Europa

18.09.2003, Lesen Sie hier den Bericht über «Casinos Austria beteiligt sich mit 100 Mio Euro am grössten Casino in Europa».

Das Glückspiel-Unternehmen investiert 100 Mio. Euro in Griechenland und beteiligt sich somit am grössten Casino von Europa-dem Casino Loutraki Die Casinos Austria lassen die Kugel jetzt auch in Griechenland rollen. Vor wenigen Tagen haben sich die Casinos mit 100 Mio. Euro am Casino Loutraki in Griechenland beteiligt, dem "grössten und erfolgreichsten europäischen Spielbetrieb", wie die APA berichtet. Das Netzwerk der Casinos Austria umfasse damit nunmehr 71 Casinos in 16 Ländern. Das 80 Kilometer südlich von Athen mit Blick auf den Golf von Korinth gelegene Casino Loutraki ist mit mehr als 600 Spielautomaten und 70 Spieltischen an 363 Tagen im Jahr rund um die Uhr geöffnet. Täglich besuchen durchschnittlich 2.300 Gäste das Casino. Der Umsatz lag 2002 bei 155 Mio. Euro und soll heuer nach einer Erweiterung Spielangebots auf 170 Mio. Euro steigen. Als Berater ist Casinos Austria am griechischen Markt bereits in den 80er und 90er Jahren aufgetreten, jetzt erfolgte erstmals auch ein finanzielles Engagement. In Griechenland gibt es derzeit neun Spielbetriebe. Quelle:Wirtschaftsblatt

Frühere Artikel zum Casino Loutraki

Casino Loutraki owners will make €120m exit 27/12/2002

A source close to the deal between Casinos Austria and the owners of Club Hotel Casino Loutraki, reported two days ago to the Tel Aviv Stock Exchange (TASE), yesterday claimed that, in contrast to a Tuesday “Globes” report, the Casino Loutraki shareholders, Club Hotel and Resido FIBI, are expected to derive substantial benefits when the deal is completed in two months. The source added that the Israeli owners would receive €120 million, to be paid by the Casinos Austria group to a joint company that would hold the controlling interest in Casino Loutraki, in exchange for the voting rights in this company. The payment will be divided equally between Club Hotel, controlled by Moshe Boblil and Nissan Khakshouri, and Resido FIBI, owned by TASE-listed companies Queenco and Miloumor.

The announcement to the TASE said that Casinos Austria, which controls dozens of casinos around the world, would be a partner in a foreign company, the remaining shares of which would be held by Israeli investors. The Israelis will transfer the 78% controlling interest in Casino Loutraki to the new company. Casinos Austria will receive both 25% of the voting rights in the joint company and preferred shares. The value at which the joint company will acquire the controlling interest in Casino Loutraki reflects a 14 profit multiple for the casino. It was reported on Tuesday that the deal reflects a €500 million value for the casino and the nearby hotel, or €570 million, if the share of the Loutraki municipality is taken into account.

The above-mention source yesterday asserted, however, that the company value at which the joint company would acquire the shares in Casino Loutraki was €670 million, subject to adjustments after the 2002 financial reports are published. This would set the amount the joint company will pay for the shares at €450 million.

After deducting its 75% share in the joint company, Club Hotel and Resido FIBI will receive €120 million from Casinos Austria. The source calculates that counting the dividend to be distributed this year, the Casino Loutraki controlling shareholders will rake in €150 million in the coming months (almost NIS 750 million).

Tuesday’s report also said that Casinos Austria would provide the joint company with financing including €74 million as a bank loan, for which a lien would be granted on the Casino Loutraki controlling interest. The source said Casinos Austria would also inject another €45 million as a capital investment in the joint company when the deal is completed.

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Israelis to sell 25% of Greek casino for $163m 05/11/2002

The Israeli owners of a casino in Greece have admitted that they are in discussions to sell a reported 20-25 percent of the lucrative business. In a statement to the Tel Aviv Stock Exchange on Monday Club Hotel Resido said it is in discussions with Casinos Austria concerning a deal on the Loutraki Casino. Based on an evaluation of $650 million, the deal could be worth up to $163m.

The Loutraki Casino is a subsidiary of Resido FIBI (37%), which is owned by Tel Aviv-traded Queenco and Milomor, and Club Hotel (37%), owned by Moshe Bublil, as well as Bank Pireous (20%). Located 110 km west of Athens, the casino, which was established in 1995, has approximately one million visitors a year. It takes in a reported $100m. annually from unlucky gamblers hoping to make easy money. Three years ago Bank Pireous bought a 20% stake in the Loutraki Casino for $162m.

In a related deal the Israeli companies are also said to be discussing the option of becoming partners in the Jericho “Oasis” Casino owned by Austria Casinos. The Oasis has been out of commission since the beginning of the Palestinian terror wave in September 2000. If the deal does go through the Israeli shareholders will be the big winners as the profits are not expected to be reinvested in the casino. Casinos Austria is Europe’s largest casino operator, running 75 casinos in various parts of the world, including the United States, Canada, Switzerland, Australia and South Africa.

In 1999 Resido FIBI acquired, together with a German company, a 60% stake in the Playboy Casino in Rhodes, Greece, for $22m. Under the terms of the deal Resido agreed to run the casino together with the US-based pornography company.

		
 
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