Austrians gain a taste for Casinos Poland

The Austrian company will pay USD 3.76 million for the shares and also lend G5 USD 4.98 million. Peter Hoetzinger, the CEO of Century Casinos is excited about the prospect of expanding his company and entering the Polish market. In 2005 the company posted revenues of USD 37 million, a figure up 4.7% on 2004. Przemyslaw Tomaszewski, the president of Casinos Poland claims that even if Century Casinos takes over a 33% stake, this will not involve significant changes for the company as such a number of shares will not grant Century Casinos control over Casinos Poland. The Office of Consumer Protection (UOKiK) has yet to give its acceptance to the transaction.(Puls Biznesu, p.9) M.M.