EU Commission approves Sazka and ÖBAG takeover of Casinos Austria Phil, G3 Newswire · November 25, 2020 at 7:27 am The EU Commission has approved the joint control of Casinos Austria Aktiengesellschaft (CASAG) by the Czech gaming group Sazka and Österreichische Beteiligungs AG (ÖBAG) without any conditions. The EU authority said Tuesday that the takeover would not raise competition concerns because of its limited impact on the market. The merger was therefore examined using the simplified procedure. The Casinos Austria Group employs around 3,400 people in Germany and abroad, around 1,700 of them in Casinos Austria AG, i.e. in the twelve casinos and the headquarters in Vienna. The Czech Sazka Group is by far the largest shareholder, holding 55.48 percent of the casinos . The Austrian state holding company ÖBAG owns 33.24 percent.
