CR63-p62-Business2:SJC-Casino Review 22/12/07 22:03 Page 1
casinoreview
Novomatic
subsidiary named
as most dynamic
company in Latvia
novostar The ranking is based on near the Riga Airport were
LATVIA business data derived from built with an investment of
the fiscal year January 1, 2006 5m euros, offering modern
In a recent top-101 survey of to January 1, 2007. During this offices for 100 staff.
Novomatic’s headquarters in
the Latvian economy, the period Alfor SIA was able to DI Ryszard Presch, vice- Gumpoldskirchen, Austria
October 2007 edition of mag- raise its business value by 252 president of the board of
azine Kapitāls voted Alfor SIA, per cent, a figure that signi- directors at Novomatic, is,
a subsidiary of the Novomatic fies, somewhat dramatically, not surprisingly, buoyant nomic survey. We are above job they have done.” group confirming further
Holding Austria, at number 15 the economic success of the about the Latvian success all proud of the achieved According to Novomatic expansion plans in the area: in
of the most valuable Latvian company in the growing model: “This business annual enterprise value CEO Franz Wohlfahrt, the 2006 Latvia 39m euros have been
companies. Moreover, with an Latvian gaming market. ranking confirms our strate- growth of 252 percent which export figures of subsidiary invested up to mid 2007, 7m
annual growth rate of 252 per With circa 1,000 staff and gic investments in the Baltic designates Alfor the most Austrian Gaming Industries euros in Estonia and 8m euros
cent, Alfor SIA has been con- 135 electronic casinos, Alfor states and especially in dynamic Latvian company. I GmbH (AGI) to Latvia alone in Lithuania. Novomatic oper-
firmed as the most dynamic reached a turnover of 60m Latvia. It is great to see our extend my congratulations exceeded 20m euros. ates a total number of 5,100
company in the Latvian euros in 2006. The company’s subsidiary rise from 18th last to the Latvian Alfor team and Commitment to the region gaming machines in the three
economy. new regional headquarters year to 15th in this year’s eco- say thank you for the great is also on the up with the Baltic states.
crownjewels
AUSTRALIA
Rank shares
James Packer’s gamble to separate his
Publishing and Broadcasting Ltd gaming assets
fall while
from their media counterparts seems to have
paid off with shares in Crown, the new gambling
speculators hover
business division of PBL, rising as much as 8.3
per cent when they debuted on the Australian
Stock Exchange. sharesharking per cent stake. It is thought unlikely
Last month PBL investors gave their backing to RANK GROUP that either will be at the centre of
Australia’s richest man to split his company into two any eventual takeover but would
separately listed companies, Consolidated Media The Rank Group, which owns the capitalise on an increasing share
Holdings and Crown, and return about AU$2bn Grosvenor and G Casino brands in price if and when a bid does emerge.
Australian dollars (US$1.76bn) to shareholders. the UK plus two casinos in Companies that are thought to
Packer is currently expanding his international Belgium, is becoming an ever more be interested are Harrah’s, the
portfolio of casinos, with a series of deals in the likely takeover target as its share betting companies Ladbrokes and
UK, Canada and the US. His war chest is price has fallen. Increasingly disap- William Hill, Aspinalls - which may
believed to be AU$2.7bn. pointing results from its bingo mean the involvement also of
Packer will be the executive chairman of Crown operations as a result of the James Packer, and Singaporean
and deputy chairman of CMH. smoking ban and changes to the company BIL.
Consolidated Press Holdings, the private law in respect of gaming machines
Crown shares
company of the Packer family, will keep its current in bingo clubs, allied to the hang-
38 percent shareholding in both new companies. over of a high-cost structuring to
on the rise
Crown will own Melbourne’s Crown Casino, concentrate on gaming, have made
Australia’s largest, as well as Perth’s Burswood it an attractive target.
Casino and 38 per cent of Melco PBL Genting, the Malaysian company
following ASX
Entertainment (Macau), a joint venture to build that owns rival casino operator
casinos in Macau with Hong Kong’s Melco Stanley Leisure, has now acquired
International Developments Ltd. Crown will also fully ten per cent of the company,
launch
own half of British gaming group Aspinalls and while property developer Richard-
stakes in other casino groups. sons Capital has taken another 9.3
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62 January 2008 businessnews
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