Belgium group acquires majority of Casino Davos

Almost half of the stake in the Switzerland casino was acquired by Ardent Group.

Switzerland.- Belgian company Ardent Group has purchased a 44 per cent stake in Stadtcasino Baden AG’s Swiss land-based Casino Davos. While no official terms were revealed, it was confirmed that Stadtcasino Baden will remain as the majority stakeholder with a 46 per cent share.

Apart from the Ardent Group 44 per cent stake and the 46 per cent from Stadtcasino Baden, the Davos Tourism Organisation will retain a 10 per cent stake. Ardent Group said that the acquisition is part of a move to strengthen its strategic position ahead of the upcoming regulation changes in Switzerland.

The two companies released a statement in which they said: “Stadtcasino Baden Group has made the strategic decision to operate Casino Davos in the future together with a partner with many years of online casino experience. The choice fell on the Casino de Spa SA, which is part of the Belgian Ardent Group, and already successfully runs its own licensed online casino.”

Detlef Brose, chief executive of Stadtcasino Baden, added: “If the gambling law is passed on June 10th, we will immediately and together with our new partner, develop a competitive online offer for Casino Davos to promote us as early as possible for an online license extension.”