Stadtcasino Baden acquires majority stake in Casinò Locarno
Niederer Kraft Frey advised Stadtcasino Baden on its acquisition of a majority stake in Casinò Locarno. With this acquisition, the Stadtcasino Baden group extends its footprint to the Italian speaking part of Switzerland.
Stadtcasino Baden and its subsidiaries are one of the largest casino operators in Switzerland and active in both the online and traditional gaming space. Via its subsidiary Grand Casino Baden, Stadtcasino Baden has been operating the casino in Baden, Aargau, and the online casino jackpots.ch since 2002. Its subsidiary Gamanza Group programs software for the gaming industry, including GaminGenius, the leading software for online casinos in Switzerland.
In 2021, NKF has already advised Stadtcasino Baden on the sale of its stake in Casino Davos AG, the operating company of the Casino Davos.
The NKF team was led by Corporate/M&A partners Philip Spoerlé and Andrea Giger, working with associate Benedikt Hadorn and senior associate Katalin Siklosi (both M&A/Corporate) as well as partners Daniela Schmucki and Christina Rinne (both Tax), Adrian Koller (Finance) and Nicolas Birkhäuser (Antitrust/Competition), associate Daniela Lötscher (Employment), and junior associates Carlotta Ulmer and Alexander Züger (both M&A/Corporate).