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State lottery company raises stake in Budapest casino operator to 100%

State-owned lottery company Szerencsejátek said its wholly-owned unit SzRt-Service bought the remaining shares of Belvárosi Kaszinó, which operates Budapest's Tropicana casino, from Las Vegas Casino for a price of HUF 245 million, the same as the face value of the shares.

Szerencsejátek held 74.5% of Belvárosi Kaszinó and SzRt-Service owned 1% before the transaction.

Belvárosi Kaszino had a pre-tax loss of HUF 176 million on revenue of HUF 2.13 billion in 2009. (MTI – Econews)