!!!Spielbanken

Casinos: Gambling has a very long tradition in Austria (esp. in 
Karlovy Vary, Czech Republic (then Karlsbad), Baden, Lower Austria). 
The development of seaside baths on the Austrian Adriatic coast at the 
beginning of the 20%%sup th/%  century led to the foundation of 
licensed casinos, modelled after those in Monte Carlo, in places such 
as Abbazia, Porto Rose, Grado and Mendel bei Bozen (South Tyrol) from 
1911-1913. The Oesterreichische Casino AG was founded with four 
casinos (Semmering, Baden, Salzburg and Kitzbuehel) in 1934; the 
casino in Bad Gastein was opened in 1937. Closed by the Nazi 
authorities in 1938, the first casinos were allowed to re-open in 
1950. The economic development of Oesterreichische Casino AG, at first 
burdened by deficits, only changed when the company was taken over by 
the Oesterreichische Spielbanken AG, founded in 1967, (today  Casinos 
Austria AG), which has followed a constant upward trend in its 
business activities since 1968.


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[Back to the Austrian Version|AEIOU/Spielbanken|class='wikipage austrian']
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