For immediate release
Vienna/Milan, 18 March 2010

CAI and Cogetech are delighted to announce their new joint venture in the video lottery gaming sector. The two partners are investing a total of around 40 million euro in the joint venture, which will be handled by a new company – Azzurro Gaming S.p.A. – based in Milan, Italy. CAI holds a 75% stake and Cogetech a 25% stake in Azzurro Gaming. The partners plan to open 15 to 20 video lottery gaming outlets in the area between Rome and the northern Italian border region over the next two years. Each outlet will take the form of a "mini casino" and feature between 50 to 150 video lottery terminals.

Fabio Schiavolin, CEO of Cogetech, said: “We are very pleased to have CAI on board as our trusted partner in this new venture, which holds significant growth potential for both companies. We are convinced that CAI’s worldwide experience in the casino sector will be of utmost value in this exciting, yet challenging project.”

Casinos Austria International CEO Paul Herzfeld added: “This new partnership is a great opportunity that allows us to further diversify our product portfolio. We look forward to working alongside COGETECH to launch our new Video Lottery outlets in the vibrant VLT market in Italy and benefitting from their expertise in this field.”

Italy is one of the most dynamic gaming markets in Europe and has continued to grow steadily in the last few years. The licensing of a restricted overall number of video lottery terminals paves the way for an attractive new form of gaming in the Italian market

About COGETECH
Cogetech S.p.A., with offices in Milan and Rome, is a market leader in the Italian online and landbased gaming industry. Established in 2004, Cogetech S.p.A. is one of the top players in the regulated gaming market in Italy, one of the top three markets in Europe. The company has more than 38,000 AWPs in 16,000 points of sale, operates sports betting and online poker facilities and also provides commercial and e-payment services.

About Casinos Austria International
Founded in 1977, CAI offers a unique portfolio of casino and gaming entertainment consulting, development, management and investment services. Together with its local partners, CAI currently operates 38 landbased casinos in 16 countries, 11 shipboard casinos, 15 slot parlors, a range of lottery products in Argentina, and the new online gaming platform CAIGAMES.COM. Together, the CAI group’s gaming entertainment operations feature over 750 gaming tables and 7,600 gaming machines.

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For further information, please contact:
Hermann Pamminger
Casinos Austria International
Corporate Head of Marketing
Phone: +43 1 534 40 524
hermann.pamminger@casinos.at

Media Relation
Cogetech S.p.A.
Phone +36 6 6839 5053
ufficiostampa@cogetech.it