Tivoli, 22 March 2016
Tivoli A/S - Stock exchange announcement 6 – 22-03-2016 – Closure of international online casino
Tivoli A/S has decided to close its international online casino.
In 2012, Tivoli opened its Danish online casino and in 2014 also opened its international online casino. The Danish online casino has enjoyed continuous growth since it started, however as the international online casino has not achieved the Company's objectives, it will now be closed.
Tivoli's Commercial Director, Elisabeth Milton Hemmingsen explains: "Tivoli rapidly built up a significant market position for its Danish online casino. It was therefore natural to attempt to extend this Danish success story by establishing an international online casino. However, Tivoli's international online casino has not achieved the desired results. For instance, the deficit has been larger than expected since the start, and consequently, the international casino will now be closed and instead the resources will be focused on the Danish online casino."
The closure of the international online casino does not change the Company's expectations for 2016.
Yours faithfully,
Elisabeth Milton Hemmingsen
Commercial Director
Contact:
Vice President, Brand & Communications Dorthe Weinkouff Barsøe, +45 2223 7211/dwb@tivoli.dk
