Stadtcasino Baden completed the acquisition of a 81% stake in Casinò Locarno from ACE SWISS.

Stadtcasino Baden, a casino, gambling, and restaurants provider, completed the acquisition of a 81% stake in Casinò Locarno, a casino in Locarno, Switzerland, from ACE SWISS, a business manager. Financial terms were not disclosed. "The long-standing employees of Casino Locarno as well as the region and its people are particularly important to us. We are also aware of Locarno's tourist importance for the whole of Switzerland. We are very pleased to have found a partner who shares these values ​​and who will shape Casino Locarno in the future as the new majority shareholder and will do his best to secure a new license," Dominik Racic, ACE SWISS Member of the management.