CMS advised ACE SWISS Group on the sale of a majority stake in Casinò Locarno to Stadtcasino Baden AG

Zurich, 22 September 2022

The ACE SWISS Group has sold a majority stake of 81% in Casinò Locarno SA to Stadtcasino Baden AG and will retain a 19% stake.

Besides Caisnò Locarno, the ACE SWISS Group operates Casino ADMIRAL in Mendrisio. In addition, it also holds minority stakes in other leading Swiss casinos: Casino Bad Ragaz, Casino Interlaken, and Stadtcasino Baden.

Under the changed ownership structure, Casino Locarno will submit its application for a B licence at the existing location as part of the reallocation of casino licences.

A team led by Stefan Brunnschweiler and Alain Raemy provided comprehensive legal advice to ACE SWISS Group in connection with the transaction.

CMS Switzerland

• Stefan Brunnschweiler, Lead, Partner, Corporate / M&A
• Alain Raemy, Partner, Corporate / M&A
• Mark Cagienard, Partner, Tax
• Marquard Christen, Partner, Competition & EU
• Anna Mast, Associate, Corporate / M&A
• Nadine Keller, Trainee, Corporate / M&A