Slovak Gambling Firm Vix Sues State for Millions After Pandemic Losses

Vix, a gambling operator based in Žilina, Slovakia, is facing severe financial difficulties, reporting a sharp drop in revenue and accumulating substantial losses since 2022. The company claims that pandemic-induced lockdown measures were the primary cause of its downturn.

Last year alone, Vix recorded a deficit of 1.4 million euros. While the company's owners might consider ceasing operations, they are pursuing an alternative strategy: a lawsuit against the state. Through this legal action, Vix aims to recover millions of euros in damages.

Founded in 1992, Vix initially operated in the restaurant sector before expanding into the operation of slot machines within six months. Over the years, it grew into a significant player in the market, offering modern gaming machines, video games, and roulette. The company also highlighted its premium game systems and entertainment centers in select locations.

Beyond its core gambling business, Vix operates a fitness center under the same name and sponsors sports clubs. In the previous decade, the company's revenues hovered around 22 million euros, peaking in 2017 at 27 million euros. The current legal battle represents a significant effort to recoup these losses and potentially secure the company's future.