Updating the market, Czech-based lottery firm Sazka Group has detailed that it may move for a London listing, in order to expand its European market growth ambitions.
The lottery group, owned by Czech investment firms’ KKCG Group and EMMA Capital has appointed investment banks Citigroup, Morgan Cazenove and Morgan Stanley as lead coordinators, but states that it has yet to make its final IPO decision.
“We are evaluating several options to support our growth, including an initial public offering,” Chief Executive Robert Chvatal detailed in Sazka’s corporate update.
To date, Sazka’s multi-market presence has seen the lottery operator record wagers of + €16 billion, servicing 62,000 sales points within Czech Rep, Italy, Austria and Cyprus. Chvatal and Sazka governance detail that the operator will seek to launch in new European markets, strengthening its commercial pipeline.
“We believe in future growth via product innovations, customer experience in online as well as, when available, via further geographical expansion,” Chvatal added.
The firm was formerly derived from the former Czech lottery monopoly Sazka. At present, Sazka governance has presented no timeline with regards to a potential London IPO.
In 2016, it bought a 32.5 percent stake in Lottoitalia, a joint venture with then Italian lottery monopoly Lottomatica. In Austria, Sazka has agreed to acquire an indirect 34 percent stake in Casinos Austria, still pending regulatory approvals, according to its website.