Embattled bet-at-home AG has announced that it expects to recoup €11.4m in attributable income related to its discontinued Austrian business. Dire 2021 trading saw bet-at-home forced to exit Austria’s online gambling marketplace, having lost a long-standing legal dispute against customers who sought a reimbursement for ‘playing on an unlicensed website’. While the Austrian exit saw the firm wind-up its Malta …
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bet-at-home AG has temporarily discontinued its online casino from Austria as the DACH markets operator faces legal challenges from Austrian customers demanding reimbursement for their online casino taxes. The decision has been taken as bet-at-home continues to challenge Austria’s national gambling regime that dictates that online casino and poker be controlled by the government’s appointed concession of Casinos Austria. Notifying …
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SAZKA Group remains confident in its full-year financial outlook, as the enlarged Czech gambling conglomerate prepares for the full comeback of business units across European markets. Publishing its H1 2021 interim results (period ending 30 June), SAZKA recorded group revenues of €1.26 billion – up 96% on corresponding 2020 results of €652 million. Topline revenue growth was attributed to the …
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Speaking exclusively to SBC Leaders, Robert Chvátal reflects on his eight tenure leading SAZKA Group, transforming the Czech operator into Europe’s dominant pan-national lottery operator that now targets winning the National Lottery’s 2023 stewardship by putting forward a generationally innovative bid to reinvigorate the UK’s lottery market. ____________ SBC: Thanks for speaking with us. 2020 marked your eighth year of …
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SAZKA Group has reported a robust opening to its 2021 trading, despite the Czech gambling conglomerate continuing to observe COVID-19 headwinds across its European market profile. Publishing its Q1 trading results (period ending 31 March), SAZKA registered group gaming revenues (GGR) of €526 million – up 30% on corresponding 2020 results of €405 million. The firm’s improved GGR performance was …
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SAZKA Group said that it will demonstrate the corporate benefits of its transformed group strategy, which saw its enlarged company units interrupted by the unprecedented events of a volatile 2020. Publishing its full-year 2020 results, SAZKA group recorded ‘consolidated group revenues’ of €2 billion – up 6% on FY2019 corresponding results of €1.9 billion. However, excluding the performance of the …
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SAZKA Group wants to exploit the benefits of its expanded business entity, as the Czech gambling conglomerate returns to operating all business units having navigated 2020 Covid headwinds. Publishing its Q3 trading update (period ending 30 September), the firm told investors that an easing of Covid restrictions across European markets had seen it return to ‘normalised trading in markets and …
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Czech gambling conglomerate SAZKA Group has officially confirmed that it has entered the UK Gambling Commission’s (UKGC) competition for the 4th licence to operate the National Lottery. Since the UKGC published its competition timetable at the start of the year, SAZKA has long been viewed as a ‘National Lottery suitor’ seeking to win the multi £ billion operating contract from …
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Citing novel coronavirus impacts across its European network, Czech gambling and lottery conglomerate SAZKA Group saw its consolidated Q1 revenues decline by 11% to €405m (Q1 2019: €458m). In an overview of Q1 performance, the group cited trading under unprecedented circumstances, in which subsidiaries OPAP Greece, Casinos Austria and LOTTO Italia have been forced to suspend their entire retail presence …
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Czech gambling conglomerate SAZKA Group has agreed to terms on a ‘cooperation agreement’ with Austrian state fund Österreichische Beteiligungs (ÖBAG) related to the ownership structure of Casinos Austria. ÖBAG had come under fire from Austrian political parties for not using its ‘pre-emption rights’ to challenge SAZKA’s bid to secure a majority +50% stake in Casinos Austria. Last summer, maintaining a 37% …
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