Tag Archives: Czech Rep

STS guarantees Betsys dividend ahead of WSE debut call 

STS Holding has revealed that it has received a dividend of PLN 13.3 million (€2.8m) related to the performance of its tech subsidiary Betsys. Providing investors an update on Betsys performance, STS disclosed that, during 2021, its tech unit had grown in EBITDA to PLN 21.8 million (€4.6m), up 50% on FY2020 corresponding results of PLN 14.5 million. Profits generated …

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Armenia gambling states no way back if advertising ban is enforced 

Armenian gambling stakeholders have warned of dire consequences should the National Assembly approve Finance Minister Armen Hayrapetyan’s amendments to the federal Advertising Law – imposing a near blackout on gambling advertising.  Concerns have heightened as last week 56 MPs voted in favour of Hayrapetyan’s amendments casting preliminary votes to amend the nation’s  Advertising Law (versus 8-against), that will see gambling …

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Fortuna confirms Per Widerström leadership departure

The board of Fortuna Entertainment has confirmed that Per Widerström has chosen to end his seven-year tenure as Chief Executive of the Central and Eastern European (CEE) betting group. David Vaněk, General Manager of Fortuna Entertainment’s Czech unit, has been named as the formal successor of Widerström, who will take charge of group leadership on 1 March. Issuing a personal …

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Fortuna rolls out OpenBet’s SportsCast content in key European markets

Central and Eastern European omnichannel betting group Fortuna Entertainment has gone live with content from OpenBet’s SportCast business. The rollout extends across its online and retail operations within a host of key European markets. As part of the new deal, Fortuna has deployed SportCast’s accumulator service, BetBuilder, which allows consumers to build their own bets within a single event across …

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Betsys lauds consecutive listing as Deloitte ‘Fast-50’ CE enterprise

Betsys, the technology unit of STS Group, has been recognised by global auditing group Deloitte as one of the fastest-growing tech companies operating in Central Europe. For a second consecutive year, Prague-based Betsys has ranked in Deloitte’s “Fast 50 Tech” index for Central Europe, listed as 39th amongst the fastest growing enterprises of Europe’s most dynamic tech scene.  The Deloitte …

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Sazka Entertainment appoints Lord Coe as first independent advisor

Sazka Entertainment has appointed four-time Olympic medalist Lord Sebastien Coe to its Board of Directors. Lord Coe is the current President of World Athletics and was instrumental in London’s bid to host the 2012 Olympic Games. He began his role as a non-executive director of the Pan-European lottery operator on Tuesday. Despite UK subsidiary Allwyn competing to win the UK government’s Fourth …

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SAZKA counts costs of volatile 2020 trading

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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Vodafone backs Allwyn to be the National Lottery’s next steward

Telecoms giant Vodafone has backed the Allwyn bid to win the UK government’s Fourth National Lottery Licence competition. Vodafone has committed to serve as ‘connectivity partner’ of Allwyn’s National Lottery tender, helping digitise the National Lottery’s operations and services for a new generation of customers. Allwyn, the new British venture of Czech gambling conglomerate SAZKA Group, branded Vodafone’s backing as …

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Winning Post: Playing it straight on black market threats

Regulus Partners sets the record straight on how betting incumbents should represent black market threats, where the emphasis should be placed on understanding player habits and protecting integrity over market size impacts.   Whenever a regulator or government seeks to make ‘illiberal’ changes to gambling policy, the dangers of a black market will almost inevitably be wheeled out in evidence …

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NHL nets first European betting partnership with Tipsport

The NHL has licensed Tipsport as its first European sportsbook partner, allowing the Czech betting group to utilise its official brand logo and matchday data. The partnership will see Tipsport serve as the NHL’s ‘official betting partner’ for the markets of the Czech Republic and Slovakia. Recognised as the Czech Republic’s largest betting agency, Tipsport will be allowed to promote …

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