Tag Archives: Czech Rep

Allwyn SPAC merger faces slight delay in light of NYSE downturn

SBC News Allwyn SPAC merger faces slight delay in light of NYSE downturn

Dealmakers of Allwyn Group’s agreed SPAC merger with Cohn Robbins Holdings Corp (CRHC) have signalled that lottery conglomerate listing on NYSE will be temporarily delayed.  The transaction that was expected to be finalised during Q2, has been put back due to US stocks plummeting, amid fears of a pending global recession. The Times reports that “the transaction will now not …

Read More »

STS guarantees Betsys dividend ahead of WSE debut call 

SBC News 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 …

Read More »

Armenia gambling states no way back if advertising ban is enforced 

SBC News 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 …

Read More »

Fortuna confirms Per Widerström leadership departure

SBC News 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 …

Read More »

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

SBC News 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 …

Read More »

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

SBC News 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 …

Read More »

Sazka Entertainment appoints Lord Coe as first independent advisor

SBC News 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 …

Read More »

SAZKA counts costs of volatile 2020 trading

SBC News 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 …

Read More »

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

SBC News 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 …

Read More »

Winning Post: Playing it straight on black market threats

SBC News 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 …

Read More »