Tag Archives: Czech Rep

Czech gambling reforms brightened by ‘bank-ID’ approvals 

Czech Republic gambling stakeholders hope that the government will proceed with regulatory adjustments to banking and customer verification requirements that will allow for a smoother market entry.  Following 2017 amendments to the ‘Czech AML Act’ in connection with the implementation of a new ‘Czech Gambling Act’ – the Ministry of Finance enforced the requirement for operators to impose ‘face-to-face’ customer …

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Heavy-duty Casinos Austria integration dominates SAZKA Q3 trading

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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SAZKA faces scrutiny following appointment of Flint Global as National Lottery advisor

SAZKA Group has hired London public affairs consultancy Flint Global to serve as a ‘special advisor’ as the Czech gambling conglomerate bids to become the new operating firm of the National Lottery in 2023. This story featured in today’s SBC News 90. To view the latest round-up, watch today’s edition here. Co-founded by Sir Simon Fraser, the former Head of the …

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Mateusz Juroszek – Non-stop STS will expand amid industry disruptions

Mateusz Juroszek, owner and Chief Executive of STS, Poland’s biggest bookmaker tells SBC that his company is coming out of lockdown stronger having completed key management objectives in expanding the firm’s proprietary technology capacity acquiring long-term Czech IT partner Betsy.   Accelerating STS European expansion projects and initiatives, Juroszek states that his firm will be the one-to-watch for the remainder …

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SIS lands exclusive Czech and Hungarian racing deals

SIS will expand its racing broadcast and data gathering services within Eastern Europe after confirming that it has secured new agreements with the Czech Republic’s LAB racetrack operator and Hungary’s Kincsem Park racecourse. The new partnerships will see SIS broadcast ‘at least 300 races across the year’ from LAB Czech racecourses in Prague, Most, Pardubice, and Karlovy Vary regions.  Meanwhile, …

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SAZKA confident of European comeback as assets weather COVID-19 storm

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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Fortuna completes Playtech IMS upgrade for Polish profile

Leading CIS markets bookmaker Fortuna Entertainment has completed the full migration of its Polish sportsbook property onto the Playtech ‘IMS platform’. Optimising its group omni-channel capacities, Fortuna has sanctioned Playtech to deploy new systems integrations across its active market portfolio, which sees Poland join Fortuna’s home markets Slovakia and the Czech Republic in upgrading to IMS.  Completing its Polish deployment, …

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SAZKA CEO confirms 2020 National Lottery bid

SAZKA Group Chief Executive Robert Chvátal has confirmed that the growth-hungry gambling conglomerate will launch an official 2020 bid competing to win the UK’s fourth National Lottery contract starting in 2023. Stating SAZKA’s intent, Chvátal underlined that ‘investing in the UK is the next stop’, following a busy 2019 in which the Czech gambling fund secured majority shareholdings in OPAP …

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SAZKA confirms OPAP takeover intent

OPAP Q3 bounce back hurt by continued lottery declines

Czech gambling conglomerate SAZKA Group has clarified its intentions to secure ‘full control’ of Athens-listed OPAP SA, Greece’s largest lottery and sports betting operator. On Monday, the Athens Securities Exchange temporarily suspended OPAP’s listing, announcing that the gambling group anticipated a ‘major imminent corporate event’. This morning, Reuters disclosed that SAZKA governance had submitted a formal Athens Exchange filing detailing …

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Athens suspends OPAP listing on speculation of SAZKA takeover

The Athens Securities & Exchange Commission has this morning moved to temporarily suspend the listing of OPAP SA, in light of speculation of a ‘major imminent corporate event’. Greek business news sources this morning report that Czech gambling conglomerate SAZKA Group seeks to significantly expand its holdings in OPAP, the former state-owned enterprise and Greece’s largest lottery and sports betting …

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