US private equity fund Apollo Global has entered the pursuit of Australia’s highly prized TAB by tabling an initial AUS $4 billion (€2.5bn) offer to acquire the Tabcorp Holdings wagering unit. Apollo’s bid sees the US fund target taking control of Tabcorp’s wagering and media division and its further related ‘pokies’ machine subsidiary unit. A secondary offer of AUS 3.5 …
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Allwyn, the new UK corporate identity of Czech gambling conglomerate SAZKA Group, has confirmed that Twitter UK MD Dara Nasr has joined its advisory board to guide the firm’s strategy for the Fourth UK National Lottery Competition. Recognised as one of UK tech’s highest-profile executives, Nasr will serve as a strategic advisor on digital commercial strategies for Allwyn’s National Lottery …
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SAZKA Group has established ‘Allwyn’ as its new UK market corporate identity, as the Czech gambling conglomerate expands its efforts to win the fourth National Lottery licensing competition. This morning, SAZKA unveiled Allwyn as its new business subsidiary, merging all of its UK operations and assets under a single strategic unit. Allwyn has been added to SAZKA’s portfolio, which includes …
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Camelot UK has been urged to explain why it has taken out advertisements in Parliamentary magazine The House, promoting its business as the operating company of the National Lottery. Concerns were raised to the UK Gambling Commission (UKGC) by MPs Richard Holden and Carolyn Harris of the All Party Parliamentary Group on Gambling Related Harm (APPG). The MPs cited that …
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Brent Hoberman (CBE) has stated that the government faces a critical choice in revitalising the National Lottery by breaking its ‘current status quo’ – allowing a vital institution and funding resource to be modernised. Writing in City AM, the former founder of Lastminute.com remarked that any plans for the government to ‘level-up the UK’ would require significant help from the …
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Brent Hoberman (CBE) has become the latest business figurehead to join the ‘UK advisory board’ for SAZKA Group, providing support and guidance to Sir Keith Mills’ bid team competing to win the Fourth National Lottery Licence. Recognised as one of the UK’s most successful digital entrepreneurs, Hoberman will join SAZKA’s bid advisory chaired by former Sainsbury’s Plc chief executive Justin …
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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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SAZKA Group has announced four new executive hires bolstering its UK leadership team, as the Czech gambling conglomerate aims to win the Fourth National Lottery Competition. Having formally submitted its application to compete for the UK’s next 10-year National Lottery concession (starting 2023), this month SAZKA revealed that its bid team would be formally led by Sir Keith Mills, the …
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New York private equity fund Apollo Global Management has terminated its pursuit of a William Hill Plc buyout. This morning, Apollo stated that it would not disclose any formal bid for William Hill to rival the £2.9 billion cash offer made by Caesars Entertainment – a deal which has been accepted and recommended to shareholders by William Hill’s board of …
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SAZKA Group has accepted a €500 million ($590m) investment from New York private equity firm Apollo Global Management to advance its European and North American growth options. The transaction has been approved by SAZKA holding company KKCG AG, the investment fund of Czech billionaire Karel Komárek, who is the majority shareholder and Chairman of SAZKA Group. Apollo’s €500 million fund …
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