Home » today » Business » Sazka’s profit fell by 70 percent

Sazka’s profit fell by 70 percent

According to the company’s CEO Robert Chvátal, the measures mainly reflected measures against the spread of coronavirus.

According to him, the future impact of the measures on companies and the economy is difficult to predict. “But it is clear that the pandemic has allowed us to accelerate our strategy of increasing the share of online betting,” added Chvátal.

Sazka Group holds a 40 percent stake in the Greek betting company OPAP. It also has shares in the Czech company Sazka (100 percent), the Italian company LottoItalia (32.5 percent) and the Austrian Casinos Austria (55.58 percent). The 100% owner of the Sazka Group is the KKCG group.

Last year, the group increased its net profit by 35 percent year-on-year to 311 million euros (8.3 billion crowns). Gross revenues from accepted bets increased by six percent to 1.91 billion euros (50.9 billion crowns).

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.