William Malcolm

Sazka Group Sees Net Profit Drop 28%

The net profit of the Sazka Group from the KKCG group of entrepreneur Karel Komárek fell by 28 percent year-on-year last year to 224 million euros (5.8 billion crowns). Gross revenues from accepted bets increased by six percent to 2.02 billion euros (52.3 billion crowns). The company announced this on its website today.

“I am pleased to say that our group performed strongly in an unstable year. We have proven to be well-positioned to handle extreme conditions. We benefit in particular from a diverse range of products, sales channels, or geographical exposure,” said Robert Chvátal, CEO.

According to him, the autumn restrictions due to measures against the spread of coronavirus affected the company’s management much less than in the spring. “Italy remained open, and our online platforms benefited from the launch of new products,” added Chvátal.

Last autumn, Sazka Group announced that it was applying for a license to operate the British national lottery. The British businessman Keith Mills became the chairman of the British selection team, who played a vital role in the fact that London won the hosting of the 2012 Olympic Games.

Sazka Group wholly owns the Czech company Sazka and has stakes in other European betting companies. Last June, it became the majority owner of the Austrian lottery company Casinos Austria, which increased its stake to 55.48 percent. Sazka Group also owns 40 percent of Greece’s largest betting company OPAP and 32.5 percent in Italy’s LottoItalia.