William Malcolm

Sazka Profits Quadruple In First Half Of 2021

The net profit of the betting company Sazka Group from the KKCG group of entrepreneur Karel Komárek in the first half of the year more than quadrupled to 177.1 million euros (4.5 billion crowns). Gross revenues from accepted bets increased by 94 percent to 1.27 billion euros (32.2 billion crowns). The company announced this on its website.

“I am pleased to announce that the Sazka Group performed well in the second quarter. We achieved this through our diverse range of products, sales channels, and geographic exposure, or the fast-growing online business,” said Robert Chvátal, CEO.

Especially in the first quarter, the company faced restrictions due to measures against coronavirus, when a large part of branches or casinos remained closed. “Performance after reopening has returned to the level before the covid. We are now above the levels of 2019,” added Chvátal.

In the second quarter, net profit increased eightfold year-on-year to 141.9 million euros (3.6 billion crowns). Gross revenues from accepted bets increased threefold to 740.1 million euros (18.8 billion crowns).

Sazka Group owns 100% of 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, when it increased its stake to 55.48 percent. Sazka Group also owns about 40 percent of Greece’s largest betting company OPAP and 32.5 percent in Italy’s LottoItalia.