CZECH

Czech lottery operator Sazka calls off UK IPO

Sazka had planned to list in the capital as part of a major assault on the UK lottery market, according to people familiar with matter. But the Press Association reported that Sazka had put its UK floatation plans “on hold for the time being due to a number of uncertainties,” according to a company statement.

“Sazka Group has put its IPO plans for the London listing on hold for the time being due to a number of uncertainties, including those caused by the volatile market environment,” the company said in an emailed statement to PA.

Sazka is owned by Czech investors Karel Komarek’s KKCG group and Jiri Smejc’s EMMA Capital. Sazka has a significant lottery, betting and casino presence in Austria, Croatia, Cyprus, the Czech Republic, Greece and Italy. Sazka reported revenue of €297m (+8%) in the first quarter of 2018, while operating earnings improved 15.5% to €127m and after-tax profits rose more than one-quarter to €64m.

 

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