Published
OnlineLand-BasedLotteryFinancialIndustry

Sazka Group to receive €500m Apollo investment

Pan-European lottery operator Sazka Group has secured an investment of €500m ($591.7m) from investment managers Apollo Global.

sazka

According to the operator, the majority of the funds will be utilised to “capitalise on acquisition and growth opportunities in Europe and North America.”

Although still subject to closing conditions and regulatory approvals, the transaction is expected to be completed next year.

Sazka Group is part of the KKCG Group, a company which also owns Aricoma Group, MND Group and US Methanol.

Karel Komárek, founder of KKCG and chairman of the board of Sazka Group, said: “In partnership with a strong US investor, Sazka Group is well positioned to expand in Europe, the US and other potential regions, continuing to focus on lottery and complementary gaming verticals.

“I am convinced that the gaming industry is one of the most promising sectors for the future and Sazka Group aspires to be a global player in this sphere.”

In October, Sazka Group announced it had entered the race to be the new UK National Lottery licensee.

The operator has completed the Gambling Commission’s Selection Questionnaire in the first stage of the tender process. The company has also appointed entrepreneur Sir Keith Mills as bid chair to lead its National Lottery efforts.

Premium+ Connections
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium Connections
Executive Profiles
Sightline Payments
Sightline Payments
TalkSport Bet
Kindred Group

Global Gaming Awards Asia: What to expect in 2023

Gambling Insider looks ahead to the Global Gaming Awards Asi...

The power of the rebrand

With the help of industry experts, Gambling Insider Editor T...

Evolution Europe CEO Gionata La Torre: The Italian job

Evolution Group’s new CEO Europe, sits down with Gambling...

Big Question: How can slots innovate from here?

Simon Hammon, CEO of Relax Gaming, Erkki Nikunen, Partner &...

Read Magazine

22 March, 2023

Asia bulletin: Bloomberry terminates deal to invest in PH Travel and Leisure

Bloomberry Resorts has terminated a deal sheet between itself and PH Travel and Leisure Corp, for a proposed investment in PH Travel and Leisure subsidiaries Lapulapu Leisure and Clark Grand Leisure Group.