Published
Land-BasedCasinoLotteryFinancialIndustry

Sazka Group revenue up 66% for Q3

Sazka Group revenue was up 66% year-on-year for the third quarter of 2020, to a total of €769m ($934.9m).

revenueup

Consolidated operating EBITDA also increased by 37%, to a total of €197m, while adjusted EBITDA was up 32% to €207m.

Consolidated profit after tax decreased by 33% year-on-year to €48 million.

Sazka said this was impacted by a €54m restructuring provision at Casinos Austria AG (CASAG), in which the company acquired an additional 17.19% stake in June. Sazka now holds a 55.48% stake in the casino company.

For the nine months to September 2020, gross gaming revenue totalled €1.42bn, a rise of 4% year-on-year. Excluding the purchase of CASAG shares, the company’s GGR decreased by 18% year-on-year – something Sazka attributed to the impact of the COVID-19 pandemic.

Adjusted EBITDA was €375m for the period, up 15% from 2019 levels, while profit after tax amounted to €90m, a rise of 58%. Again, excluding CASAG, profit actually fell by a total of 50%.

The operator said that despite restrictions impacting its land-based businesses in H1, bsusiness was allowed to recover in Q3 after limits eased. However, Sazka’s land-based business in Greece and Cyprus currently remains closed as a result of lockdowns.

Industry News Sponsor
Premium+ Connections
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
 
Premium
 
Premium
 
 
Premium Connections
Executive Profiles
Interblock
Caesars Entertainment
Pragmatic Play
Flutter Entertainment

Global Gaming Awards London: Who will win Executive of the year 2023?

Gambling Insider takes a look at the nominations list for 20...

CEO Special: Flutter International CEO Dan Taylor returning to roots

Flutter International CEO Dan Taylor meets Louis Thompsett t...

CEO Special: Light & Wonder Gaming CEO Siobhan Lane - optimising superpowers

Siobhan Lane, Light & Wonder Gaming CEO, speaks to Gambling...

CEO Special: Hoiana Resorts' Steve Wolstenholme – the travel man

Hoiana President & CEO Steve Wolstenholme talks to Gambling...

Read Magazine