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Fortuna bids for bankrupt Sazka’s lottery operations

1st June 2011 9:30 am GMT

With plans to launch its own lottery operations in the Czech Republic this year, Central European retail and online betting operator Fortuna Entertainment Group has made a takeover offer of between CZK2bn to CZK2.5bn (€81.5m - €101.9m) for the lottery business of bankrupt operator Sazka.

Fortuna said in a statement yesterday that it has submitted its official offer to take over Sazka’s lottery business to Josef Cupka, the bankruptcy administrator of Sazka.

Fortuna has offered between CZK2bn [...]

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