Gambling Spin The Wheel

Posted By admin On 08/04/22

The Covid casino has produced winners and losers among Europe’s high yield gaming firms, with lottery firm Sazka securing a fat equity cheque from Apollo, while Codere has some worried that its restructuring, wrapped up in October, did too little to cut its debt burden.

Sazka announced on Wednesday morning that it had taken €500m of investment from Apollo Global Management, valuing it at €4.2bn, and leaving most of it in the hands of Czech billionaire Karel Komárek, through his investment vehicle KKCG.

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Gambling Spin The WheelThe company owns the Czech national lottery and substantial stakes ... Gambling Spin The Wheel

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