30th of March 2011 Author: Ava Jackuard
Sazka had 10.5 billion crowns ($604.1 million) in debt as of September 2010
Last week a report came from the Czech Republic that its lottery operator Sazka applied for insolvency, which was this week approved by a Czech district court. It was also announced that the lottery's main creditors will meet on May 26.
The Czech sports unions-owned company allegedly had 10.5 billion crowns ($604.1 million) in debt as of September 2010, and one of its investors, financial group PPF, previously took over debt from Sazka's largest creditor, with an aim to coordinate steps with other creditors.
In addition to all this, at the beginning of the year, Sazka also delayed part of a payment on its 2021 amortizing bond, paying it later, but nevertheless losing its Standard and Poor's rating.
Bingo Society News General Bingo News
11th of May 2011
1st of June 2011
16th of December 2018
25th of October 2018
19th of October 2018
18th of October 2018
17th of October 2018
16th of October 2018
15th of October 2018
Join now for full access to our online casino forum/chat plus receive our newsletter with news & exclusive bonuses every month.
Disclaimer Contact Us Privacy Terms and Conditions Gambling Help About Us Site Map Trusted Portals
LatestBingoBonuses.com © 2006-2018
Enter your email adress:
T&C's Apply. 18+
Do not show this again
You have been successfully subscribed to receive LBB newsletter!