1st of June 2011 Author: Glo Wood
Cash-strapped Czech state lottery attracts interest
Despite the fact that it has been forced to file for bankruptcy by its creditors, the Czech national lottery Sazka still seems to be attractive, as reports came this week that a bid has already been made for the cash-strapped company which now remains in the hands of bankruptcy administrator Josef Cupka.
Reportedly, the first bidder is the Czech Fortuna Entertainment Group, which has submitted its official offer for Sazka worth between CZK 2 billion and CZK 2.5 billion. It has also been specified that the sum depends on due diligence reviews of company assets, and that Fortuna is highly interested in any sale of Sazka's individual assets.
In addition, depending on the lottery revenues, the company will also pay annual contributions to sport associations in the amount of some CZK 300 million.
Bingo Society News General Bingo News
30th of March 2011
11th of May 2011
20th of April 2019
6th of March 2019
12th of April 2019
4th of April 2019
17th of February 2019
19th of February 2019
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 © 2006-2019
Enter your email adress:
T&C's Apply. 18+
Do not show this again
You have been successfully subscribed to receive LBB newsletter!