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SAZKA Group Q3 and 9M Results and Update on Current Trading


SAZKA Group a.s. announces its financial results for the three months to 30 September 2020 and provides an update on recent developments and current trading.
Q3 2020 Financial highlights
- Consolidated gross gaming revenue increased by 66% year-on-year to €769 million. Excluding CASAG1, GGR increased by 1% year-on-year.
- Consolidated Operating EBITDA2 increased by 37% year-on-year to €197 million. Excluding CASAG, Operating EBITDA increased by 6%.
- Consolidated Adjusted EBITDA, which excludes certain one-off items, increased by 32% year-on-year to €207 million.
- Consolidated profit after tax decreased by 33% year-on-year to €48 million, impacted by a €54 million restructuring provision at CASAG. Excluding CASAG, profit after tax increased by 3% year-on-year.
9M 2020 Financial highlights
- Consolidated gross gaming revenue increased by 4% year-on-year to €1,421 million. Excluding CASAG, GGR decreased by 18% year-on-year due to the impact of COVID in the second quarter.
- Consolidated Operating EBITDA decreased by 15% year-on-year to €364 million. Excluding CASAG, Operating EBITDA decreased by 26% year-on-year.
- Consolidated Adjusted EBITDA, which excludes certain one-off items, also decreased by 15% year-on-year to €375 million.
- Consolidated profit after tax from continuing operations decreased by 58% year-on-year to €90 million. Excluding CASAG, profit after tax decreased by 50%.
Pro-rata LTM Q3 2020 highlights3
- Pro-rata LTM Adjusted EBITDA was €379 million.
- Pro-rata net debt / Adjusted EBITDA was 3.2x and Pro-rata priority net debt / Adjusted EBITDA was 0.5x at 30 September 2020.
Key strategic initiatives
- In July, the Supervisory Board of CASAG approved a plan to optimise the cost structure of the casino business in Austria. This plan is underway and expected to achieve c.€45 million of annual cost savings by FY22.
- In July and November, OPAP acquired additional interests in Stoiximan Group’s Greek and Cypriot business (“SMGC”), the leading online gaming business in Greece. OPAP now holds an 84.5% interest in SMGC.
- In November, KKCG and SAZKA Group announced that funds managed by affiliates of Apollo Global Management, one of the world’s leading investors in gaming, will invest €500 million in a newly formed holding company which will become the owner of SAZKA Group at a valuation of €4.2 billion.
Trading update
- Restrictions which had impacted some of our land-based businesses (in particular, in Greece, Italy and our casinos in Austria and internationally) in H1 were lifted at the end of Q2, and sales of these businesses recovered well in Q3.
- Our land-based businesses in the Czech Republic and Austria, which were not materially impacted by restrictions in H1, have continued to perform well.
- Online sales, which increased significantly during the period most impacted by COVID, have generally remained at these higher levels.
- Since late October/early November, there has been a second wave of COVID restrictions, having some impact on our businesses.
- The vast majority of the land-based POS of our businesses in the Czech Republic, Austria and Italy remain open and continue to sell our products.
- The majority of the POS in these locations are located in shops and other outlets which provide essential products and services which therefore remain open. These include tobacconists, supermarkets and petrol stations.
- Our land-based business in Greece and Cyprus as well as our casinos have been more affected by the current lockdown and are currently closed.
Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: SAZKA Group Q3 and 9M Results and Update on Current Trading

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ZITRO TO PRESENT A BOOM OF NEW GAMES IN TORREMOLINOS
Zitro is set to make a big impact at this year’s “Expo Congreso Andaluz del Juego-Luis Escribano”, which will be held in Torremolinos on September 17 and 18.
The company will showcase, for the first time in Spain, new titles for its GLARE and CONCEPT platforms, designed to maximize profitability for gaming halls and offer unparalleled gaming experiences.
Among the releases to be announced are games such as King Fu Frog, Cash Totems, Lucky Vault, Devil’s Link, Fortune Legacy, and Wonder Dream, alongside well-established titles like Triple Charm Journey and Legendary Sword, a game that has demonstrated an outstanding performance in the market. Each of these titles includes innovative features and has been designed to deliver unique gaming experiences, transforming the offerings of Spanish gaming halls.
“Expo Congreso de Torremolinos has always been a key event for Zitro, but this edition will be particularly significant for everyone. We are bringing a lineup of games debuting in Spain that are building anticipation and will undoubtedly set trends in the market. We invite everyone to visit our stand and discover the latest innovation and entertainment”, said Albert Zorrilla, General Manager of Zitro in Spain.
The post ZITRO TO PRESENT A BOOM OF NEW GAMES IN TORREMOLINOS appeared first on European Gaming Industry News.
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Revolver Gaming Unveils Pyramid of Ra – A Groundbreaking Slot with the Industry’s First Triangular Reels
Revolver Gaming is proud to announce the launch of Pyramid of Ra, an industry-first slot title that brings a revolutionary triangular reel configuration to the iGaming world.
Set against the mystical backdrop of ancient Egypt, this highly innovative release is packed with cutting-edge features and designed to deliver a fresh, engaging, and unforgettable experience for players.
A Story of Power, Mystery, and Riches
In Pyramid of Ra, players are drawn into the world of Egypt’s most powerful deity, where the pyramid’s triangular structure comes alive as the reels themselves. This striking new layout not only sets the title apart visually but also creates a dynamic style of play that keeps the action flowing with every spin.
Why Operators Should Take Notice
Pyramid of Ra is positioned as a flagship title for Q3 2025, combining unique mechanics with highly marketable features that make it stand out in every lobby. Revolver Gaming recommends operators place the game at the top of their New Games category to capture immediate attention and maximise early traction.
Operators wishing to launch Pyramid of Ra or arrange special positioning are encouraged to get in touch with the Revolver Gaming team for setup and support.
Official Release Date
The game goes live globally on 22 September 2025, with multiple RTP variants and configurations available to suit diverse market needs.
Ryan Lazarus, Director of Partnerships at Revolver Gaming, commented: “Pyramid of Ra represents everything we strive for at Revolver – innovation, excitement, and player-first design. The triangular reel mechanic is a true industry-first and sets a new benchmark for creativity in slot games. We’re confident this release will not only delight players but also deliver strong results for our operator partners.”
Play the demo after release at revolvergaming.com/game/pyramid-of-ra/
The post Revolver Gaming Unveils Pyramid of Ra – A Groundbreaking Slot with the Industry’s First Triangular Reels appeared first on European Gaming Industry News.
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Aston Villa Foundation to partner with Kaizen Foundation
The Aston Villa Foundation is pleased to partner with the Kaizen Foundation on the development of the ‘Play it Forward’ project.
The project, previously known as the ‘Playzones Programme’, will tackle inequalities in physical activity and access to facilities by funding community-led spaces.
With additional support and funding provided by the Football Foundation, the Premier League, the Professional Footballers Association, and Birmingham City Council, Kaizen Foundation will support 350 additional hours of activity to take place on outdoor mini pitches in lower socio-economic areas across Birmingham.
Kaizen Foundation funding will also contribute to the long-term sustainability of seven custodian organisations working in the heart of these areas. These organisations can apply for small grants, managed by the Aston Villa Foundation, to cover equipment costs and provide relevant training and qualification opportunities for staff and volunteers.
The Aston Villa Foundation will offer the expertise of highly skilled professionals and experts from within their team around grants and fundraising, marketing and communications, governance, monitoring, evaluation and impact, health and safety, safeguarding, and risk management. In addition to off-site spaces, the development of the Warehouse space will see two multi-use games areas, managed by the Aston Villa Foundation, built on the current broadcaster’s area of the North Stand, acting as a functioning community space on non-matchdays.
The project aligns with the Aston Villa Foundation’s commitment to their work with children, young people, and young adults, both within the immediate areas around Villa Park and the wider Birmingham population, providing a holistic landscape of opportunities to support them on their life journey.
Guy Rippon, Head of Foundation and Community at the Aston Villa Foundation, said: “We at the Aston Villa Foundation are proud to be working with an internationally recognised organisation such as the Kaizen Foundation, to continue to positively impact the lives of young people in the local vicinity of Villa Park.
“The ‘Play it Forward’ project aligns with the Kaizen Foundation’s vision and mission and the connecting and supporting pillars of our own strategy. The community and charitable sectors in Birmingham are going through their toughest period in recent history, with vast funding cuts and community need at its highest. The ‘Play it Forward’ project will empower the voluntary and community sector with their own ambitions to grow as self-sustained organisations, as well as reduce the gap in young people’s access to physical activity spaces in urban environments.”
The Kaizen Foundation is a Social Purpose Organisation, funded exclusively by Kaizen Gaming, one of the biggest GameTech companies in the world. Its vision is to serve as a catalyst for positive change on a global scale in partnership with local communities, NGOs, and private and public institutions.
The Kaizen Foundation’s goal is to foster innovation and improve all aspects of people’s lives with a focus on Society, Education, and the Environment.
Panos Konstantopoulos, President of the Kaizen Foundation, said, “Play it Forward is about creating real opportunities where they are most needed. By investing in local organisations and young people, we are not just funding projects, we are helping build stronger, self-sustaining communities. As an international foundation, it is a privilege to combine our global perspective with the Aston Villa Foundation’s local expertise to deliver meaningful impact here in Birmingham and exactly where it is needed the most.”
The post Aston Villa Foundation to partner with Kaizen Foundation appeared first on European Gaming Industry News.
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