Czech Lottery Sazka Plans IPO To Fund Further Expansion

Czech Lottery Sazka Plans IPO To Fund Further Expansion

Czech lottery and gaming giant Sazka is considering an initial public offering (IPO) on the London Stock Exchange to help fund growth in its existing European markets and reach new ones.

Sazka, which has aggressively expanded its portfolio of lottery and gambling businesses in recent years, said it was considering a number of options to boost further expansion.

“Lotteries are in our DNA in all five countries where we operate. We believe in future growth via product innovations, customer experience in online as well as, when available, via further geographical expansion,” chief executive Robert Chvatal said in a statement.

“We are evaluating several options to support our growth, including an initial public offering,” he added.