wynnbet review Pan-European lottery and sports betting giant Sazka Group saw its

wynnbet review Pan-European lottery and sports betting giant Sazka Group saw its

wynnbet review Pan-European lottery and sports betting giant Sazka Group saw its revenue rise significantly in 3Q2020 as a result of the acquisition of Casinos Austria previously held by Novomatic Group, the company’s financial results show. Sazka Group increased its ownership in the Austrian gaming corporation to 55.48% in June this year..Sazka Group’s consolidated gross gaming revenues (GGR) surged by 66% to €769 million in the three-month period ending September 30 compared to the same period last year. The report highlighted that GGR would have grown by 1% from €463 million in Q3 2019 to €465 million in Q32020 without Casinos Austria’s contribution. .In July, Casinos Austria announced a restructuring plan aimed at saving €45 million of annual costs by FY22. The plan is underway and includes cutting inventory and personnel costs, optimizing operations and removing redundancies, among others..Covid-19 restrictions, which impacted some of the company’s land-based businesses in Greece, Italy, Austria and internationally in H1, were eased at the end of Q2 and allowed the growth of these markets in Q3. Land-based businesses in the Czech Republic and Austria, which were not materially hit by Covid limitations in the first half of the year, have maintained their good performance.

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