Czech magnate Karel Komarek’s Sazka Group has shown an interest in securing the operating license for the UK’s National Lottery.
Presently under discussion
Czech-owned Sazka Group, noted for its successful lottery franchises across Europe, is apparently thinking about dealing with the United Kingdom National Lottery once the operating license renews.
The present franchise gets attention due its attractive proposition, raking in additional than £14bn ($18.1bn) in bets across its lottery and sports betting outlets in 2018. The lottery is presently run by Canada-based Camelot, the same company which has held the license since its launch in 1994.
With the license up for renewal in 2023, Sazka group isn’t the only real interested party. Potential lines of inquiry came from Mister Richard Branson, who founded Virgin, and Northern & Covering owner Richard Desmond.
The United Kingdom Gambling Commission (UKGC) has hired investment bank Rothschild & Co to construct a package for serious interested bidders to review. The start of the process will be announced shortly.
Sazka has an established track record
The Sazka Group has a previous history of operating lottery franchises in countries such as Italy, Austria, Greece, and the Czech Republic. They also operate the popular Health Lottery in the United Kingdom.
The website describes the organization as “the continent’s largest and most successful lottery operator.” They are members of the KKCG investment portfolio established by Czech Karel Komarak who made his fortune in gas and oil.
A spokesperson for the group stated: “Sazka Group is aware of the upcoming license competition for the UK National Lottery. Once the Gambling Commission has announced the terms and conditions for bids, we will evaluate them to determine the Sazka Group response.”
Camelot may still come out swinging
The United Kingdom National Lottery franchise is presently held by Canadian brand Camelot who has won the last three license bids.
National Lottery Chief executive officer Nigel Railton helped the organization launch a proper review in 2017 that centered on re-energising the company. Since that time, the organization has witnessed growing sales of lottery tickets and scratch cards as around 80 million players spent greater than £14bn ($18.1bn) in 2018.
Around £865m ($1.118bn) was elevated as lottery duty this past year for that government. Camelot is presently of the Ontario Teachers’ Type Of Pension.
It’s formerly held off bids from the kind of Mister Richard Branson, however it appears that there’s more competition around the cards with this latest round.
Australian giant Tabcorp has additionally proven indications of putting its hat in to the lottery franchise ring. It’s presently the biggest lottery company around Australia and former co-who owns Sun Bets, presently worth £5bn ($6.53bn) on the stock exchange.
A version of this story originally appeared here.
For instant local lottery results, and to play the lottery online, visit https://play.lottery.com.