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COURT CONFIRMS CZECH LOTTERY INSOLVENCY
Posted 3/30/11 : National lottery operator Sazka had 10.5 billion crowns ($604.1 million) in debt as of September 2010.
A Czech district court has placed national lottery operator Sazka into insolvency after it applied last week.
A Reuters news agency report reveals that a meeting of Sazka's main creditors has been called for May 26.
Sazka is owned by Czech sports unions, and reportedly had 10.5 billion crowns ($604.1 million) in debt as of September 2010.
One investor, financial group PPF, earlier took over debt owed by Sazka from its largest creditor and planned to coordinate steps with other creditors, namely Czech investment group KKCG, the report notes.
In January this year Sazka delayed part of a payment on its 2021 amortising bond and lost its rating from Standard and Poor's, although the payment was made later.
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Amaya FY2016 Trading Update -
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LeoVegas To Sponsor Leicester Tigers -
The agreement includes official partner accreditation, media space at Welford Road stadium and matchday tickets and VIP hospitality as well as two pitchside perimeter boards from the 2017/18 season and one for duration of the 2016/17 season.
Optima Information Services iShop -
Industry visitors to the recent TVC Bookmakers Trade Fair in Solihull, UK were much taken by Spanish betting technology firm Optima Information Services' iShop product, and the company went on to win the SBC Best Retail Betting Product award with it last month.
CAGAYAN CHIEF MOVES TO REASSURE LICENSEES -
Apparently $4 million is going into improvements of the Authority’s data centre in the Freeport at Cagayan, whilst another $3 million has been earmarked for an upgrade to data infrastructure located outside the Freeport.
New Massachusetts Online Gambling Bill -
It seems that every two years (give or take a few months) Massachusetts state Senator Bruce Tarr flights an online gambling legalization bill in the state Senate.
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