Sazka Entertainment Goes Public on NYSE: A Strategic Leap Towards Global Lottery Dominance

The European lottery powerhouse, Sazka Entertainment, is making its debut on the New York Stock Exchange! Through a merger with the NYSE-listed Cohn Robbins Holdings Corp (CRHC), Sazka is estimated to be worth an impressive $9.3 billion.

Karel Komárek, Sazka’s Chairman and the visionary leader behind their primary shareholder, KKCG, believes this to be a transformative event, unlocking significant potential for the company.

Their appeal is undeniable when considering their performance: €160 billion (equivalent to $180 billion!) in lottery transactions across their network in the twelve months preceding June 2021. Already prominent in Austria, the Czech Republic, Greece, Cyprus, and Italy, their future appears even more promising. Projections for 2022 include an adjusted EBITDA of approximately $810 million and net gaming revenue of roughly $1.7 billion.

Sir Keith Mills, Chairman of Sazka UK, aptly summarized the impact of this development: “The NYSE listing of Sazka Entertainment represents a pivotal moment for our parent company and underscores the strength of our brand and our upward trajectory.” He further emphasized Sazka’s forward-thinking strategy, highlighting their dedication to making lotteries more enjoyable and captivating for all.

Undoubtedly, Sazka is a company in motion, driven by aspiration and a zeal for sharing the thrill of the lottery globally.

Our proposal for the United Kingdom’s fourth National Lottery permit is already robust, but this collaboration elevates it significantly. Allwyn, our lottery associate, possesses a demonstrated history of ethical gaming practices, garnering them high praise from both the European Lottery Association and the World Lottery Association.”