Central Europe
SAZKA Group Q3 and 9M Results and Update on Current Trading

SAZKA Group a.s. announces its financial results for the three months to 30 September 2020 and provides an update on recent developments and current trading.
Q3 2020 Financial highlights
- Consolidated gross gaming revenue increased by 66% year-on-year to €769 million. Excluding CASAG1, GGR increased by 1% year-on-year.
- Consolidated Operating EBITDA2 increased by 37% year-on-year to €197 million. Excluding CASAG, Operating EBITDA increased by 6%.
- Consolidated Adjusted EBITDA, which excludes certain one-off items, increased by 32% year-on-year to €207 million.
- Consolidated profit after tax decreased by 33% year-on-year to €48 million, impacted by a €54 million restructuring provision at CASAG. Excluding CASAG, profit after tax increased by 3% year-on-year.
9M 2020 Financial highlights
- Consolidated gross gaming revenue increased by 4% year-on-year to €1,421 million. Excluding CASAG, GGR decreased by 18% year-on-year due to the impact of COVID in the second quarter.
- Consolidated Operating EBITDA decreased by 15% year-on-year to €364 million. Excluding CASAG, Operating EBITDA decreased by 26% year-on-year.
- Consolidated Adjusted EBITDA, which excludes certain one-off items, also decreased by 15% year-on-year to €375 million.
- Consolidated profit after tax from continuing operations decreased by 58% year-on-year to €90 million. Excluding CASAG, profit after tax decreased by 50%.
Pro-rata LTM Q3 2020 highlights3
- Pro-rata LTM Adjusted EBITDA was €379 million.
- Pro-rata net debt / Adjusted EBITDA was 3.2x and Pro-rata priority net debt / Adjusted EBITDA was 0.5x at 30 September 2020.
Key strategic initiatives
- In July, the Supervisory Board of CASAG approved a plan to optimise the cost structure of the casino business in Austria. This plan is underway and expected to achieve c.€45 million of annual cost savings by FY22.
- In July and November, OPAP acquired additional interests in Stoiximan Group’s Greek and Cypriot business (“SMGC”), the leading online gaming business in Greece. OPAP now holds an 84.5% interest in SMGC.
- In November, KKCG and SAZKA Group announced that funds managed by affiliates of Apollo Global Management, one of the world’s leading investors in gaming, will invest €500 million in a newly formed holding company which will become the owner of SAZKA Group at a valuation of €4.2 billion.
Trading update
- Restrictions which had impacted some of our land-based businesses (in particular, in Greece, Italy and our casinos in Austria and internationally) in H1 were lifted at the end of Q2, and sales of these businesses recovered well in Q3.
- Our land-based businesses in the Czech Republic and Austria, which were not materially impacted by restrictions in H1, have continued to perform well.
- Online sales, which increased significantly during the period most impacted by COVID, have generally remained at these higher levels.
- Since late October/early November, there has been a second wave of COVID restrictions, having some impact on our businesses.
- The vast majority of the land-based POS of our businesses in the Czech Republic, Austria and Italy remain open and continue to sell our products.
- The majority of the POS in these locations are located in shops and other outlets which provide essential products and services which therefore remain open. These include tobacconists, supermarkets and petrol stations.
- Our land-based business in Greece and Cyprus as well as our casinos have been more affected by the current lockdown and are currently closed.
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Central Europe
WinCasino debuts in Warsaw with a new flagship venue

WinCasino network has officially launched its newest casino in the heart of Warsaw, marking a significant expansion of the Polish casino chain. Located at 40 Smolna Street, within the elegant interiors of Hotel Indigo near the De Gaulle Roundabout, the venue brings over 100 new jobs to the capital and introduces a new premium destination to Warsaw’s gaming and entertainment scene. This is the fifth WinCasino in Poland and the first casino to open in Warsaw in nearly two decades under a new license. Developed by the Wintoro company with an investment of approximately 5 million euros, the Warsaw casino is the largest and most exclusive venue in the WinCasino network.
“This is our fifth casino in Poland, but undoubtedly the most important and prestigious one. We wanted to create a space that offers top-tier gaming while also setting new standards in guest experience — from interior design to customer service. WinCasino Warsaw is part of a broader strategy to integrate casinos into the urban landscape and to redefine them as modern social and entertainment venues. It’s an approach that, until now, has been more the exception than the rule in Poland. Guests nowadays are looking for unique, relaxing, high-end experiences. Our ambition is to meet those expectations and help shape the future direction of the industry in Poland” – comments Monika Paliwoda, CEO of E-fun, owner of Wintoro.
The WinCasino brand, over the past few years, has been steadily building its presence in Poland’s major cities, offering gaming that reflects the latest trends and meets the expectations of a quality-conscious clientele. As a result, the Warsaw-based WinCasino offers the most modern and exclusive VIP zones in Poland, designed for the most demanding players. It features the highest level of luxury, privacy and personalized service with limited yet automatic access control. Key highlights include Poland’s first gold gaming table and gold slot machines modeled on those in Monte Carlo casinos and developed specifically for this venue by Polish manufacturer Promatic, what underlines the luxurious character of the entire investment. In addition, the newest WinCasino in the capital of Poland is outfitted with wooden gaming tables from the renowned Italian brand Abbiati, a supplier to some of the world’s most prestigious. The venue also offers state-of-the-art slot machines, including Poland’s largest selection of VIP machines — featuring oversized monitors and surround-sound seats for a truly immersive gaming experience. WinCasino at Hotel Indigo in Warsaw also stands out with the largest slot machines in the country, each featuring dual 65-inch screens.
“Warsaw is a key market for us — demanding, yet incredibly inspiring. Opening the casino on Smolna Street is the result of long-term planning and a commitment to quality. We want everyone who visits our casino to feel like they’re in a place unlike any other — and to want to come back” – says Mariusz Grzejszczak, CEO of Wintoro.
WinCasino Warsaw operates under a license granted by the Polish Minister of Finance, following a competitive tender process and compliance with stringent regulatory standards. It
stands out for its atmosphere and carefully curated interior design, where modern aesthetics blend seamlessly with elegance and comfort. Clearly designated smoking and non-smoking areas, optimized acoustics, subtle lighting, refined materials, and spacious interiors create an environment friendly both to gaming and socializing. The overall concept draws inspiration from the standards of London, Singapore, and Las Vegas. One of key assets of the new casino is its location, right in the heart of the city, surrounded by renowned restaurants, clubs, and hotels. The casino is open 24/7, providing flexibility and access at any time of day or night. During their stay guests can enjoy a spacious bar offering a wide range of cocktails and premium beverages. A part of the infrastructure of WinCasino Warsaw is also parking for guests – which is a rarity in the city center locations in Warsaw.
The post WinCasino debuts in Warsaw with a new flagship venue appeared first on European Gaming Industry News.
Central Europe
Playzia Partners with Erwin to Accelerate Growth in German iGaming Market

Playzia, a rapidly growing force in the iGaming industry, has signed a significant partnership with Staatliche Toto-Lotto GmbH Baden-Württemberg’s slot brand erwin. This alliance will see Playzia’s cutting-edge games become available on another trusted platform, marking a major step forward in Playzia’s German expansion strategy.
“We’re thrilled to partner with erwin to introduce our extensive library of games to a broader audience. This market is strategically important to us, and through this collaboration, we aim to bring our signature game innovations and top-tier content to players who crave a high-quality, dynamic gaming experience,” said Vlad Modorcea, Chief Product Officer at Playzia.
Barbie Nerz, Head of Online Games at Staatliche Toto-Lotto GmbH Baden-Württemberg, said: “We’re happy to announce our new partnership with Playzia – their fresh and engaging games are a fantastic addition to our portfolio! This collaboration not only broadens our current offering but also ensures that our game selection stays dynamic and exciting going forward.
“With our dedicated slot vertical ‘erwin’, we provide iGaming fans with a safe, legal, and high-quality gaming experience. As player preferences and market trends continue to evolve, so does our portfolio – and we’re always looking ahead. That’s why we’re especially looking forward to welcoming popular titles like Red Envelope Riches, Billionaire Rhino, Billionaire Wolf, and Caishen’s Coins, alongside innovative new additions like Zeus’s Thunderstrike, T-Rex Treasure Hunt Megaways, Dwarves Treasure Race, and Knights the Siege to the ‘erwin’ platform soon.”
This latest agreement adds to a growing list of strategic partnerships Playzia has secured in the German market, as the studio deepens its commitment to localised growth and regulatory compliance. These key deals are also part of a calculated effort to build a strong, localised presence and align closely with regional player preferences.
Beyond Germany, Playzia continues to expand across other major regulated territories, including the UK, Greece, Brazil and Romania – with certifications underway for entry into the Netherlands, Sweden and Switzerland.
The post Playzia Partners with Erwin to Accelerate Growth in German iGaming Market appeared first on European Gaming Industry News.
Central Europe
Spielbanken Bayern and Stakelogic Launch brand new Live-Casino Offering

Pioneering the next chapter of regulated iGaming in Germany, Spielbanken Bayern and leading live-casino specialist Stakelogic have gone live with brand-new online live casino solutions.
On 28 May 2025, spielbanken-bayern-online.de rolled out a set of Automatic Roulettes. The launch marks the inaugural step in a phased roadmap that will soon see more Roulette and Blackjack.
Bavaria became Germany’s first state to introduce online live-casino games in April 2024. Since beginning 2025, Spielbanken Bayern has worked hand-in-hand with the Bavarian regulator and Stakelogic to craft a best-in-class solution that combines strict compliance with an engaging, secure, and reputable gaming offering.
Stephan van den Oetelaar, CEO at Stakelogic, added: “It is both an honour and a privilege to develop further with Spielbanken Bayern on Germany’s first legal online casino. The timeline was ambitious, but our combined teams delivered. In the coming months, we will continue to optimise and enrich the portfolio with additional premium content.”
This landmark collaboration cements Spielbanken Bayern’s position as Germany’s online live-casino trail-blazer while underscoring Stakelogic’s reputation for marrying regulatory rigour with next-generation player experiences.
The post Spielbanken Bayern and Stakelogic Launch brand new Live-Casino Offering appeared first on European Gaming Industry News.
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