Investment managers, Apollo Global, invested €500 million (US$591.7 million) in Pan-European lottery operator Sazka Group.
According to Sazka, the majority of the funds will focus on acquisition and growth opportunities in Europe and North America, according to Gambling Insider. The deal expects to close next year.
Sazka Group is part of the KKCG Group, whose founder Karel Komárek, serves as board chairman at Sazka. “In partnership with a strong U.S. investor, Sazka Group is well positioned to expand in Europe, the U.S. and other potential regions, continuing to focus on lottery and complementary gaming verticals,” Komárek said.
In October, Sazka Group said it had entered the race to be the new U.K. National Lottery licensee. The operator finished the Gambling Commission’s Selection Questionnaire in the first stage of the process. The company has also selected entrepreneur Sir Keith Mills to lead its National Lottery efforts.
