Sazka might sell some its assets, says head of major shareholder

Pavel Kořan, the head of the Czech Sports Association that holds the largest stock in the troubled betting giant, Sazka, told Czech TV on Sunday the firm might sell some of its assets to improve its balance. A court in Prague launched insolvency proceedings against the firm that owes around ten billion crowns. Mr Kořan also believes the firm should a multi-purpose arena in Prague whose 2004 construction cost Sazka around eight billion crowns, along with other real estate property owned by the betting and lottery firm.

Author: Jan Richter