Debt claims of $859 million for Czech lotto firm

News on 14 May 2011

Josef Cupka, the bankruptcy administrator overseeing Czech lottery company Sazka’s debt claims has recognised CZK 14.7 Billion ($859 million) in claims from creditors, reports Reuters.
Sazka became insolvent in March this year and has had its gaming licence temporarily suspended by the Czech Finance Ministry , a ruling it is appealing.
Cupka has reportedly rejected claims worth 17.15 billion crowns, and requested further information on another 9.27 billion worth of claims.

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