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Football, baseball, basketball, hockey, rugby, cricket and more all have games available for betting. They also offer virtual sports betting, where players bet on computer-simulated events. EPH reported earnings before interest, tax, depreciation and amortisation of 4.3 billion euros for 2022. Companies under Kretinsky’s control or joint control had core operating profits (EBITDA) of more than 9 billion euros last year and assets of more than 80 billion euros, an EPH spokesperson said.

“He’s decided to accelerate this development in France, which is all the more interesting for him as he’s a francophone and a Francophile,” said Denis Olivennes, Kretinsky’s right-hand man in France. “He’s combining business with pleasure.” The 2016 takeover of Vattenfall’s German mines and 8,000 megawatt coal power plants is one example, where Kretinsky received 1.7 billion euros ($1.8 billion) in cash to buy the assets and the Swedish group booked a large loss on the deal.

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It is run by a loyal inner circle of managers, some with small equity stakes. Kretinsky’s Prague-based holding firm employs around 250 people, with only a small plaque to signal its presence on the appropriately-named boulevard-style Paris Street. He is also facing political headwinds in his quest to buy Atos’ legacy operations in France and failed to win the auction for German utility Steag earlier this year, sources with knowledge with the situation said.