Czech lottery and betting operator Sazka Group saw its profits jump by more than one-quarter in the first nine months of 2019 and are poised to jump even higher in the new year following an acquisition spree.

On Monday, Sazka released its financial results for the nine months ending September 30, during which gross gaming revenue from continuing operations rose 6.4% to €1.37b, earnings jumped 18.5% to €429.6m and after-tax profit spiked 28% to €217m.

Sazka also booked profit of nearly €293m from the disposal this March of its Croatian gaming operations, including the market-leading SuperSport business. The disposal came after Czech investment group KKCG acquired the 25% of Sazka controlled by fellow Czech investors Emma Capital, which received the Croatian operations as part of the transaction.

Numerical lottery operations in Austria, the Czech Republic, Greece and Italy continue to generate the bulk of Sazka’s net gaming revenue, although the segment was relatively flat year-on-year at €515m. Instant lotteries fared better, rising 12% to €76.2m.