Betting company Synot cuts backing for Czech sports

Czech-based betting company Synot announced Thursday that it is ending its sponsorship of the top Czech football league. It will also terminates its sponsorship of first league clubs Sparta Prague, Jablonec, and the Nymburk basketball club as well as its wider support for the Czech Sporting Union. Synot said its move was prompted by changes in betting legislation which will cost it hundreds of millions of crowns. It would not be possible to support its Czech activities with earnings from foreign operations it added. Synot said it would continue supporting sport in other countries which provided a n environment for activities to prosper.