Creditors approve bankruptcy of Czech lottery firm Sazka.

(From Czech News Agency)

Adds new info throughout. -------------------- Prague, May 27 (CTK) - A creditor meeting today decided to send Czech lottery company Sazka into bankruptcy and the City Court in Prague confirmed the move. By approving the bankruptcy, Sazka board of directors is losing the right to handle the company's assets which will now be administered by an insolvency administrator. The KKCG and PPF groups, which pushed through the bankruptcy, said they want Sazka to continue its activities, but not with the current management. Sazka was declared insolvent at end-March. The bankruptcy will take effect through publication in the insolvency register, which should be …