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Fortuna Gambling Revenues Rising

Thursday March 6 ,2014 :  FORTUNA DOES WELL ON INTERNET BETTING
 
Online activity boosts profits at Czech gambling group.
 
Fortuna Entertainment Group, a Czech-facing online and land betting company has posted results better than analyst expectations of Euro 14.3 million, with net profit up 26.4 percent over the year to Euro 15.6 million, boosted significantly by online gambling operations.
 
The Reuters news agency reports that total amounts staked were also better than expectations, rising 21.2 percent to Euros 567.2 million.
 
Online sports betting gross win in 2013 increased by 35.3 percent to Euro 51.1 million from stakes of Euro 551.2 million, 22.9 percent more than in 2012. This impressive performance was positively driven by online segment growth in all markets where Fortuna operates.
 
Online betting expansion was supported by the further development of “live betting” and live streaming, which are becoming increasingly popular channels amongst Fortuna clients.
 
Total gross win reached Euro 116.5 million, an increase of 5.1 percent compared with 2012. Gross win from retail betting in 2013 amounted to Euro 57.8 million, and gross win from lottery was Euro 7.6 million.
 
Total EBITDA grew by 20.8 percent to Euro 26.7 million
 
Fortuna chief executive Radim Haluza said in his report:
 
"I am very pleased with Fortuna´s sales performance driven by a strong growth in online sports betting in all markets.
 
"Fortuna delivered top line turnover of over Euro 567 million, which is 21.2 percent ahead of last year and EBITDA of Euro 26.7 million, 20.8 percent more than in 2012.
 
"Our key strategy to focus on internet and mobile betting and offer broad live content to our clients has paid off. We hope that we will be able to take advantage of this year´s major sporting events such as the Winter Olympics and World Cup in Brazil in order to retain a strong momentum.”
 
Haluza said that Fortuna´s online business continues to grow rapidly, hand in hand with the increase in broadband penetration affording access to the company´s website.
 
"Over the last two years, Fortuna has undergone a transformation from a retail betting operator to a multi-regional online business, Haluza said.  "During 2013, it has completed several investments and innovations of its trading platforms, mobile applications and CRM system.
 
"As a result of that, Fortuna managed to increase the number of registered players by 26 percent over the last year, while the number of clients betting live increased by 57 percent.
 
"The fastest growing channel in 2013 was mobile. Total number of customers preferring this channel has increased by more than 300 percent.
 
"On the product side Fortuna has expanded its live offer by signing a deal with Bwin.Party. Bwin Feed provides live sports betting data including odds, fixtures, results, scoreboards and events calendars in multiple languages to online and land-based B2B clients, enabling Fortuna to offer its customers an extensive sportsbook and supporting content."



Gambling News :

Betradar Launches US Sports Betting Solutions - With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.

Abdelaouhab Zizi Wins MPNPT Morocco Main Event - Abdelaouhab Zizi has defeated fellow Casablanca resident Fadhil Farag heads up to win the 2018 MPN Poker Tour Morocco Main Event and MAD 375,000 (c. €33,220) after a two-way deal.

Final 12 For MPNPT Morocco - Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).

MPNPT Morocco Updates - Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.

MPN Poker Tour Morocco Day 1A - The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.

2018 MPN Poker Classic - The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.

PDC and Sportradar Renew Deal - Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data

Poker Yaar Joins MPN - Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.

New MPN Poker Rooms Tower Torneos - Impressed with Microgaming, having already integrated with the Quickfire platform to gain access to some of the industry’s best gaming content, Tower Torneos has extended the relationship with poker.<

NY Rangers vs. Devils on 12/21 - When the Devils and Rangers hit the ice on Thursday (7 PM ET on MSG), so too will two of the league’s top netminders. After a slow start to the season, Henrik Lundqvist has returned to his form of old. Through 29 games, he’s posted a 2.59 goals against average, and a .920 save percentage.

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