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Fortuna Group announced its first quarter 2012 results

Friday, May 11, 2012 : FORTUNA DELIVERS ROBUST Q1 2012 ONLINE RESULTS
 
Good online performance growth boosts retail results
 
Central-European fixed-odds betting operator Fortuna Entertainment Group (FEG) announced its first quarter 2012 results delivering double-digit growth in its Gross Win figures and strong performance from its online business.
 
Key performance indicators for the period ended March 31, 2012 include:
 
Group Results:
 
-     Total Gross Win of Euro 30.7 million, up 15.9 percent over the same period last year.
 
-     Total amounts staked amounted to Euro 113.8 million, overall a stable year-on-year performance showing a modest decline of 0.3 percent over Q1/2011.
 
-     EBITDA remained stable at Euro 8.4 million, composed of the 13.8 % growth in sports betting to Euro 9.6 million and negative lottery EBITDA of Euro 1.2 million.
 
Sports Betting:
 
-     Total amounts staked amounted to Euro 108.6 million, down 4.9 percent following a decline in bet volume.
 
-     Gross Win grew 6.1 percent year on year, totaling Euro 28.1 million.
 
-     Online sportsbetting showed a particularly strong performance on the back of Polish and Czech market growth with a Gross Win of Euro 10.2 million, up 24.2 percent.
 
      -     Poland Online: gross win from the newly introduced online betting offering was Euro 619 000.
 
      -     Fortuna reports 9 000 registered online customers in its newly launched Polish online venture and 20 000 pre-registered customers.
 
      -     Czech Republic Online: Gross Win from the online segment climbed by 32.3 percent year on year amounting to Euro 5.8 million.   (Interestingly, in contrast, Gross Win from retail sports betting declined 8.0 percent Year on year).
 
      -     Slovakia Online:            Gross Win from online betting was Euro 3.7 million, 1.7 percent less than in 2011.
 
“The double-digit growth in Gross Win and other key figures reported by Sport Betting division has been mainly driven by a successful expansion of on-line betting in all core markets, including our new regulated business in Poland,” said Wilf Walsh, vice chairman and interim chief executive officer of Fortuna Entertainment Group. “This, together with the stabilization of the retail business, enables Fortuna to report solid results while continuing with the development of our new Lottery business in the Czech Republic at the same time.”

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IS DAN BILZERIAN A POKER FISH? - Dan Bilzerian, the high profile Instagram legend, jet setting playboy and allegedly deadly online poker player who claims he accrued a $50 million fortune playing the game,

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AMAYA C.F.O. RETIRES - Daniel Sebag, the Amaya online gambling group's first and only chief financial officer with ten years’ service under his belt, has retired, according to a company announcement Friday.

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SD618 Massachusetts Online Gambling bill Updates - A few more details have emerged on Sen. Bruce Tarr's new online gambling legalization bill SD618 just filed in the Massachusetts Senate.

2017 $25,000 buy-in Aussie Millions Challenge event results - Taiwan poker pro James Chen has emerged victorious in the $25,000 buy-in Aussie Millions Challenge event after besting a field of 133 at the Crown in Melbourne.

Amaya FY2016 Trading Update - The Montreal-based Amaya online gambling group has issued a trading update covering FY 2016 and improving its forecast revenue and earnings numbers.

Another Mega Fortune Dreams jackpot for Euro 3.5 million - In a statement Friday NetEnt advised that the lucky player is a 62-year-old woman from central Finland who won the seven-figure sum from a Euro 1 stake.

Stanleybet has filed a legal action against the government of Cyprus - Bookmaking firm Stanleybet has filed a legal action against the government of Cyprus, claiming Euro 12.5 million as compensation for what it claims is loss of profits and opportunities, prejudice to image and business reputation and legal costs.

LeoVegas To Sponsor Leicester Tigers - The agreement includes official partner accreditation, media space at Welford Road stadium and matchday tickets and VIP hospitality as well as two pitchside perimeter boards from the 2017/18 season and one for duration of the 2016/17 season.

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