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FORTUNA LOTERIE SELLS 10 PERCENT STAKE
Friday June 29,2012 : FORTUNA LOTERIE SELLS 10 PERCENT STAKE
Investment revenue to be used to accelerate distribution
Fortuna Entertainment Group's Czech subsidiary Fortuna Loterie has entered into a cooperation agreement with E-Invest, who will buy a 10 percent stake in the firm, the proceeds of which will be used to speed up the roll-out of the distribution network and strengthen the management team.
Fortuna Loterie operates the numerical games LOTO and SUPERLOTO along with scratch tickets in the Czech market.
“By signing this agreement, Fortuna Loterie will obtain a strong shareholder and strategy partner that will bring a substantial input into the next development of Fortuna lottery segment,” said Radim Haluza, newly appointed chief executive of Fortuna Entertainment Group.
“On the other hand, E-INVEST will have an opportunity to participate on further lottery growth of which its goal is to reach approximately 15-20 percent market share by mid 2014.”
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
Fair Play Bets and QuickFire in Deal -
Fair Play Bets enjoys an unrivalled reputation for an outstanding player experience, with secure deposits and withdrawals, surprising casino bonuses and committed customer support. Fair Play Bets is licensed in UK, Malta and Curacao.
Cavaliers Aim to Take Down Wizards on 2/22/18 -
The Cleveland Cavaliers have looked like a different team since making their moves at the trade deadline. The Washington Wizards are up next for the Cavaliers, who will be at home after the All-Star break.
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