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Fortuna Group 40 percent increase in sports betting
Friday November 8,2013 : ONLINE SPORTS BETTING THE STAR FOR FORTUNA GROUP
40 percent increase in online and mobile sports betting.
The Eastern European land and online betting group Fortuna's latest set of results demonstrate yet again how important digital, and particularly mobile, betting on sports has become.
Fortuna Entertainment Group results in the nine months of 2013 to end September were boosted substantially by a 40.1 percent y-on-y rise in online and mobile gross win, which reached Euro 36.2 million.
Amounts wagered were up 21.3 percent and reached Euro 405.2 million, and gross win was up 6.9 percent to Euro 83.4 million, delivering EBITDA at Euro 8.1 million or 36.2 better than the same period last year.
Chief executive officer, Radim Haluza, said that the expansion in mobile and online sports betting was the chief driver of the company's pleasing performance, and reason for continued confidence for the rest of the year.
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PlaySugarHouse To Carry Konami Content -
Content provider Konami will provide its Gypsy Fire and Fortune Stacks slot games to Rush Street Interactive-operated PlaySugarHouse.com on an exclusive basis in the New Jersey real-money online and mobile wagering market.
ITF TERMINATES BETWAY SPONSORSHIP DEAL -
The International Tennis Federation (ITF) has reportedly terminated Betway’s three-year sponsorship partnership as an extension to their anti-match fixing and sports integrity policy.
GSA To Launch European division -
The expansion enables the GSA to better focus on the regional needs of its members outside of North America and underscores its recognition and commitment to growing European membership.
Paddy Power Trading Update -
Company prevails despite adverse sports and US election results; Trump success cost the group GBP 5 million, whilst punter successes took another GBP 40 million in Q4-2016.
Tabcorp SunBets project -
The details were revealed this week in an IT News article quoting Tabcorp's chief information officer, Kim Wenn, who described the SunBets project as Tabcorp's biggest global venture yet.
China Lottery Sales Up in 2016 -
The Chinese official news agency Xinghua reports that according to figures from the Ministry of Finance released Monday, Chinese lottery sales in 2016 rose 7.3 percent year-on-year to 394.64 billion yuan (about US$57.53 billion).
New chairman and a new director for 500.com -
Chinese online lottery operator 500.com has announced major executive changes to the company with the apparently amicable departure of director and chairman Man San Law, as well as director Weiguo Zhao from its board of directors, effective January 20, 2017.
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