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ONLINE BETTING DRIVES FORTUNA GROWTH
Written On 5/6/11 By Recentpoker.com staff writer Frank Polliern :
Strongest operating performance since the beginning of 2010
Central European fixed-odds operator Fortuna Group released strong first quarter 2011 results this week.
Key growth drivers for the company operating in Poland, the Czech Republic, Slovakia and Hungary were the Czech and Slovak markets and in particular an increase in its online betting business.
Key performance indicators in Q1 2011 include:
- Gross Win reached Euro 26.5 million, an increase of 19.5 percent compared with the first quarter of 2010.
- EBITDA increased 43.9 percent to Euro 8.4 million year on year.
- Gross Win from online betting rose 54.4 percent year on year to Euro 8.2 million.
- The Czech Republic generated more than 53 percent of all amounts staked, with online betting showing a growth of 55.9 percent in that market.
- Slovakia contributed 34 percent of all amounts staked, showing a growth of 51.1 percent Gross Win in online betting compared to 2010.
- Poland accounted for 11.9 percent of total amounts staked.
- Gross profit margins from betting for Malta-based FortunaWin was 5.6 percent.
New projects and strategies include the imminent launch of the lottery in the Czech Republic and the development of licenced online betting in Poland as the country's amended sports betting law is due to come into force in the third quarter of 2011.
"We continue to report highly positive operating results in all our markets and a rapid growth of the online betting segment. Solid results were also achieved by the retail betting network which we gradually optimized and expanded by partner shops. Our excellent results show that the chosen strategy of two main distribution channels, where retail shops serve not just as sales points but also provide online betting support, is the right way.“ said Fortuna Entertainment Group CEO Jiří Bunda.
NHL Odds: Toronto Maple Leafs vs. Washington Capitals on Tuesday -
Auston Matthews and the Toronto Maple Leafs touch down in DC this Tuesday (7 PM ET on TSN) as one of the hottest teams in the NHL. They've tallied a ridiculous 26 goals through only five games played; that's more than five goals scored per game on average. They'll be up against an equally potent Washington Capitals team.
Pro League Reveals Sportradar Contract Details -
The partnership between the PLC and Sportradar aims to provide a high-quality level of service to all Arabian Gulf League stakeholders in addition to making verified official data about players performances available to coaching and scouting staff and supplying match information to media outlets.
NFL Odds: Steelers Visit Undefeated Chiefs #TNF -
The Kansas City Chiefs (5-0 SU and ATS) have been flawless as an NFL pick thus far. Their chances of remaining undefeated in Week 6 look good; after opening at –4.5, Kansas City is a 5-point home chalk for Sunday’s game against the Pittsburgh Steelers (3-2 SU, 2-3 ATS), beginning at 4:25 PM ET on CBS.
Mega Moolah strikes again -
The jackpot was hit on a mobile device on Sunday 1 October 2017 by a UK player on Betway, this time awarding a £1,448,116.31 pay day.
2 New Slots For Microgaming Casinos -
David Reynolds, Games Publisher at Microgaming, comments: “On top of our branded title game Halloween, we’re delivering two more slots this October, each bringing exciting features and a different theme.
MLS Odds: Red Bulls vs. Whitecaps -
The New York Red Bulls (12W, 12L, 7T) haven’t won a match since August 15, but they’re –165 favorites this Saturday against the visiting Vancouver Whitecaps (15W, 10L, 6T), beginning at 5 PM ET. Vancouver is a +475 underdog with the draw priced at +285.
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