ONLINE BETTING BOOSTS FORTUNA ENTERTAINMENT 2010 RESULTS

Posted 3/1/11 : Expects dynamic growth in internet betting in 2011
 
Czech betting company Fortuna Entertainment Group posted a 2.6 percent rise in 2010 net profit helped by growth in online betting.
 
The company reports that growth was positively affected by the growth in share of online betting markets in Czech Republic and Slovakia where volumes were boosted by events including the 2010 Soccer World Cup.
 
Fiscal Highlights for the period 2010 include:
 
–           A rise in net profit to EURO 17.4 million in 2010.
–           A rise in revenue of 8.8 percent to EURO 81 million
–           EBITDA rose 6.6 percent to EURO 25.1 million
 
Fortuna expects continued dynamic growth in internet betting going forward into 2011.