Fortuna Entertainment profits up for 2014

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Czech betting and gambling operator Fortuna Entertainment Group posted a 21% increase in corporate profits for its first nine months of 2014.

The operator recorded EBITDA profits of €22 million (£17.3 million) for the period, outlining that growth had been driven by higher customer activity and improved performance of its online gambling verticals.

Fortuna Entertainment senior management stated that the operator was confident of hitting its 2014 corporate targets, expecting full year growth of between 10 and 20% for its core product performance.

“The main driver of our performance was expansion of internet and mobile sports betting mainly in the Czech Republic where we recorded 35 percent growth in accepted bets,” Chief Executive Radim Haluza said.

In September the operator announced the appointment of Ex Gala Coral Interactive Managing Director Per Widerstrom as new Chief Executive. Widerstrom is currently in a process of  learning Fortuna Entertainment operations from Radim Haluza who he is set to replace,  the swede has been tasked with growing Fortuna Entertainments online gaming portfolio and services.

With the appointment of Widerstrom Fortuna Entertainment will look to establish sports betting and gambling operations outside of the Czech Republic, targeting presence in the Slovakian, Polish and Hungarian betting markets.

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