SBC News Voice of the Sports Betting Industry
Eastern European gambling operator Fortuna Entertainment reported year-on-year growth as the operator reached €674 million in wagering revenues up 18.5% on 2013 figures (€567 million).
Fortuna Entertainment reported growth on all top line metrics, as the operator recorded EBITDA revenues of €28.4 million up 6.4% on FY 2013 €26.7 million. The operator sustained a 2014 net profit of €15.9 million (FY 2013: 15.6 million).
Increased Sports betting wagering and improved digital performance were the key growth drivers. Fortuna betting operations in Poland, Czech Rep and Slovakia amassed a 2014 gross win of €125 million (FY 2013: €108 million). The improved performance saw its online betting division generate €67 million in gross win for 2014 (FY 2013: €51 million)
Fortuna management stated that it would continue to invest in its retail betting division, as the operator looks to expand its presence in central European markets. A key corporate focus in 2015 will be to prepare for a re-platforming into a multi-product and -channel
Commenting on company performance, recently appointed CEO and Chairman Per Widerstrom stated
“I am delighted to have got the opportunity to join Fortuna and to lead the Fortuna organisation in these exciting times. The achieved results in 2014, particularly the growth of on-line business and robust profitability confirm that Fortuna is well positioned to become the undisputable leader in the regulated Central European sports betting & gaming sector with the most trusted and exciting multi-channel betting & gaming brand,”
2014 Performance Overview Fortuna Entertainment
