Tag Archives: Fortuna Entertainment

GRAJ: STS grows in dominance of ‘unprotected’ Polish market

GRAJ Legalnie, Poland’s sports betting trade association, has warned the government that the performance and tax earnings of licensed incumbents is being impacted by ‘grey zone operators’. Publishing its 2020 market report tracking the activities of Poland’s regulated sports betting incumbents, GRAJ has revealed that ‘grey zone activities account for several dozen percentage points from the licensed market’. The association …

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Czech gambling reforms brightened by ‘bank-ID’ approvals 

Czech Republic gambling stakeholders hope that the government will proceed with regulatory adjustments to banking and customer verification requirements that will allow for a smoother market entry.  Following 2017 amendments to the ‘Czech AML Act’ in connection with the implementation of a new ‘Czech Gambling Act’ – the Ministry of Finance enforced the requirement for operators to impose ‘face-to-face’ customer …

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SBC Summit Barcelona – Digital: A new reality for omnichannel

omnichannel

In principle, the challenges for delivering an effective omnichannel strategy remain the same across all gambling territories, but in some cases regulations dictate that this is now more about recreating the same user experience than it is syncing up distribution channels. That was one of the main takeaways from the ‘Creating an omnichannel experience’ panel, sponsored by Italy-based B2B service …

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Fortuna completes Playtech IMS upgrade for Polish profile

Leading CIS markets bookmaker Fortuna Entertainment has completed the full migration of its Polish sportsbook property onto the Playtech ‘IMS platform’. Optimising its group omni-channel capacities, Fortuna has sanctioned Playtech to deploy new systems integrations across its active market portfolio, which sees Poland join Fortuna’s home markets Slovakia and the Czech Republic in upgrading to IMS.  Completing its Polish deployment, …

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Catena restructures board as Optimizer Invest decreases shareholding

The governance of Stockholm-listed industry affiliate marketing network Catena Media has confirmed that it will put forward the appointments of Göran Blomberg and Per Widerström as new members of the board, to be voted on at the firm’s upcoming AGM scheduled for 2 May 2019. Issuing a corporate filing, Catena governance discloses that Optimizer Invest senior partners Henrik Persson Ekdahl …

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Fortuna records strong 2018 opening as new CIS assets deliver for enlarged enterprise

Publishing its Q1 2018 trading update (period ending 31 March), CIS betting group Fortuna Entertainment has reported significant progress on its commercial agenda following a strong opening to its 2018 performance. Updating the market, an enlarged Fortuna reports growth across its core metrics and corporate KPIs as the operator records a 163% increase in group revenues to €797 million. In …

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Assessing the prospect of regulatory backlash at Betting on Football

This year’s Betting on Football (20-23 March) will assess the prospect of a regulatory backlash as established betting jurisdictions start to push back on the industry. ‘Is there a backlash coming?’ will be held as part of the Leadership track, which takes place on the second full day at Stamford Bridge (Thursday 22 March). Speakers include Kindred Group CPO Britt …

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Fortuna Entertainment confident of hitting 2017 targets

The governance of Eastern European gambling group Fortuna Entertainment NV has detailed that it is confident of hitting its full-year 2017 corporate guidance, following a strong end to 2017 trading. Issuing a short market update, based on its preliminary unaudited 2017 results, Fortuna entertainment expects to generate total group corporate revenues of €1.9 billion. Furthermore, the company has raised its …

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Fortuna Entertainment receives Fortbet takeover offer

Fortuna Entertainment Group has announced that it has reached an agreement with Fortbet Holdings Limited, its majority shareholder, in relation to a takeover bid for the company. Fortbet, a subsidiary of the Central European investment group Penta Investments, currently owns a little under 80% of the firm, but is now bidding for full control after raising its stake from 68% …

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Fortuna boosts cross-channel payment capabilities with EML ‘reloadable cards’ partnership

Eastern European betting group Fortuna Entertainment has expanded its player payment provisions by integrating EML Payments Europe (EML Group) ‘branded reloadable cards’ for its multi-channel operations. Fortuna the largest betting operator within Eastern Europe’s regulated markets, will initially roll-out EML cards access across its Czech Republic operations, with the potential to expand to other core markets in which the group …

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