Tag Archives: Per Widerstrom

Fortuna Group posts strong showing with latest results

Fortuna Entertainment Group have reported a strong performance in their consolidated results for the first nine months of 2017. Driven largely by the growth of online betting, particularly fixed odds betting in Fortuna operated nations, the firm announced a group wagering total of €1.3bn, a 69.1% year over year (yoy) rise. For the first nine months of the year Fortuna …

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Fortuna Entertainment records H1 2017 revenue & KPI growth despite enlargement costs

Presenting its H1 2017 interim results (period ending 30 June), Eastern European gambling operator Fortuna Entertainment Group has detailed a strong revenue performance combined with KPI gains driven by the growth of sports betting and gaming divisions. Updating the market, Fortuna would record a 40% group revenue increase to €720 million (H1 2016: €511 million), of which €650 million would …

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Unfavourable sports results and group development costs impact Fortuna Q1 2017 profits

Unfavourable sporting results combined with higher operational costs have impacted Eastern European gambling operator Fortuna Entertainment Group Q1 2017 performance. Updating investors Fortuna governance would detail ‘robust’ set of metrics during the period as the company recorded a total group wagering of €302 million up 20% on corresponding 2016 performance. Closing the period, Fortuna would further report a Gross Win …

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140 world class speakers confirmed for Betting on Football

Fortuna Entertainment Group CEO Per Widerstrom, GVC Holdings COO Shay Segev and Ladbrokes Ambassador Chris Kamara are just three of the key names presented by SBC Events for the most extensive senior speaker line-up ever seen at a sports betting industry event. 140 industry leading speakers will be addressing the 800+ delegates attending next week’s Betting on Football 2017 at …

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Betting on Football shows how to follow the leaders

Leaders PR - #bofcon2017

For high level sports betting staff looking for a crash course in leadership, SBC Events has lined up an eight-panel agenda on the first day of Betting on Football 2017, covering key industry topics such as self-regulation, match-fixing, investment, market consolidation, new brands in football betting and affiliate leaders. The Leadership Track is one of four main tracks across the …

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Czech taxes & unfavourable sporting results impact Fortuna 2016 profits

Eastern European gambling operator Fortuna Entertainment is looking forward to a new business year, having closed a challenging 2016 for its operations. Releasing its ‘unaudited’ full-year 2016 financial results, Fortuna detailed that group wagering had reached €1 billion mark (FY 2015: €850 million), driven by higher sports betting player activity in all its key markets. The operator that services the …

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Fortuna strengthens Eastern European grip acquiring Hattrick Sports outright

Eastern European gambling operator Fortuna Entertainment Group (Fortuna) has confirmed that it has entered an agreement to acquire gaming systems provider Hattrick Sports Group (Hattrick) and its related assets outright. Fortuna governance chose not to detail the sum of acquisition for Hattrick assets, but stated that the purchase would ‘further strengthen Fortuna’s position as the largest licensed multi-channel sports betting …

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Nominations open for new look SBC Awards recognising the cream of the sports betting industry

The SBC Awards is the culmination of a landmark year for the betting industry, which has seen a wave of consolidation, a profitable European Championships, the rise of DFS and esports, and the inaugural Betting on Sports conference. SBC is inviting the industry to join in with the year-end celebrations and nominate companies for one of the 15 awards created …

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Fortuna Entertainment reverses 2015 declines posting strong H1 2016

Updating the market on its H1 2016 interim results (unaudited period ending 30 June), Eastern European gambling operator Fortuna Entertainment Group (Fortuna) has revealed improved corporate results throughout its core metrics. Following a tough FY 2015, in which Fortuna financial performance was impacted by increased tax charges in its markets of Poland, the Czech Republic and Slovakia, the company was …

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37% Q1 earnings decline sees Fortuna revise 2016 corporate guidance

A tough opening to its 2016 corporate performance, has seen Eastern European gambling operator Fortuna Entertainment revise its year guidance detailing an EBITDA drop ranging between 10-15%. Updating the market on its Q1 2016 (period ending 31 March), Fortuna reported a group wagering increase to €251 million (up 26% on corresponding Q1 2015) combined with Gross Win revenues of €38 …

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