Tag Archives: poland

Yggdrasil Gaming has further expansion plans for the UK to build on the slot developer’s strong start to 2016. The Swedish firm went live in the UK in Q1 and CEO Fredrik Elmqvist wants to see Yggdrasil’s games get a wider reach in the market. He commented: “We are already live with six operators in the UK and there will …

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 …

Publishing its unaudited full-year results for 2015 (period ending 31 December), Eastern European gambling operator Fortuna Entertainment (Fortuna) has reported that Polish VAT charges have impacted company performance as Fortuna posted a flat adjusted EBITDA of €27 million (2014: €27.2 million). Despite recording no EBITDA growth, Fortuna governance detailed positives as the company saw top-line revenue and gross win growth …

Attendees from across the gaming ecosystem can find out all the latest news about developments in some of the continent’s major emerging markets at the World Regulatory Briefing Eastern Europe in two weeks’ time. The event takes place in Bucharest, Romania on Wednesday, December 2 with a number of the Top 50 operators present. Keynote speakers will explain the latest …

Tallinn listed Olympic Entertainment Group AS (OEG) has announced a strong H1 2015 performance as group revenues increased 12% to €80.7 million (H1 2014 €73.7 million). The operator, which has a strong presence in Eastern European markets, recorded performance increases throughout all its core metrics with EBITDA earnings of €18.4 million (H1 2014 €16.7 million). OEG would record net operating profits …

Poland has moved closer to allowing legalised online gambling, as the European Commission approved the government’s plans to amend its gambling laws. The European Union member will allow for foreign remote gambling operators to tender for national gambling licenses. Following a review to its existing framework, Polish ministers have lifted operator requirements to be partnered with a local subsidiary. Furthermore …

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 …

INTRALOT’s subsidiary in Poland, Totolotek S.A., the longest operating company in Poland’s betting market, has received accreditation in responsible gaming by the European Lotteries Association (EL). The certification is a result of coordinated efforts and a reward to effective implementation of INTRALOT Group’s industry standards and CSR framework, implemented in subsidiaries of the Group worldwide. EL Responsible Gaming certification corresponds …

Celtic Football Club’s unexpected reprieve from Champions League elimination is causing some bookmakers a headache as curious punters get in touch to see if their previously losing bets are now, in fact, winners. Celtic lost on Wednesday night 2-0 to Legia Warsaw in the CL qualifier, with an embarrassing 6-1 loss on aggregate. However the Polish side brought on a …