Tag Archives: slovakia

Authentic Gaming opens Slovakia client support & integration office

Seeking to expand its European commercial capabilities, industry live HD casino games supplier Authentic Gaming has announced the opening of its new state-of-the-art office in Slovakia. The firm’s Slovakian division will act as an operational support for its Malta commercial unit providing the key functions of data provisions and back office development. Furthermore, the office will host a dedicated client …

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IGT secures gaming systems extension with SYNOT Group

Updating the market, gambling and lottery technology firm IGT Group (IGT) has confirmed that it has secured an 8-year extension to its lead systems supplier arrangement with Czech Republic gambling operator SYNOT Group. Confirming the contract extension, IGT will continue to be the main supplier of gaming systems for SYNOT gambling operations in the operator’s key markets of the Czech …

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Niké prepares for new liberalised market with Gaming Innovation Group as platform provider

Furthering its presence within Eastern European betting markets, Oslo-listed Gaming Innovation Group (GIG) has confirmed that it has entered a platform services partnership with Niké, Slovakia’s largest betting operator. Niké who at present operator over 900 betting points in Slovakia, will integrate GIG’s iGaming Cloud (iGC) platform as the gambling operator prepares for a new regulatory framework for igaming and …

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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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Olympic Entertainment Group merges Eastern European gambling assets

Issuing a market update, Tallinn (Estonia) listed gambling operator Olympic Entertainment Group (OEG) has confirmed that it will merge Eastern European assets following the publication of its end of year results. Undertaking a corporate review of operational assets in its eight active markets (Estonia, Slovakia, Poland, Belarus, Latvia, Lithuania, Italy and Malta) OEG governance announced that it would merge business …

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Polish tax charges see Fortuna Entertainment post flat 2015

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 …

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20% dip in EBITDA for Fortuna despite revenue growth

European bookmaker Fortuna Entertainment Group has reported a 25% increase in turnover so far in 2015, but this hasn’t prevented the firm from posting a near 20% decline in EBITDA over the same period. In the first nine months of the year, total EBITDA amounted to 17.7m euro million, a 19.6% decline over the same period of last year, with …

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Fortuna Entertainment sees 47% profit fall in H1 2015

Eastern European gambling operator Fortuna Entertainment has recorded a 47% decline in net profits to €4.8 million (H1 2014 – €8.9 million). The operator had been negatively impacted by a steep decline in its group operating margins to 10.4% (H1-2014 18.5%) due to being hit by a set of unfavourable sports results in March. A tough opening six months of …

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NIKÉ Slovakia extends Virtual provisions with Inspired Gaming

Gambling technology firm Inspired Gaming (Inspired), has announced the extension of its Virtuals partnership with Niké, the leading licensed gaming operator in Slovakia. Niké launched Inspired’s Virtuals in 2012 online and across 200 retail outlets. It currently offers a number of Inspired’s Virtual Sports inventory, including: Rush Football, Rush Cycling, Rush Tennis, Rush Motor Racing, Rush Horses and Rush Greyhounds. Niké has also launched Inspired’s …

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