Sportsbetting Drives Fortuna Growth

Central and Eastern European online and retail sportsbook operator Fortuna Entertainment Group cited the expansion of its online and mobile sportsbetting operations as a major contributor towards its growth during the first nine months of 2013.

The firm said that gross win from online sportsbetting during the first nine months of the year was €36.2 million ($48.9 million), a year-on-year rise of 40.1%.

The total amount staked increased by 21.3% to €405.2 million while total gross win for the period also grew by 6.9% to €83.4 million.

Total earnings before interest, tax, depreciation and amortisation also increased by 36.2% to €81.1 million.

“The main driver of our performance was expansion of internet and mobile sportsbetting, which has been growing rapidly this year in all the countries where Fortuna is present,” Fortuna’s chief executive officer, Radim Haluza, said.

“We remain positive concerning our performance for the rest of 2013 and we believe that our targets for this year will be met.”

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