Fortuna Profits Up 21 Percent


06th November, 2014 at 09:28:26

Czech betting group enjoys a profitable nine months thanks to online operations.

Czech betting company Fortuna Entertainment Group has posted a 21% rise in core profit in the first nine months of 2014, boosted by growing online betting, prompting it to raise its full-year outlook.

The Reuters news agency reports that EBITDA was Euro 22 million, and the company now expects full-year EBITDA growth of 10 to 20% in 2014.

"The main driver of our performance was expansion of internet and mobile sports betting mainly in the Czech Republic where we recorded 35% growth in accepted bets," CEO Radim Haluza said.

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