Fortuna improved its results in 2016, but…

11 Mar 2017

Fortuna-GroupFortuna Entertainment is a quickly growing Eastern European gambling operator and this is verified by their improvement on revenue on 2016 against 2015. Releasing their full-year 2016 financial results, Fortuna governance revealed that group wagering had reached €1 billion mark. That means 150 million more than in 2015, but for sure the revenue would have been even bigger if it wasn’t for the taxes in Czech Republic. The operator provides its services in the markets of the Czech Republic, Poland, Slovakia, Romania and Croatia.

Nonetheless, the future for Fortuna seems to be great, after all the completed the acquisition of Hattrick Sports Group, in order to make their presence in Romania and Croatia even stronger, while they also created new B2B channels for Spain and Germany.

Per Widerström, who is the CEO of Fortuna Entertainment Group, commented on the results: «We are pleased to report on strong growth in total Amounts Staked for the full year 2016. Fortuna accepted total bets in the amount of EUR 1,039.6 million, which is 22.6% more than last year. The Amounts Staked grew double digits in all our key markets, primarily driven by the online betting growth and in particular mobile sports betting while Retail grew single digit. Our EBITDA was impacted by the increase in the betting tax rate in the Czech Republic, unfavourable sports results in 2016 and by planned increase of operating costs to support growth opportunities of the company.».

Join and grab exclusive bonuses, daily offers and free bets!

Lay hands on exclusive daily bonuses for members only. These promos are limited and are not advertised on the website.

Yes, I have read the Terms & Conditions and I consent to receiving emails from Bookmakers.bet regarding betting promotions, betting guides and news.

BOOK SPY

The Ministry of Culture and Gender Equality in Norway has begun consultations to introduce a new Gambling Act to replace the Lottery Act, the Totaliza...

Read more »

The online gaming giant Entain, the owner of brands like Interwetten, has won the Advanced Safer Gambling Standard award by GamCare for providing play...

Read more »

One of the pioneers of online betting, Interwetten, has signed a new regional long-term sponsorship deal with English football giants Liverpool FC. Fa...

Read more »

The global online sportsbook 1xBet recently paid out some big winnings. A bettor from Yaounde, Cameroon, signed up with the bookie and placed a 12 eve...

Read more »

The international online sportsbook NetBet has added Apple Pay as a payment option for French players giving locals another top-notch method for depos...

Read more »

The online gambling operator Kindred Group, which incorporates several brands like Unibet, has announced that it will further contribute to the mental...

Read more »

The Treasury of Kenya has published the 2022 Finance Bill, which re-introduces the controversial 20% tax rate on wagering stakes. Despite the protests...

Read more »

The international gaming operator Vbet has joined the International Betting Integrity Association (IBIA), adding to the platform’s global integr...

Read more »

The state-owned gaming operator in Finland, Veikkaus, has agreed on a double partnership with the Football Association of Finland (SPL) and the countr...

Read more »

The UK Gambling Commission has issued a new directive aiming to limit further players’ participation related to gambling harm. The new rules wil...

Read more »

LATEST BOOKMAKER PROMOTIONS