Fortuna Earnings Rise

EBTDA up 16.4 percent, thanks to World Cup business

The Czech betting company Fortuna Entertainment Group has posted H1-2014 results that include a 16.4 percent increase in EBITDA, thanks to the additional business flowing from the FIFA World Cup held earlier this year in Brazil.
Amounts wagered rose 20.8 percent to Euro 333.2 million, with gross winnings up 14.7 percent to Euros 65.9 million, with online wins outpacing retail wins for the first time ever.
EBITDA rose to Euro 15 million euros from Euro 12.9 million a year earlier, and net profit was up 19 percent to Euros 9 million.

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