Fortuna Profits Up 21 Percent

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

Czech betting company Fortuna Entertainment Group has posted a 21 percent 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 percent 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 percent growth in accepted bets," CEO Radim Haluza said.

Online Casino News Courtesy of Infopowa

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The man with the plan here at Casinomeister. Bryan Bailey has been running Casinomeister since its launch in June of 1998. He has watched the industry grow from its primeval stage to what it is now. The Meister has attended nearly 100 conferences in the past 20 years and has either been a speaker or a panel moderator for at least 60 events. He has always been an advocate of fairness and reason and is known to like German beer, a good Scotch, and astrophography.
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