Fortuna Entertainment records H1 2017 revenue & KPI growth despite enlargement costs

first_img SAZKA faces scrutiny following appointment of Flint Global as National Lottery advisor August 20, 2020 Polish wagering report highlights STS market dominance  August 17, 2020 Submit Mateusz Juroszek – Non-stop STS will expand amid industry disruptions August 12, 2020 Share Share StumbleUpon Related Articles Per WiderströmPresenting its H1 2017 interim results (period ending 30 June), Eastern European gambling operator Fortuna Entertainment Group has detailed a strong revenue performance combined with KPI gains driven by the growth of sports betting and gaming divisions.Updating the market, Fortuna would record a 40% group revenue increase to €720 million (H1 2016: €511 million), of which €650 million would be contributed by its sports betting and gaming activities.The firm’s significant revenue gains, would see Fortuna governance declare a period gross-win of €100 million, up 20% on corresponding H1 2017’s €80 million. Fortuna governance detailed that its metric gains were a testament of its corporate strategy set against a tough comparative 2016 period featuring UEFA Euro 2016.M&A and integration costs relating to the firm’s acquisitions of Hattrick Sports for €135 million (deal concluded May 2017) combined with the further outright purchase of Fortbet Romania assets for €47 million (March 2017) would impact Fortuna bottom-line.Closing a busy H1 2017, Fortuna governance would declare a period group EBITDA of €7.6 million down 22% on H1 2016’s €9.6 million. The company would declare period net profits of €2.5 millionUpdating investors, Fortuna governance detailed that it has moved to integrate new assets as the company seeks to become the outright leading multi-channel operator for Eastern European markets.Per Widerström, CEO and Chairman of the Board, Fortuna Entertainment Group N.V. Commented on H1 2017 performance“During the first half of the year, the volume of bets accepted by the Group continued to grow rapidly, reaching EUR 720.7m, up 40.9 percent compared to the same period the previous year. This strong growth was the result of solid performances in all traditional markets where Fortuna operates. The recently acquired Hattrick Sports Group Ltd., operating in Romania, Croatia and other countries, also contributed. Our operating profitability, as measured by EBITDA, was mainly influenced by the one-off costs associated with our expansion across the CEE region, coupled with integration into the Group of recently acquired business operations,”last_img read more

Video: Cab driver who loves John Elway had no idea he was driving NFL legend

first_imgA cab driver was caught on tape praising John Elway as the best quarterback of all time, while the NFL legend — unbeknownst to him — was sitting in his backseat. “He’s a great quarterback,” explained Sam Snow, in the now-viral Facebook video, posted last week by Glenn Stearns.“A great quarterback,” he said.Snow — who was wearing a Pittsburgh Steelers jacket — had been driving around Washington D.C. with a group of people during the inauguration when they suddenly pulled out their cell phones and started asking him some football-related questions.“I asked our cab driver Mr. Sam Snow to name his top three quarterbacks of all time,” Stearns said. “This is what happens when he finally realizes he is driving his #1 choice!” The encounter was shared by countless people on Monday, and had already racked up nearly 300,000 views as of 11:30 p.m.In the clip, Snow can be heard explaining why Elway is his “Number 1,” and Tom Brady and Ben Roethlisberger are “Numbers 2 and 3” — all while Elway unsuspectingly snickers in the back seat.Attempting to have some fun with the cabbie, a woman sitting next to the Denver Broncos executive vice president — presumably his wife — tells Snow, “I think [Elway] is hot.”“This girl slept with him,” Stearns says.“Hey, with the money he got…guys would go to bed with him,” Snow adds, sparking several laughs. “Would you go to bed with John Elway?” a woman asks.“No, no, no, I don’t roll like that,” Snow says.After chatting for several minutes, the group finally lets the Steelers fan in on the secret.“Oh, come on man — are you serious?! It’s John Elway!” Snow says. “Man, I gotta take a picture…Seriously! That’s John Elway! I’ll be damned.”last_img read more

A frustrated mayor, a frustrated voting public…

first_imgAnalysis by James Jordan, Sumner Newscow — It is hard to blame Mayor Shelly Hansel for feeling a little frustrated after last Tuesday’s town hall meeting in Wellington. The meeting is one she tries to have every month to allow citizen input and to ask questions. She heard a lot of criticism, hand wringing and rumors of $12 million missing from the city coffers. There were also complaints later about the meeting itself, as some alleged it may have violated the open meetings rules since a majority of council members were there.At the same time people complained about the city not being open, and even city officials wondered how they can get information out to the public in a more effective manner.It is perhaps a reflection of the general mistrust of government that pervades our society these days. Government is not perfect, but very few people are either. Hansel expressed frustration for the “sky is falling” mentality that seems to pervade the city at times.“You cannot just say ‘Wellington sucks,’ get pouty and throw your arms up and quit,” she told the group at the town hall meeting.  “I am glad you are here. It shows you care. But you need to be involved in the process.”Before the meeting even began Hansel talked with the audience and media representatives about the meeting itself. Council members were there, though there was not a majority until after the meeting started. At the meeting no one objected to city council members being there and the general consensus was that there was no problem. They did check with their attorney, and were told that if no council members spoke, it was not a violation of the open meetings rules.That goes along with what the bylaws set by the Kansas State Attorney General’s Office. According to the law, municipal board members – even a majority – may attend public functions. It says they must not discuss city business privately. They did discuss some early on by answering questions, but they never discussed anything privately or between themselves. Later, Hansel reported to Sumner Newscow that the city has turned itself in to the Attorney General’s office as a precautionary measure to make sure no open meeting law act is violated.Hansel again explained the alleged missing money, which was at first rumored to be just over $1 million — a figure which has bloomed to $12 million as of last week. That all came about because of a statement by city financial advisor John Haas, who explained that their reserves had dropped to a level that could affect the city bond ratings.He said he “did not know” where the money had gone, and that led some to think there was money missing.Hansel noted this has been explained many times, but she explained it again anyway. It is not that the money cannot be accounted for, but if you put it into a general fund, it is impossible to say what an individual dollar went for. Hansel noted that all the money has been accounted. “I was a reporter for 15 years. If there was something shady going on I would be calling people,” Hansel said. “We may not have communicated it as well, but I do not feel there was anything done wrong.”Also at the meeting people objected to repairs being made at Worden Park’s parking lot. It is true not everyone will use that parking lot, and it is going to cost the city $75,000.However, Hansel said it is a quality of life issue and the city has a chance to save money by doing it now.She wants to see the city progress.“You could sit here and spend no money and do nothing and problems would get worse,” she said.Hansel agreed that the city has been losing population, and that means the tax base has shrunk, making paying for things more difficult.She wants to find out what to do in order to reverse that trend, to take positive action.Hansel hopes to continue holding town hall meetings, and she also hopes the public will get more involved.Follow us on Twitter. Close Forgot password? Please put in your email: Send me my password! Close message Login This blog post All blog posts Subscribe to this blog post’s comments through… RSS Feed Subscribe via email Subscribe Subscribe to this blog’s comments through… RSS Feed Subscribe via email Subscribe Follow the discussion Comments (7) Logging you in… Close Login to IntenseDebate Or create an account Username or Email: Password: Forgot login? Cancel Login Close Username or Email: Password: Lost your password? Cancel Login Dashboard | Edit profile | Logout Logged in as Admin Options Disable comments for this page Save Settings Sort by: Date Rating Last Activity Loading comments… You are about to flag this comment as being inappropriate. Please explain why you are flagging this comment in the text box below and submit your report. The blog admin will be notified. Thank you for your input. +11 Vote up Vote down Ray · 251 weeks ago It would make more sense for the City Manager to answer questions reference where the money went. Not the mayor. The mayor is an elected face that works part time at best and should not be the voice of the city managers office. Why us it that the city manager at important times in meetings seems confused and defers questions to Shane Shields. Should the buck not stop with him for answers. Love or hate Gus Collins he would stand and take the heat and be leading the charge to fix a situation. Roy is no leader and hides behind many at city hall and the council. We should never see a display where the mayor calls out a former city council person in a town hall meeting. It appears like finger pointing and unprofessional. Isn’t that what your saying the public is being right now James. I agree we need to come together but sometimes the voice of Wellington needs to say less and listen more. Report Reply 0 replies · active 251 weeks ago +5 Vote up Vote down jeff · 251 weeks ago Trust is something we earn. It is not bestowed on anyone. Right now, we have a serious trust situation. The “veil of secrecy” and “executive sessions” and in-your-face raising of rates and constantly defending the actions to a beleaguered, cash-strapped citizenry just exacerbates it. Trying to defend or honey-coat it is insulting. Report Reply 0 replies · active 251 weeks ago 0 Vote up Vote down Meryl · 251 weeks ago It has been several years since I took college Composition, but I remember multiple sources being required to validate a story. Thanks for going out of your way to only speak to the mayor, James. Also, the mayor said the city turned itself in to the state because of the meeting violation last week, and you said there was no violation? Seems like there might have been a violation if they felt they needed to turn themselves in. Maybe checking with the city attorney or the attorney general would be a good idea? But, that would require some effort, right? It seems to me that James Jordan has shown that he might not be the guy to write about the happenings at the city. Report Reply 0 replies · active 251 weeks ago +1 Vote up Vote down michelle · 251 weeks ago If all the money is supposible all accountable then why can’t the city explain where it went we all know that most of the money if not has help bail out hospital for years and that we people don’t get our bills paid for us and if we are late its a late feed added and we are lucky if we get extion on our bill for a week after due date that ain’t fair to this city but yet everyone wants this town to grow well its not going if things keep on the raise this town will be a ghost town which is getting that way now Report Reply 3 replies · active 251 weeks ago +7 Vote up Vote down randy · 251 weeks ago you are so right Michelle, All the money should be accounted for, but they say that they can actually tells us where it went except the general fund. Interesting, yes wellington will be a ghost town in 3-5 yrs . And to spend 75,000 for warden park, but nothing to sellars park is a slap in the face to wellington. Im sure that 75,000 would build a nice locker room for football team and or other teams at sellars park. But that makes too much since to improve a traditional park then a park that’s used 3 months of the yr. Report Reply -1 Vote up Vote down brenda · 251 weeks ago so they claim its all accounted for in the general fund but okay that means it could of been used for personal purposes and nobody knows because it wasn’t accounted for after transition of the money. Report Reply +3 Vote up Vote down Larry · 251 weeks ago Building locker rooms for the school district is not the responsibility of the city. I am sure that if they would have done that several of you would have be complaining that they city shouldn’t not have done that. The citizens elect the people that they want to run the city and good or bad that is what you did, and yet you are not even willing to give them a chance to do it. Also a note to everyone on here, Wellington is not the only town or city that is having problems. they all do. Trust me on this, I would trade my utilities bills for yours any day and I would be very happy and you would be shocked even more than you are now. Report Reply Post a new comment Enter text right here! Comment as a Guest, or login: Login to IntenseDebate Login to Login to Twitter Go back Tweet this comment Connected as (Logout) Email (optional) Not displayed publicly. Name Email Website (optional) Displayed next to your comments. Not displayed publicly. If you have a website, link to it here. Posting anonymously. Tweet this comment Submit Comment Subscribe to None Replies All new comments Comments by IntenseDebate Enter text right here! Reply as a Guest, or login: Login to IntenseDebate Login to Login to Twitter Go back Tweet this comment Connected as (Logout) Email (optional) Not displayed publicly. Name Email Website (optional) Displayed next to your comments. Not displayed publicly. If you have a website, link to it here. Posting anonymously. Tweet this comment Cancel Submit Comment Subscribe to None Replies All new commentslast_img read more