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