Tag Archives: Czech Rep

partypoker returns to tough Czech Rep market

GVC Holdings’ property partypoker has announced its official return to the Czech Republic online gambling market in partnership with regional casino operator King’s Resort Rozvadov.  Closing 2018, partypoker Managing Director Tom Waters revealed that the online poker room had been granted a licence by the Czech Finance Ministry. The update sees partypoker become the second international operator and online poker room …

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Playtech leads Fortuna upgrade, as betting group ups profile in new markets

FTSE gambling technology group Playtech Plc has confirmed that it will expand and upgrade its existing lead supplier relationship with Central and Eastern European (CEE) betting group Fortuna Entertainment Group.    Updating the market, Playtech announces that Fortuna has approved the roll-out of its ‘IMS – player management platform’ to be integrated across its properties operating in the markets of …

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Tougher regulatory requirements see NetEnt report Q4 2017 revenue & earnings lag

Publishing a corporate update, Stockholm-listed industry games developer NetEnt has detailed that its Q4 2017 results (period ending 31 December) will ‘lag behind market forecasts’. Updating stakeholders, NetEnt governance expects to deliver Q4 2017 corporate revenues of SEK 419 million (Q4 target: SEK 447 million), combined with a period EBIT of circa SEK 150 million (Q4 target: SEK 170 million). …

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BetStars gains Czech Rep betting approval

Czech news sources have reported that The Stars Group online betting subsidiary BetStars, will become the first international betting operator to service the newly regulated Czech Republic online gambling market. Last week, Czech news sources reported that the Czech Finance Ministry had published details of approved licensed operators for its new online betting regime, with BetStars featuring as the sole …

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Fortuna boosts cross-channel payment capabilities with EML ‘reloadable cards’ partnership

Eastern European betting group Fortuna Entertainment has expanded its player payment provisions by integrating EML Payments Europe (EML Group) ‘branded reloadable cards’ for its multi-channel operations. Fortuna the largest betting operator within Eastern Europe’s regulated markets, will initially roll-out EML cards access across its Czech Republic operations, with the potential to expand to other core markets in which the group …

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

Presenting 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 …

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Czech Rep Tipsport enhances markets with BetConstruct live data provisions

Updating the market, industry platform and software supplier BetConstruct has informed that it has signed a ‘live scouting data’ partnership with the Czech Republic based operator Tipsport. Agreeing terms, the partnership will see Tipsport utilise BetConstruct provisions to enhance its current pre-match and in-play sports betting offering, further allowing its players to engage with more betting markets and live data. …

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Penta moves to buy Fortuna Entertainment outright

Eastern European investment group Penta Group Investments (Penta) has announced that it will move to buy outright the remaining shareholding of Czech-listed gambling operator Fortuna Entertainment (Fortuna). At present, Penta holds 68.25% of the corporate equity in Fortuna through gambling investment subsidiary Fortbet. Penta management will aim to turn Fortuna into a wholly-owned private company, removing the firm from its listings …

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Fortuna continues Romanian expansion with €47 million deal for Fortbet assets

Fortuna Entertainment continues its M&A expansion within the licensed Romanian gambling market. The Eastern European bookmaker confirmed this week that it was closing in on the acquisition of Fortbet Holdings gambling assets. Updating the market, Fortuna detailed that it was in the final stages of negotiations for the Fortbet properties of Bet Active Concept SRL, Bet Zone SRL, Public Slots SRL and Slot Arena SR. …

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