Tag Archives: slovakia

37% Q1 earnings decline sees Fortuna revise 2016 corporate guidance

SBC News 37% Q1 earnings decline sees Fortuna revise 2016 corporate guidance

A tough opening to its 2016 corporate performance, has seen Eastern European gambling operator Fortuna Entertainment revise its year guidance detailing an EBITDA drop ranging between 10-15%. Updating the market on its Q1 2016 (period ending 31 March), Fortuna reported a group wagering increase to €251 million (up 26% on corresponding Q1 2015) combined with Gross Win revenues of €38 …

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Olympic Entertainment Group merges Eastern European gambling assets

SBC News Olympic Entertainment Group merges Eastern European gambling assets

Issuing a market update, Tallinn (Estonia) listed gambling operator Olympic Entertainment Group (OEG) has confirmed that it will merge Eastern European assets following the publication of its end of year results. Undertaking a corporate review of operational assets in its eight active markets (Estonia, Slovakia, Poland, Belarus, Latvia, Lithuania, Italy and Malta) OEG governance announced that it would merge business …

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Polish tax charges see Fortuna Entertainment post flat 2015

SBC News Polish tax charges see Fortuna Entertainment post flat 2015

Publishing its unaudited full-year results for 2015 (period ending 31 December), Eastern European gambling operator Fortuna Entertainment (Fortuna) has reported that Polish VAT charges have impacted company performance as Fortuna posted a flat adjusted EBITDA of €27 million (2014: €27.2 million). Despite recording no EBITDA growth, Fortuna governance detailed positives as the company saw top-line revenue and gross win growth …

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NIKÉ Slovakia extends Virtual provisions with Inspired Gaming

SBC News NIKÉ Slovakia extends Virtual provisions with Inspired Gaming

Gambling technology firm Inspired Gaming (Inspired), has announced the extension of its Virtuals partnership with Niké, the leading licensed gaming operator in Slovakia. Niké launched Inspired’s Virtuals in 2012 online and across 200 retail outlets. It currently offers a number of Inspired’s Virtual Sports inventory, including: Rush Football, Rush Cycling, Rush Tennis, Rush Motor Racing, Rush Horses and Rush Greyhounds. Niké has also launched Inspired’s …

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Fortuna Entertainment records retail & digital growth in 2014

SBC News Fortuna Entertainment records retail & digital growth in 2014

Eastern European gambling operator Fortuna Entertainment reported year-on-year growth as the operator reached €674 million in wagering revenues up 18.5% on 2013 figures (€567 million). Fortuna Entertainment reported growth on all top line metrics, as the operator recorded EBITDA revenues of €28.4 million up 6.4% on FY 2013 €26.7 million. The operator sustained a 2014 net profit of €15.9 million …

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Slovak Football Rocked By Match Fixing Allegations

Slovak football has been rocked this weekend by allegations concerning four active and three former Slovakian professional football players regarding football match fixing and having ties with Asian-based match fixing groups. This past weekend saw the arrest of 16 people with ties in Slovak football in a  Slovak and Czech police joint task-force to stop corruption in regional sports. Slovak …

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