Fortuna Entertainment Group, the central European fixed-odds betting and gaming operator, has announced an increase in accepted bets for 2017.
Total amounts staked in Q1 2017 increased by 20.1 per cent to €302.2m. Total gross win in Q1 2017 went up by 12.2 per cent to €42.7m.
Online sports betting gross win in Q1 2017 increased by 18.5 per cent to €28.3m.
Per Widerström, chief executive officer of Fortuna Entertainment Group, said: “The amounts staked grew double digits in all our key markets, primarily driven by the online betting growth and in particular mobile sports betting while retail grew low single digit. We also recorded in this quarter the first bets from the recently launched online casino in the Czech Republic of which we started as the first regulated operator at the end of February.
"Our operating profitability measured by EBITDA was impacted by lower margins due to unfavourable sports results across all markets and the planned increase of operating costs in connection with building operational excellence and CEE expansion.”
