iGaming Industry
Fortuna reports EUR 720.7m in amounts staked in H1 2017, up 40.9 percent
Fortuna Entertainment Group N. V., the leading Central European regulated multi-channel fixed odds betting and gaming operator, has announced preliminary unaudited consolidated results for the first half of 2017.
– Total Amounts Staked increased by 40.9 percent to EUR 720.7m in H1 2017
– Total Gross Win for this period grew by 24.5 percent to EUR 100.2m
– Total EBITDA decreased by 22 percent to EUR 7.6m
“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,” said Per Widerström, CEO and Chairman of the Board, Fortuna Entertainment Group N.V.
In the first six months of 2017, Fortuna recorded total Amounts Staked of EUR 720.7m, which, compared with the same period the previous year, is an increase of 40.9 percent. This strong growth in the volume of accepted bets was mainly driven by continued expansion in online betting across all markets, including online gaming in the Czech Republic. It was also supported by the performance of Hattrick Sports Group Ltd., consolidated since the end of May 2017.
During the first six months of 2017 Fortuna’s Gross Win increased by 24.5 percent year on year to EUR 100.2m. The growth in Gross Win was mainly driven by an expansion of the online side of the Group’s gaming business, which is characterised by a lower margin.
Fortuna Entertainment Group’s EBITDA for the first half of 2017 was EUR 7.6m, 22 percent lower than during the same period the previous year. EBITDA was significantly affected by one-off costs associated with expansion across the CEE region and the integration into the Group of recently acquired business operations. Excluding these one-off costs, EBITDA would have increased by about 8 percent year on year.
The Group’s total net profit for H1 2017 was EUR 2.5m, 53.1 percent lower than H1 2016 figures. This decrease was caused by the aforementioned one-off expansion and integration costs as well as one-off costs relating to the refinancing of the Group’s external debt.…
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Source: EEGaming.
Pragmatic Play, a leading content supplier to the iGaming industry, has reinforced its commitment to Latin American expansion by strengthening its existing relationship with Colombian operator FullReto.
The latest agreement will see FullReto offer its players a broad selection of Pragmatic Play’s unique Virtual Sports titles, building on an already extensive offering of over 300 Slots and Live Casino games.
Fantastic League, Greyhound Racing, and the thrilling motor racing-themed Force 1 are among the games now available to FullReto customers as the operator looks to capitalise on the rapidly increasing popularity of Virtual Sports to consolidate its position as a leading platform in Colombia.
The multi-product partnership reaffirms Pragmatic Play’s intentions to expand its offering in the LatAm markets, with FullReto now offering a vast catalogue of Pragmatic’s award-winning games across three verticals.
Victor Arias, Vice President of Latin American Operations at ARRISE powering Pragmatic Play, said: “Pragmatic Play is delighted to reinforce its partnership with FullReto by providing its players with access to its renowned Virtual Sports games. The deal not only emphasises Pragmatic Play’s desire to provide Colombian players with an exciting online gaming experience, but also demonstrates the supplier’s dedication to furthering its Latin American expansion.”
Andrés Tamayo, General Manager at FullReto, said: “FullReto’s continued collaboration with Pragmatic Play highlights our main objective of supplying the optimal player experience. The addition of Pragmatic Play’s Virtual Sports offering, on top of its Slots and Live Casino games, will ensure FullReto players have access to hundreds of fan-favourite games across a variety of verticals.”
Pragmatic Play, a leading content supplier to the iGaming industry, has expanded its Live Casino footprint across Peru after going live with major local operator, Atlantic City.
The partnership sees Pragmatic Play’s full Live Casino portfolio integrated with the operator, enabling players in Peru to enjoy market-leading titles such as Blackjack, Roulette, and Baccarat from the supplier’s award-winning portfolio.
This latest agreement showcases Pragmatic Play’s plans for growth in LatAm, exhibiting an array of its verticals across multiple territories in recent months. It is the latest deal signed by Pragmatic Play with a Peruvian operator, following a comprehensive growth strategy in the country.
Victor Arias, Vice President of Latin American Operations at ARRISE powering Pragmatic Play, said: “Atlantic City is one of Peru’s most reputable operators and offers another opportunity to showcase the Pragmatic Play Live Casino portfolio in Peru. With an offering that will deliver exceptional gaming experiences to players, this partnership promises to cement Pragmatic Play’s position at the forefront of the Peruvian iGaming industry.”
Alonso Huiman, Chief of Online Casino at Atlantic City, said: “This landmark agreement with Pragmatic Play is a pivotal moment for us. Its vast selection of table and card games will resonate seamlessly with our player base and we are confident that this will propel our brand to new heights.”
Pragmatic Play, a leading content supplier to the iGaming industry, is set to participate in CGS Santiago this month, as the provider seeks further inroads across the continent.
The provider is also the standalone Diamond Sponsor at the event, which takes place at Espacio Riesco in the country’s capital, Santiago, on May 29 and 30.
Pragmatic Play is set to attend the event as a renowned actor in the market, for its multi-product offering, comprising Slots, Live Casino content, Virtual Sports, Sportsbook, and Bingo, including fan-favorite titles Gates of Olympus and the popular Blackjack X.
With expo season now in full swing, CGS Santiago marks another conference in the region for the supplier, following its presence at BiS – SiGMA Americas in Brazil, GAT Expo in Colombia, and SBC Summit Rio earlier this year.
Victor Arias, Vice President of Latin American Operations at ARRISE powering Pragmatic Play, said: “Latin America remains a key focus for Pragmatic Play as it gears up to make meaningful connections in Chile, a region full of potential as the iGaming industry continues to evolve in this part of the world. Pragmatic Play is also proud to be a Diamond Sponsor at this year’s expo, showcasing the importance that CGS Santiago represents and the immense opportunities that the two-day event has on offer.”
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