AMSTERDAM/Warsaw/Prague – Fortuna Entertainment Group, the leading Central European fixed-odds betting operator, has announced its unaudited consolidated results for the first three quarters of 2013. The reported financial results confirmed a strong performance as well as outstanding top line figures for all key parameters.

·         Total Amounts Staked increased by 21.3% to EUR 405.2 million

·         Total Gross Win up by 6.9% to EUR 83.4 million

·         Gross Win from on-line sports betting increased by 40.1% to EUR 36.2 million

·         Total EBITDA grew by 36.2% to EUR 18.1 million

“We are pleased to once more report very good results for the first nine months of 2013. Fortuna accepted total bets in the amount of EUR 405.2 million, which is 21.3% more than last year and our Group EBITDA reached EUR 18.1 million, up 36.2% year on year. The main driver of our performance was expansion of internet and mobile sports betting which has been growing rapidly this year in all the countries where Fortuna is present. We remain positive concerning our performance for the rest of 2013 and we believe that our targets for this year will be met,” said Radim Haluza, CEO of Fortuna Entertainment Group.

The Group’s Amounts Staked for the first nine months of 2013 was EUR 405.2 million, a strong 21.3% yoy increase. This growth was driven primarily by the expansion of on-line betting in all the countries where Fortuna operates. The Amount Staked on sports betting reached EUR 394.1 million in the first nine months of 2013, a 23.1% improvement on the first nine months of 2012. The Amounts Staked on lottery betting in the first nine months of 2013 totalled EUR 11.1 million.

In the first nine months of 2013, the total Gross Win reached EUR 83.4 million, an increase of 6.9% compared to the first nine months of 2012.

The Gross Win from sports betting was EUR 78.1 million, a 10.0% increase yoy. Of this figure, the Gross Win from on-line betting in the first nine months of 2013 increased to EUR 36.2 million, a substantial gain of 40.1% over the same period of 2012. The Gross Win from retail betting in the first nine months of 2013 amounted to EUR 41.9 million, a 7.1% decline yoy. In the first nine months of 2013, the Gross Win from the lottery business was EUR 5.3 million.

In the first nine months of 2013, total EBITDA increased to EUR 18.1 million, a 36.2% increase over the same period of last year. Of this, a 9.7% growth in sports betting represented an EBITDA of EUR 18.4 million. The lottery EBITDA loss equalled to EUR 300 thousand, compared with a loss of EUR 3.5 million in first nine months of 2012.