Fortuna to launch lottery in Czech Republic
AMSTERDAM/PRAGUE (6 October 2010) – FORTUNA sázková kancelář, a.s., a subsidiary of Fortuna Entertainment Group N.V., (“Fortuna”), the leading operator of fixed-odds betting with outlets across Central and Eastern Europe, has signed an agreement with Intralot Holdings International, the world’s leading provider of lottery games and technologies. According to the agreement, Intralot will supply Fortuna with up to 5,000 lottery terminals. The expected launch of lottery operations in the Czech Republic is set for 2011. The concluding of the agreement was preceded by the Czech branch of Fortuna receiving a licence to operate numerical lottery games from the Finance Ministry in July 2010.
“We are happy that our strengths will combine with those of a partner as strong as Intralot. The lottery market creates margins that are 50% higher than those generated by fixed-odds betting. It will be a major milestone not only for Fortuna, but for the whole gaming market in the Czech Republic. Until now, the segment has been dominated by a monopoly company. We also think that increased competition on the lottery market will create more favourable conditions for the consumer and establish healthy competition, something that has been missing for years,” said Jiri Bunda, CEO of Fortuna Entertainment Group.
“We are very pleased to enter the promising Czech market together with Fortuna, a strong player in Central Europe with a solid presence in the country. We are confident that our cooperation, based on Fortuna's market experience and INTRALOT's state-of-the-art products and services, guarantee the success of the project,” stated Fotis Mavroudis, Managing Director Europe/North Africa Region of INTRALOT.
In accordance with the agreement, INTRALOT will provide Fortuna with the central lottery infrastructure and terminal stations that enable customers to submit their lottery tickets. The ‘microLOT’ terminals will be available at all Fortuna outlets and throughout the retail network of the current sole owner of Fortuna Entertainment Group, investment group Penta. The network includes the established retail chain ‘Žabka’ and the recently acquired supermarket chain ‘Koruna’.
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