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Fortuna turnover +15%, earnings -15%, iGamingBusiness

Fortuna turnover +15%, earnings -15%, iGamingBusiness | Poker & eGaming News | Scoop.it

Central and Eastern European online and retail sportsbook operator Fortuna Entertainment Group NV has released its financial results for the first six months of 2012 showing that it experienced a 14.7 percent year-on-year rise in total revenues to €48.04 million.

 

Earnings before interest, tax, depreciation and amortisation for the six months to the end of June hit €10.13 million, which was a decline of 14.7 percent year-on-year, with Fortuna declaring that this area had been impacted by a 212 percent drop in earnings from its lottery business when compared with the same period in 2011 to post a deficit of €3 million although sportsbetting experienced a 2.3 percent improvement to €13.14 million.

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B2B social gaming nearly non-existent, Gaming Intelligence

Nyx, with its NextGen Gaming studio, and Cozy Games are two of a very select group of B2B suppliers to have made any impact at all on the facebook gaming environment. If you look at the bare statistics, that impact looks limited compared to the likes of Zynga, Double Down Interactive and Playtika but Davey has been won over, as has his counterpart at Cozy, Sree Vanga.

 

Thus far neither Cozy or NextGen has persuaded a real money operator to dive in. Wheeler and Johnson believe they will although there is some consternation from operators mulling how best to approach it. Some believe they need the killer app before entering while others believe they can launch with something more generic while they learn about how to exploit the facebook platform. Others would just prefer it to go away.

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