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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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Perform to purchase RunningBall for 120 million Euros, iGaming Post

Perform to purchase RunningBall for 120 million Euros, iGaming Post | Poker & eGaming News | Scoop.it

Perform Group plc has proposed the purchase of real-time sports information provider RunningBall Holding for a minimum of Euro 101 million and to a maximum of Euro 120 million.

 

Oliver Slipper, joint chief executive officer of Perform, commented on the development saying: “We are delighted to be able to announce the proposed acquisition of RunningBall, which would be the largest & most significant in Perform’s history to date. RunningBall is a perfect fit for Perform – it is a high quality, high growth & high margin business whose unrivalled real time data offers us significant opportunities to accelerate our development. We are really excited about this transaction which adds the best sports data to our existing live video, video on demand & editorial content portfolio, enabling Perform to offer both businesses & consumers a complete digital sports offering.”

 

Other sources:

http://www.igamingbusiness.com/content/perform-agrees-purchase-runningball

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