AMSTERDAM/PRAGUE/WARSAW – Fortuna Entertainment Group recorded a consolidated net profit for the first half of 2011 of EUR 8.6 million, a 19.1% increase yoy, according to the preliminary unaudited financial results. This excellent result was achieved thanks to high volumes of accepted bets, strict operating costs management and significantly lower finance costs.

The Company accepted bets (Amounts Staked) in the amount of EUR 209 million in the first half of 2011, a 9.1% increase yoy. Financial results of the Fortuna, the leading Central European fixed-odds betting operator present on the markets of Poland, the Czech Republic, Slovakia and Hungary, confirmed continuing market growth in sports betting in the Central Europe.

Key driver of the growth was on-line betting in the Czech Republic and Slovakia. Despite the absence of big sports events for example such as the Olympic Games or the FIFA World Cup last year, Fortuna performed very well and has beaten its 2010 record figures.

„In the first half of 2011 our earnings continued to grow, primarily supported by a strong performance of online sports betting. While our total volumes of accepted bets were impacted by a lack of attractive sports events, we managed to grow our business in all revenue parameters. Our excellent results follow our chosen strategy of two main distribution channels, where retail shops serve not just as sales points but also provide online betting support.

During the first half of the year, we have been able to report additionally some revenues from sale of the instant scratch tickets which are part of the new Czech lottery business. For the rest of the year, we will fully focus on meeting our targets set in the lottery project, which is our key growth initiative as well as delivering planned results in the traditional sports betting segment. “ said Ji

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