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Fortuna raises earnings forecast following Q4 margin growth

18th January 2018 10:09 am GMT

European betting and gaming operator Fortuna Entertainment Group has revised its earnings forecast for 2017 after benefiting from a higher than expected sportsbook margin during the final quarter of the year.

The company expects total amounts staked to be in line with the previously communicated guidance of €1.9bn, with group EBITDA expected to rise by between 135 per cent and 150 per cent compared to the previous year.

This compares to its previous guidance of between 80 and 95 per [...]

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