Fortuna witholds dividend to better finance digital improvements

Fortuna Entertainment stockholders will have to forego their 2014 dividend following a decision by the company’s Board, which is intent on investing in future growth opportunities.

These are particularly important regarding a new IT platform enabling multi-channel, -product and -country capability, operational excellence, and people that will support further organic growth and expansion into Central and Eastern Europe.

A statement from the Board advised investors this week: “These investments will strengthen the company’s current position as the leading Central European licensed sports betting operator.

“It will also support Fortuna in its ambition to become the undisputed leader in the regulated Central and Eastern European sports betting and gaming sector with the most trusted and exciting multi-channel betting and gaming brand, scalable platform and outstanding customer experience.”

At the end of 2014 Per Widerstrom became the new chairman of the Management Board and CEO at Fortuna Entertainment Group and will lead the company through its growth strategy.

He has a strong international industry track record of successfully managing companies in the sport betting and gaming sector and joined Fortuna from Gala Coral Group, where he was m.d. of Gala Interactive.

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