E-Invest Purchases 10% Stake of Fortuna Loterie

Positive developments announced by the new CEO of Fortuna Entertainment Group

Fortuna Loterie, a Czech subsidiary of Fortuna Entertainment Group has inked a cooperation agreement to sell 10% stake in the firm to E-Invest. The company intends to use the revenues to reinforce the management team and accelerate the distribution network roll-out.

'By signing this agreement, Fortuna Loterie will obtain a strong shareholder and strategy partner that will bring a substantial input into the next development of Fortuna lottery segment,' said newly appointed chief executive of Fortuna Entertainment Group Radim Haluza.

'On the other hand, E-INVEST will have an opportunity to participate on further lottery growth of which its goal is to reach approximately 15-20 percent market share by mid 2014,' he added.

Fortuna Loterie offers a variety of numerical games including LOTO and SUPERLOTO, as well as the scratch tickets in the Czech market.

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