BUSINESS

Fortuna installs interim CEO; Bingo site astonished at success; Red Star entering the sports betting arena

TAGs: Bingo.com, Fortuna Entertainment Group, red star

FortunaFortuna Entertainment Group has announced that Wilf Walsh is to assume the mantle as interim CEO. From January, the current vice chairman of the management board will take on the role in place of the departing Jiri Bunda. The outgoing CEO oversaw a sustained period of expansion in Eastern European countries including the establishment of a sports betting site in Poland and increased exposure in the Czech Republic. Walsh, who will be sitting in the big dog’s seat until at least May, commented: “The permission of on-line betting in Poland is a unique opportunity for us as well as intensive development of the lottery business in the Czech market.”

Bingo.com has issued a statement expressing their bewilderment and astonishment at the drastic upturn in its share price. The company, which trades on the Over the Counter market, saw shares shoot up 30.77% to $0.170 and it appears they’re as clueless as everyone else on why this happened. The statement read: “it is not aware of any material corporate development or material change which could account for the price changes.”

European-facing poker brand Red Star has launched a sports betting site in collaboration with software provider Sports Betting Tech (SBT). The site, which will primarily cater for the Eastern European market, chose SBT “because they offer a superior live betting product and turnkey managed sports betting platform” according to Red Star director of operations, Maxim Brovko. The site will be available in both Russian and English and can be found at http://www.redstarsports.eu.

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