Swedish online gaming outfit Cherryföretagen also had a bumper Q1. The folks behind PlayCherry.com saw EBITDA rise 80% to SEK11.9m (€1.32m) on a 22% rise in turnover to SEK119.1m (€13.24). The company’s online operations accounted for SEK8.6m, adding 1,385 active customers (total: 34,345). Restaurant casino operations brought in SEK2.9m, up 61% over 2011. CEO Emil Sunvisson says the primarily Scandiavian-facing operator has high hopes for expansion into new European markets via EuroSlots.com.
Czech betting/lottery operator Fortuna Entertainment Group’s earnings were essentially flat in Q1, slipping 0.3% to €8.4m. Turnover fell by a similar margin to €113.8m, but gross win rose 15.9%. Fortuna’s performance was better than most analysts had expected, considering the company took a €1.2m earnings hit on its lottery operations, which aren’t expected to start paying off until H1 2013. The 9k users at Fortuna’s new online sports betting operation in Poland contributed 13.1% of total turnover, up from 11.9% in 2011.