Fortuna hurdles Romanian acquisitions legal debacle

There’s no more legal impediment that will bar investors of the Eastern European betting and lottery operator Fortuna Entertainment Group from voting on its proposed acquisition of four Romanian gambling companies after a Dutch appellate court dismissed a petition against the firm’s move.

SeeNews reported that the Amsterdam Court of Appeals threw out the petition for injunction that Franklin Templeton investment funds as it seeks to stop the purchase of Bet Active Concept, Bet Zone, Public Slots and Slot Arena.

Per Widerström, CEO of Fortuna, lauded the court’s Monday decision, saying the company may now move forward with their plans to boost the company’s Romanian market presence. The company has scheduled an extraordinary meeting of shareholders planned on August 1 to vote on the acquisition plans.

“This acquisition, together with previously acquired Casa Pariurilor (as part of Hattrick Sport Group), means that Romania will become our biggest market and that Fortuna Entertainment Group will become the number one regulated sports betting and gaming operator in the Romanian market,” Per Widerström, CEO of Fortuna, said, according to the news report.