Fortuna Entertainment Declines After Third-Quarter Profit Drops

Fortuna Entertainment Group NV (FORTUNA) shares declined after the Czech bookmaker said its third-quarter profit fell on costs linked to the start of a lottery business.

The stock slumped as much as 2.9 percent and traded down 1.5 percent to 96.5 koruna as of 10:01 a.m. in Prague. The Czech Republic’s PX gauge of companies retreated less than 0.1 percent.

To contact the reporter on this story: Krystof Chamonikolas in Prague at kchamonikola@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net

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