Fortuna signs EUR 50 mln loan deal with Erste unit

PRAGUE, June 11 Tue Jun 11, 2013 10:11am EDT

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PRAGUE, June 11 (Reuters) - Czech betting company Fortuna Entertainment Group has signed a six-year loan deal worth 50 million euros ($65.97 million) with Erste Group Bank unit Ceska Sporitelna, it said on Tuesday.

The loan will be used for refinancing existing bank debt, a dividend payout and investments into development, Fortuna said. ($1 = 0.7579 euros) (Reporting by Jason Hovet; Editing by Michael Winfrey)

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