Fortuna Entertainment Group Names Dieter John CEO as Victor Corcoran Steps Down

Fortuna Entertainment Group (FEG) has announced the appointment of Dieter John as its new chief executive officer. As someone who has already impacted the company’s business, the appointee is well-positioned to deliver a new phase of growth.

The New Appointee Heralds a New Phase of Growth

According to FEG’s official statement, John was named CEO on January 7, succeeding the outgoing Victor Corcoran. Effective immediately, the change ended the latter’s two-year term at the helm of the gambling company.

John is no stranger to FEG’s business and has already “made a significant impact” on the business during his time as its chief financial and operations officer. Thanks to his time in this position, the appointee was deemed to be a perfect fit for the company.

Boasting a profound understanding of FEG’s business and having played a key role in prior executions of the company’s strategy, John is poised to lead the gambling firm into the “next phase of growth and success.”

Congratulations to Dieter on his new role – we’re looking forward to this next chapter at FEG!

Fortuna Entertainment Group statement

In the meantime, FEG thanked Corcoran for his invaluable contributions as CEO for the past two years and a half. The company thanked him for driving progress and wished him all the best.

John Boasts an Impressive Track Record

John, for context, was praised as an individual with a robust track record in driving change within international organizations. He has held leadership positions at a variety of companies, highlighting his corporate experience.

Prior to joining FEG in March 2024, John served as CEO & chair of the management board of Planet Home Group. Before this, he stood at the helm of AERO Vodochody AEROSPACE for almost three years, serving the company as president and CEO. Between 2016 and 2019, John chaired Heckler & Koch AG.

Penta Considered Selling FEG

The appointment of John as CEO follows the recent decision of FEG’s owners to forgo selling the company. In March 2024, Penta Investments, which owns FEG,eyed a potential sale of the division.

As one of the leading operators in Central and Eastern Europe, the gambling company could have sold for as much as EUR 2 billion, according to earlier speculations.

As an operator with a presence in Croatia, the Czech Republic, Poland, Romania and Slovakia, FEG could have interested local gaming giants and equity firms.

The potential sale was discussed shortly after regulatory reforms in the United Kingdom and Ireland, which have impacted the valuation of many gaming companies. However, the Penta team eventually gave up on the sale and opted to retain ownership of the division.