The company also posted RON100 million net profit, 13% higher than in the previous year, so its profit margin in Romania reached 21% in 2017, the same as in in 2016.
“The revenue increased because of the increase in the number of locations, in addition to an improvement in productivity and efficiency,” said Gherghina Ionescu, the manager of the Max Bet operations in Romania.
Max Bet group operates via two legal entities in Romania (Max Bet SRL – large and medium-sized venues and Max Bet Jocuri Electronice SRL – smaller venues, with fewer slot machines).
Max Bet’s revenue has grown 1.8 times in Romania compared with fie years ago, while profitability has increased by 1.6 times. The average number of employees has gone up by 450 people to almost 1,400 on average last year.
Max Bet has 117 operational locations at the moment. (EUR1=RON4.6616)
(English version by Loredana Fratila-Cristescu)