The operator’s profit margin went up to almost 28% from 25% in 2014 and only 4% in 2010 (when its revenue was one quarter of the 2015 level).
Max Bet operates via two legal entities in Romania, Max Bet SRL – which runs the large and medium-sized gaming places and Max Bet Jocuri Electronice SRL – which runs the smaller places, with fewer slot machines.
Max Bet has been operating in Romania since 2003 and is present in Bucharest, Bacau, Brasov, Buzau, Constanta, Craiova, Galati, Iasi, Piatra Neamt, Pitesti, Ploiesti, Ramnicu Valcea, Suceava, Targu Jiu, Targu Mures and Timisoara.
According to the latest information available, Max Bet is owned by another company, Toptunes Limited, based in Cyprus, and the Romanian manager is Gherghina Ionescu. Gherghina Ionescu did not return ZF’s calls for comment on the results by press time.
(English version by Loredana Fratila-Cristescu)