“The rise in revenue is both quantitative, because of the opening of new locations in 2017 and 2018 and qualitative, though improvement of economic performance in view productivity and efficiency especially for the locations opened before 2017. The same factors contributed to the rise in profit,” Gherghina Ionescu, manager of the MaxBet business in Romania, said.
With RON571 million revenue in 2018, the financial results are comparable to those of Albalact, the leader of the local dairy market (which posted some RON590 million revenue in 2017).
The Max Bet group is represented by two legal entities in Romania (Max Bet SRL – which runs the larger slot machine parlors and Max Bet Jocuri Electronice SRL, which runs the smaller ones).(EUR1=RON4.7560)
(English version by Loredana Fratila-Cristescu)