The funding carries a 10% yearly interest and is due in three years. It will be listed on the Bucharest Stock Exchange soon, Goldring officials told ZF.
Stanleybet Capital S.A., established to integrate the lines of business developed by Game World companies on the sports betting and gambling market in Romania, plans to use the funds raised to optimize the betting platform, implement mobile applications, digitalize and upgrade technologies of its betting parlors and expand the betting parlor chain.
Game World / Stanleybet Capital management expects about RON418 million revenue, double the 2020 level, and RON37.8 million net profit this year. It also expects revenue to reach RON600 million and net profit RON83 million in 2024.
Stanleybet Capital S.A. was established last November as a holding company designed to integrate the business lines developed by the Game World group companies on the gambling and sports betting market in Romania since 1999.
(English version by Loredana Fratila-Cristescu)