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.
“The gambling industry, too, suffered last year, as a result of the COVID-19 pandemic, which gave momentum to online sports betting and gambling platforms. (…) This private placement will help us grow a lot in the next three years by reaching our strategic goal of building the best technological omnichannel solutions (…). It will entail optimization of online platforms, upgrading and digitalizing betting parlors in the country and expanding the betting parlor chain,’ says Csaba Tanko, CEO and chairman of the board of Stanleybet Capital.
Game World / Stanleybet Capital 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 profit RON83 million in 2024.
(English version by Loredana Fratila-Cristescu)