The group aims for a turnover of 600 million lei in 2024, tripling the amount in 2020
- Private placement targeting financing between 2.5 – 4 million euros
- Investments in platform optimization, expansion, and digitization of its network of agencies
- The target for 2021: revenue of 418 million lei, double compared to last year
- The target for 2024: revenue of 600 million lei
Stanleybet Capital, a superstructure of the Game World Group – one of the main operators of sports betting and gambling in Romania, wants to attract between 2.5 – 4 million euros through a private placement of bonds denominated in lei, unsubordinated, unsecured, non-convertible and with a maturity of 3 years, which runs from July 27th to August 30th. The funding will be used to support the group’s accelerated growth over the next three years, as Stanleybet Capital’s management aims for a turnover of 600 million lei in 2024.
The funds raised will be invested in the optimization of the online sports betting and gambling platform, in the expansion and digitization of the Stanleybet sports network of betting agencies, the implementation of mobile applications, and the development of the Stanleybet Plus network of premium agencies.
The intermediary of this investment is the brokerage company Goldring
“The gambling industry also suffered last year, from the Coronavirus pandemic, which, at the same time, gave momentum to online sports betting and gambling platforms. In an industry with many challenges – in terms of legislation, competition, consumer behavior and perception in society – the business of the companies within the Game World Group has been adjusted to withstand and capitalize on market opportunities. This private placement will help us to grow intensely in the next three years by achieving the strategic objective to build the best technological omnichannel solution that will provide the Romanian consumer with a conservative profile a unitary experience, both online and in agencies. This includes the optimization of the online platforms, the modernization and digitization of the agencies throughout the country, as well as expansion of the network of agencies” states Csaba Tanko – Chairman of the Board and Chief Executive Officer of Stanleybet Capital.
Double income in 2021 compared to last year
For this year, the management of the Game World / Stanleybet Capital group estimates revenue of approximately 418 million lei (double compared to 2020) and a net profit of 37.8 million lei. Also, for 2024, the management of the group aims at a revenue of 600 million lei and a net profit of 83 million lei.
Stanleybet Capital S.A. was established in November last year as an entity (holding company) with an integrative role for the business lines that had been developed since 1999 on the gambling and sports betting market in Romania by the companies from the Game World group.
The Game World / Stanleybet Capital group includes the companies Game World Romania SRL, Game World Invest Westgate Romania SRL, WAP Holdings Romania SRL and Megabet Internațional SRL (for the online division).
Thus, the Game World / Stanleybet Capital group includes 7 premium game rooms with the Game World brand in Bucharest, Constanța, Brașov and Alba Iulia, a network of 288 sports betting agencies and slot machines with Stanleybet brand and two online sports betting and casino games platforms (www.gameworld.ro and www.stanleybet.ro).
The first game room in the Game World network – Game World Bucharest Mall – was launched in September 1999 in the Bucharest Mall. With a continuity of almost 22 years, it is now the largest games room in Romania and in the area of South-Eastern Europe. Stanleybet is also a brand with a long tradition in Romania, with 18 years of activity on the local market.