The intermediary of the bid is SSIF Goldring
Stanleybet Capital, a suprastructure of the Game World group – one of the leading sport betting and gambling operators in Romania, closed the bond offering with a total value of 20 million RON (approximately 4 mil. EUR). The intermediary was SSIF Goldring, a brokerage company. The bonds issued have a three-year maturity and a fixed interest rate of 10% per year, payable half-yearly.
The investment was supposed to happen between July 27th and August 30th, but it ended early, on August 5th, as it reached the maximum subscription ceiling in a amount of short time.
During the subscription period, 133 investors have been registered in the total volume of 200.000 bonds and a total value of 19.800.000 RON, hence reaching the maximum ceiling subscription, with a nominal value of 20.000.000 RON. The average subscription value was 149.000 RON.
The bonds will mature by 2024, with a 10% annual debt payable half-yearly. The bonds will be listed within The Multilateral Trading System, managed by the Bucharest Stock Exchange.
The funding will be used to optimize the online sport betting and gambling platform, to extend and digitalize the Stanleybet agencies, implement the mobile phone apps and develop the premium network agencies Stanleybet Plus.
Vision: integrated online and offline business through an omnichannel solution
These investments will sustain the significant growth of the group within the next three years, as Stanleybet Capital management aims to reach 600 million RON in revenue and a net income of 83 million RON in 2024. For this year, Stanleybet Capital aims for a turnover exceeding 418 million RON, compared with the last year’s proceedings of 200 million RON.
“Our vision is to build an integrated online and offline business through an omnichannel solution which provides a unified customer experience, both in the physical agencies, as well as on the online betting platform. Accessing the investment capital necessary will give the business an accelerated growth rate within the next three years“, said Csaba Tanko – Chairman of the Board and General Manager of Stanleybet Capital.
Stanleybet Capital S.A. was established in November 2020 as an entity (holding company) with an integrative role for the business lines the companies in the Game World Group had been developing since 1999 on the gambling and sport betting market in Romania.
The group was established in 1999 – when the first game room was inaugurated. Currently, the group has seven premium game rooms under the Game World brand (in Bucharest, Constanta, Brasov and Alba Iulia), a network of 288 sport betting agencies and slot machines gambling under the Stanleybet brand and two online platforms for sport betting and casino games (www.gameworld.ro and www.stanleybet.ro).
The Group Game World / Stanleybet Capital has approximately 2,000 employees and it includes Game World Romania SRL, Game World Invest, Westgate Romania SRL, WAP Holdings Romania SRL and Megabet Internațional SRL (for the online division).