The Juroszek family, best known for owning the Polish betting operator STS Holdings, is likely to become the largest stakeholder in Gaming Innovation Group (GiG), with an 11.08% holding. The family’s choice to invest in GiG follows the sale of a controlling stake in STS to the Entain CEE joint venture. The Juroszek family intends to assist GiG’s growth with a long-term investment strategy, recognizing it as an appealing player in the iGaming sector.
STS CEO Mateusz Juroszek cited GiG as one of the most interesting iGaming companies in the public market, particularly in light of exchange rates. The family’s considerable expertise in the sector, which spans more than two decades, prompted them to extend their participation in GiG’s shareholder structure. The company’s value and positive analyst predictions, which project strong EBITDA growth and revenue growth, justified their share acquisition even more.
GiG announced a strategic assessment in February 2023 to divide its platform services and media divisions into two distinct firms. This change is intended to improve concentration and strategic flexibility within each segment. Both portions of the organization are appealing to the Juroszek family for funding. They recognise the media division’s significant revenue growth, diverse markets, and strategic acquisitions. Furthermore, GiG’s platform services, which have over 40 secured licences and have expanded into sports betting via the Sportnco purchase, provide significant market access and income potential.
The Juroszek family entered the arrangement through three investment entities: MJ Investments, Juroszek Holding, and Betplay Capital, all of which are controlled by separate family members. Mateusz Juroszek’s MJ Investments, Zbigniew Juroszek’s Juroszek Holding, and the collective ownership of Betplay Capital by Zbigniew, Mateusz, and Tomasz Juroszek illustrate their dedication to GiG’s long-term prosperity.
The Juroszek family foundations got a 10% interest in Entain CEE following the sale of STS to the Entain CEE joint venture. This ownership, however, may be reduced to 5% if STS fails to fulfil specific financial benchmarks. Entain raised £600 million to fund the transaction, with £150 million set aside for near-term acquisitions. Notably, Entain recently decided against acquiring Portna Loterija, Slovenia’s sports betting monopoly.
In August 2022, Entain launched the Entain CEE joint venture to focus on acquisitions in Central and Eastern Europe. The Juroszek family’s 10% ownership in the joint venture puts them as significant stakeholders in the region’s future expansion. This collaboration enables Entain to access local markets by acquiring established operators rather than building their own brands.
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