The Juroszek family purchased shares in GiG due to its undervalued status and the recent sale of a stake in STS to Entain CEE.
Mateusz Juroszek, STS CEO, believes GiG is an attractive igaming business, particularly considering exchange rates.
The family intends to be a long-term investor and support GiG’s growth.
Mateusz Juroszek highlights the importance of GiG’s current valuation as a reason for the share purchase.
Analyst estimates predict significant EBITDA growth and revenue increase for GiG.
In February 2023, GiG announced a strategic review to split its platform services and media businesses into separate entities.
The family finds both sections of GiG attractive for investment.
GiG’s media business has experienced significant revenue growth and strategic acquisitions.
The platform services section offers market access and expansion opportunities through acquisitions such as Sportnco.
The Juroszek family invested in GiG through three entities: MJ Investments, Juroszek Holding, and Betplay Capital.
Entain CEE joint venture and family foundations hold stakes in STS and GiG.
Entain CEE raised funds to acquire SuperSport and pursue further expansion in the CEE region.
