Unibet Online Casino Group Needs Investment
29th November, 2007
Unibet is one of the biggest online casino, poker, and sportbetting operators based in Stockholm. The company now wants to expand and in order to fund such move they need $150 million. Uniber is hoping to get that money through the bond market in the near future.
The negotiations and “talks” between online casino giant and numerous other firms have been going for a while now. The company is trying to negotiate acquisitions, which is part of their overall expansion plan that is specifically designed to generate rapid growth in a number of particular geographic markets.
This is taken from the Unibet statement: “For the purpose of being financially prepared in connection with such acquisitions, Ohman Fondkommission has been assigned by the Board of Directors to explore the possibilities of raising capital in the bond market to a maximum volume of 100 million Euros in line with the company’s financial objectives.”
Since Unibet came to life, in 1997, the group achieved amazing results in terms of rapid but well maintained growth, which is why it is now one of the top privately owned gambling operators in Europe. The company has developed an aim of becoming one of the three biggest players in every market it operates in.
