After giving an interview to Painel S/A, part of the Folha de S. Paulo group, the executive chose to record a video to adjust some points and delve deeper into others.
The betting market, with its magnitude of R$120 billion (US$ 21.7bn), offers significant opportunities and understanding these nuances can be decisive for your investments.
That is why Galvão offers an updated view on the strategies and opportunities of Crownstone Ventures, a mergers and acquisitions company specialized in the vibrant universe of sports betting, lotteries and casinos in Brazil.
“The strength and robustness of the recently regulated betting market in Brazil, which moves R$120 billion in the country, is very convincing. In other words, it is the size of Vivo, Vibra or Ambev,” says the executive.
“We are a fund of American origin, with American and Swiss capital. The main forms of return for a fund that invests in this sector are the distribution of dividends to investors or participation in the sale of the business,” explains Brunno Galvão.
This year, Crownstone will invest R$50 million in the acquisition of betting houses that will not be regulated. “The goal is to merge these operations and form new brands that will receive licenses to operate in Brazil. By 2025, the goal is to raise another R$300 million to expand the plan,” he reveals.
Finally, Galvão indicates that the profit (LL) of a betting house in the European market is on average 18%. “In Brazil, the numbers are even more promising,” reveals the executive who until becoming CEO of Crownstone Ventures, was a serial entrepreneur.
Brunno founded and presided over several startups over the course of 15 years. Among them are Remarcados, Super Prix, The Fresh and Labsvet. He specialized in leadership at Stanford University and is a published author.
Source: GMB
