Evoke, a major global betting and gaming company, has announced its acquisition of Winner.ro, a leading online betting platform in Romania. This acquisition is part of Evoke’s strategy to expand in high-growth markets.
- Evoke has acquired a 51% stake in New Gambling Solutions S.R.L., which operates Winner.ro, by combining its Romania business with a €10 million cash investment.
- The combined entity will hold the #4 position in Romania’s online betting market, with around 7% market share.
- By 2026, Evoke’s ownership could increase to between 51% and 57%, with an option to fully own the business after three years.
- The Romanian market is growing rapidly, projected to expand at a rate of 13% annually, with Winner.ro having generated €19 million in revenue in the first half of 2024.
- Evoke’s strategy focuses on low-cost, high-impact acquisitions, and this deal is expected to enhance earnings and reduce leverage starting in 2025.
