Brunno Galvão leads Crownstone Ventures, a US fund owner of Elisa.bet, among other bets. The executive revealed that the company will invest R$ 50 million this year in the acquisition of betting houses that will not regulate. 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 an additional R$ 300 million for the expansion of the plan," assures Galvão.
After giving an interview to Painel S/A, from the Folha de S. Paulo group, the executive recorded a video to adjust some points and deepen others.
The betting market, with its magnitude of R$ 120 billion, offers significant opportunities and understanding these nuances can be decisive for your investments.
Therefore, 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 robustness of the newly regulated betting market in Brazil, which moves R$ 120 billion in the country, is very strong. That is, it has the size of a Vivo, Vibra, or Ambev,” states the executive.
“We are a fund of American origin, with American and Swiss capital. The main forms of return for a fund investing in this sector are the distribution of dividends to investors or participation in the sale of the business,” explains Brunno Galvão.
Crownstone will invest R$ 50 million this year in the acquisition of betting houses that will not regulate. “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 an additional R$ 300 million for the expansion of the plan,” he reveals.
Lastly, Galvão indicates that the profit (LL) of a betting house in the European market averages 18%. “In Brazil, the numbers are even more promising,” reveals the executive who, before becoming CEO of Crownstone Ventures, was a serial entrepreneur.
Brunno founded and presided over various startups over 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
