Winrize Draw Expansion
- WVIA.L
0.00% - BARC.L
-2.29% - EUROB.AT
-0.96%
Win has restructured its borrowing arrangements after securing a new £33 million three-year term loan from Barclays Bank, providing the entertainment group with additional financial flexibility as it targets further growth in the UK prize draw market
The new Barclays financing replaces Winterm loan, Barclays has made available a £5 million revolving facility intended to support acquisitions
That facility also includes an uncommitted accordion option allowing it to be increased by as much as £15 million, potentially giving Winrtunities emerge
Funding Structure Supports Acquisition Strategy
Winet cash position of approximately £31.8 million at 30 June 2026, provides the group with a secure and low-leverage capital structure from which to pursue its expansion plans
The increased funding flexibility is particularly relevant to Windustry. Management sees opportunities to combine organic growth with acquisitions, potentially allowing the company to expand its market presence and integrate additional businesses onto its existing technology platform
The new Barclays facilities could therefore provide greater capacity to pursue M&A opportunities while maintaining what the Board considers a prudent balance sheet position.
More about Win
Win operating in the UK prize draw industry and the regulated Romanian online gaming market
The company is the UK’s second-largest prize draw operator by market share and owns brands including Best of the Best, Click Competitions and Rev Comps. Its Romanian online gaming portfolio includes Princess Casino, Royal Slots and Luck.
Winform developed internally, which serves both its B2C and B2B activities and has contributed to improved operating performance
The group’s near-term strategy is focused on increasing its presence in the fragmented UK prize draw market through a combination of organic expansion and acquisitions, with acquired businesses potentially benefiting from integration with Win
