To achieve these goals, Grupo Orenes has a 2019 budget plan under which revenues and EBITDA are projected at € 650 million (USD 724.3 M) and € 100 million (USD 111.4 M), respectively.
The € 92 million (USD 102.5 M) investment plan is backed up by the fourth and last tranche of a syndicated loan with which the firm finances its medium-term debt. This phase amounts to € 55 million euros and the total sum of the transactions, in which BBVA, Bankia, Banco Santander, CaixaBank, Bankinter and Sabadell have participated, is of € 255 million (USD 284.2 M).
CEO Javier López Cerrón has said: "We have the technical, financial and human resources to face the challenges coming ahead. Grupo Orenes continues strengthening its position as a technology and entertainment leader. We have closed our 2016-18 business plan under which the company has invested over € 300 million, creating 1.000 new jobs." He also highlighted the "confidence maintained by banking entities in a sustainable, reliable and promising project such as ours."
The company, with headquarters in Murcia and presence in Spain and Mexico, is betting on innovation, as a way of strengthening its position as a leader in the development of technology solutions. This is reflected in the creation of an accessing system based on facial recognition (Facelock) and its own sports betting platform.