Juroszek family takes majority stake in Gentoo Media

Polish betting entrepreneurs, the Juroszek family, have taken control of Gentoo Media by raising their stake from 26.8% to 59.3%. The change took place under a 100 million euro debt restructuring package.

Under the agreement, 91,928,663 new shares were issued. These shares were given in exchange for 50 million euros of equity, purchased by two family-linked companies. The stakes of other shareholders were diluted by 40.6%, and a 50 million euro loan was added to the transaction.

The company lowered its expectations twice in the last three months. This development coincided with a sudden ban in the Brazilian market and sector-wide problems affecting its subsidiaries. Gentoo had taken its name before leaving Gaming Innovation Group in 2024. Since the separation, both companies have struggled to convince investors with their performance.

Most of the debt stems from GiG's acquisitions of AskGamblers and KaFe Rocks in 2022 and 2023. Although a 2.58x EBITDA leverage ratio is not considered very high, the company was unable to generate enough cash to cover its maturing debts. The temporary covenant waiver obtained in August 2025, and then the leverage ratio rising to 3.34x, led to the refinancing plan for January 2026 being cancelled due to market conditions. In October, it was announced that the Juroszek family would provide financial support. The family has thus become both the largest shareholder and a significant creditor.