Q&A
> Co-founder > Mr Green
ollowing the parent company of malta-licensed operator Mr Green beginning to trade publicly on the Swedish exchange AktieTorget, co-founder Mikael Pawlo discusses the company’s immediate future. eGaming Review (eGR): Would you consider going public a natural step for the company’s progression? Mikael Pawlo (MP): Yes, I think it’s a natural step; it’s a new phase in the company’s life cycle. We wanted to create a tradable asset for our 800 shareholders, so we believe that having the share list could also be good if we want to capitalise the company for some reason. This is something we don’t need right now, but it could be quite useful to be on an exchange, and also if we wanted to do some kind of acquisitions in the future it’s quite useful to be on the stock exchange, especially if you want to be a part of the consolidation of the market. eGR: Has it brought around any new ?nancial opportunities for the company? MP: We’ll have easier access to capital and the company becomes more transparent and easier to follow. However, on the other hand if you look at last quarter’s (Q1 2013) cash position, it looks pretty strong, so we don’t really need any more capital for the time being. eGR: Can you foresee any new challenges that going public will bring? MP: I don’t think going public in itself will pose a challenge, but then if you go back in time we’ve been able to build a casino experience with a touch and an air of Monte Carlo that’s quite unique in the industry. Being able to maintain that is key
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Mikael Pawlo
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to being attractive to players and clients with a product that is state of the art, as well as a brand that stands out – that will be the main challenge in my opinion. eGR: Does going public begin a new phase or strategy for the company? MP: I wouldn’t say there is a new strategy in place, but of course we’re becoming bigger and stronger. We’ve recruited a new CEO for our casino in Malta, and our headcount is now more than 100 in Malta. We will look into any possibilities that could be attractive to clients, and also at the same time increase shareholder value. I wouldn’t say that we’re locked into the current Mr Green, so to speak, but if you look at the past it’s been very successful since its inception with an annual growth rate of about 70%. We don’t see any urgent need to change a winning recipe, b WB??F?R?F?W"??BvR?fR?W"V'2?BW?W2fW'??V?F??F?W"??'GV??F?W2?v^( ?&R??rV?FW&??r?Wr&??v?R?Tu#??2F?W&R??6?&R&?6RF&vWB??"??W'6???7?&F???2f?"F?R6?&R&?6S?????fR??????????F?R6?&R&?6R??B?2v?B?B?2?B?N( ?2WF?F?R?&?WBF?FV6?FRv?B?B6??V?B&R?Tu#??2F?W&R??W'6?????6?v?BF?B??^( ?B??RF?FBF??"w&VV?v???rV&?3????N( ?2&VV?&?6W72?B?N( ?2&VV????r&?Bf?"?6V?b??&V?V?&W"F?R?&?v???&W6V?FF???f?"?"w&VV?v?V?F?W&RvW&R?W&???W2?b6?FR??F?R7?7FV??6??N( ?2fW'?v??BF???r6VRF??2&'?w&?v??rW??F?gV??w&?v?GV?B?'WBF?B?6?7&VFW2?Wr??'GV??F?W2?B6???V?vW2?B?( ??fW'???F?6VRF?BF?&?Vv??B6VRv?N( ?2?W?B?4??4UTT?4U2?bDT??2F?R?Wr?W'6W?Vv??r?&?WB????26WBF??V?W????fV?&W"?V?F??FRv??r?2???V?6VB'F?W'6??v?F?G'V?F??????P?@????V?F??FRv??rW?V7FVBF?&RF&vWF??r?Wr?W'6W??V?6?????fV?&W"f????v??r?G2FV?v?F?F?R?v?W'2?bF?RG'V?F????66?????FV???76VBBF?RV?B?b?V?R?F??2v2F?R??'7B?b??'W''??bFV?2???V?6VB??F?R7FFRV?F??FRv??~( ?2?&?WB?&VG??ffW&??r?B?&?WF??r6??WBf?F?RV?F??FRf?v?F??r6?????6??????W6?V?Bv?fR?B?VB7F'BV?F??FR??W"v???&R?6?&R6????FV?B?b7V66W72??F?Rv&FV?7FFRgFW"&V??rF?R??'7B?W&F?"F??V?6??Vv?????Rv?&??rvV'6?FR??F?RU2???WfFV&?W"??F?R?V ??F?R'F?W'6??v???6VRV?F??FRv??r&?f?FR&V?????W?????R66????B??W"v?W2F?F?R?Wr?W'6W??&?WBW6??r?G2&?&?WF'?FV6?????w??Ff?&??BV?F??FRv??r'&?B6??6RF?RFVF??Rf?"????Rv?&??r'F?W'6??2???Wr?W'6W??? ??P??0??wwr?Vw&?v???R?6???p???