The Romanian Doroftei brothers are selling their gambling business under the Las Vegas brand and investing in renewable energy

BUCUREșTI, BUCUREșTI, ROMANIA, July 1, 2024 /EINPresswire.com/ — Romanian brothers Mihai and Sorin Doroftei, known for their gambling activities under the Las Vegas brand, decided to radically change their business strategy. In a major strategic move, both companies sold part of their businesses to focus on renewable energy investments. In addition, the Doroftei brothers are considering a complete sale of the Las Vegas group of companies.

This decision is a response to legislative changes and the lack of predictability in the gambling industry. While the decision to leave a successful field may seem unexpected, they are confident in this new direction and are determined to use their experience and resources to make a significant impact in the renewable energy sector.

“We want to contribute to a greener and more sustainable future. We strongly believe in the potential of renewable energy and are confident that our extensive business experience will help us make a significant difference in this field,” said Mihai Doroftei.

Several important factors influenced the decision to switch to renewable energy:

Adaptation to legislative changes – the business environment has become unstable due to frequent changes in gambling legislation

Decreasing profitability – the profitability of the industry has been systematically decreasing recently
Opportunities in green energy – the global context favours renewable energy sources and offers significant prospects for growth and development.

In addition to the partial sale of the Las Vegas Group assets, the Doroftei brothers are also considering a complete sale of these businesses. Advanced talks are already underway with potential buyers, reflecting the strong interest in these assets.

They currently have renewable energy projects in Neamț, Botoșani and Brașov counties, with a total capacity of over 128 MW and an investment value of over 130 million euros. These initiatives reflect a long-term strategy to support sustainable energy development and realize the growth potential of the green energy sector.

Moreover, their plans assume the expansion of investments in this field to other regions.

“These investments will not only boost the local economy, but also create new jobs, contributing to the development of communities in the regions where we operate,” added Mihai Doroftei.

With these initiatives, the two brothers aim to become leaders in the green energy sector and contribute to a more sustainable and green economy. Major projects in the regions mentioned show their strong commitment to this new field.

The strategic shift from gambling to renewable energy reflects the brothers’ ability to adapt to new market conditions and long-term vision. Significant investment and determination to succeed are helping them strengthen their position in the green energy industry, and the Doroftei brothers are set to become leaders in a rapidly growing field that promises both economic and ecological benefits.

Mihai Doroftei
Las Vegas
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