SYNOT Group celebrates its 25th anniversay in style
Insight CYPRUS SYNOT Group
Te SYNOT Group has been in existence in world gaming markets for a quarter of century. Te first corporation, founded in 1991, started with just three employees. Since then, SYNOT has grown beyond recognition and is currently one the industry’s largest employers of people across many diverse business sectors
On the occasion of the 25th anniversary, SYNOT Group organised an Open Day in Slovakia that included a colourful cultural programme. Hundreds of business partners from Europe, Asia, Australia, and Africa took part in the special event.
Te SYNOT Group is an international, respected group of companies whose management structure is based in Cyprus. SYNOT operates in 20 countries worldwide with an annual turnover in excess of €600m. Except for the main areas of business, the lottery sector, SYNOT additionally focuses on IT technologies, supporting start-up projects, young entrepreneurs, media ownership and ultimately sales of luxury BMW cars. In addition to local taxes supporting local economies, in each country SYNOT operates, the company also focuses on the promotion of both sport and voluntary sectors.
“From the very beginning we followed the motto ‘to help is natural,’ therefore, shortly after starting the business, we began to invest considerable funds to help the non-profit sector, especially sport, culture, health service and education,” describes Chairman, Ivo Valenta. “Mainly through Foundation SYNOT, we distributed tens of millions of euros in the support of thousands of community projects.
“Key investments also include tourism and leisure activities. I personally consider as very important, the idea that people do not exclusively look for beauty abroad, but also where they feel at home. Terefore we would like to add ‘colour’ wherever possible, “states Mr. Valenta. One example of this ‘colourful’ approach is the establishment of a modern Ski Arena, Bike Park and Water World currently being developed by the SYNOT Group. At the same time the company has embarked on the sensitive reconstruction of several historically important sites, buildings and hotels owned by the SYNOT Group in Slovakia and Czech Republic. Te company was recently
“It was not very easy at the beginning. We took a loan for several thousands Czech Crowns and we were worried about not being able to pay this off. We were such a small family company with big ambitions. Our aim was to be the best.“ Ivo Valenta Chairman World Capital Ventures Cyprus Limited.
“We entered the world’s
competitive markets with products we continuously improve and innovate upon. Due to these efforts, we have established relationships with business partners from all over the world, from which I draw great personal satisfaction.”
recognised for its restoration of the Slovakian Hotel Elizabeth, which was recently commended as the “Best European Historical Hotel, and there are more projects in the pipeline.
SYNOT’s 25th anniversary is a significant milestone for Mr. Valenta. “We entered the world’s competitive markets with products we continuously improve and innovate upon. Due to these efforts, we have established relationships with business partners from all over the world, from which I draw great personal satisfaction. However, I am also fully aware of the fact that we would not received so much global success and awards without the ambition and high work ethic of the employees from individual divisions,” says Mr. Valenta. He added that the ambitions of the SYNOT Group do not end there, and that expansion plans to additional global destinations, such as South America, are already underway.
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