Business

The Young Davoud Ghaffari Wants to build the Biggest Casino in the World

Published

6 years ago

October 25, 2019

Businessman Davoud Ghaffari, 29, was born in Iran but moved to Istanbul when he found better opportunities there. His restaurant Hazineh is one of the most famous Iranian restaurants in Istanbul. He himself his very popular in Iran. He has 1.5 million followers on Instagram.

It was not easy to put the restaurant on the world map. The restaurant has high level of quality, fame, and fortune which was not easy to make. Ghaffari said that he had to face long sleepless nights and backstabbing from most of his suppliers. He also had difficulty speaking the Turkish language and that was also a hindrance. But today his restaurant is one of the most sort after and shining on the map of Istanbul.

Ghaffari’s personal life is almost non-existent. His world and time revolves around his business and his other owned casinos. He claims that money and gold jewellery are his beloved. And his mother is love of his life.

To make the biggest casino in the world is Ghaffari’s dream for himself. He says he can do it with his willpower and motivation. Now he has learnt his business and life lessons well. Earlier he has faced not only business problems but also heart break in love and now wants to take revenge from him/ her by living the best life before them. He doesn’t divulge details more about his love life but claims that winning what he had lost was success to him wading through the difficulties to make the best of what we have.

Business

Black Banx Group — Third Quarter 2025 Results

Published

14 hours ago

November 3, 2025

Matthew Wiles

FOR IMMEDIATE RELEASE · Road Town, British Virgin Islands · October 30 2025

Black Banx reports USD 4.3 billion revenue and USD 1.6 billion pre-tax profit in third quarter 2025

Black Banx Group today announced its results for the third quarter ended 30 September 2025, delivering strong performance with further progress toward its full-year targets.

Key figures for Q3 2025:

Revenue: USD 4.3 billion
Profit before tax (PBT): USD 1.6 billion
Cost-to-income ratio: ≈ 62%
Customer base (period-end): ~92 million clients

YTD (first nine months) results: Revenue USD 12.7 billion, PBT USD 4.7 billion, positioning the Group on track toward its full-year ambitions of ~USD 17 billion revenue and ~USD 6.4 billion PBT.

“Our Q3 results reaffirm the scalability and resilience of our platform,” said Michael Gastauer, Group CEO. “By continuing to scale our client base, deepen engagement, and drive operational efficiencies, we maintain momentum toward our 100 million-customer milestone and full-year ambitions.”

Daniel Dumitrascu, Group CFO, added: “We are pleased to demonstrate sequential improvement in our cost/income ratio despite ongoing investment in growth markets. With the first nine months delivered, our Q4 plan is well calibrated to close the year strongly.”

Business highlights:

Net customer adds of approximately 8 million during Q3, bringing the total client count to ~92 million as of 30 September 2025. On pace for the 100 million-customer target by year-end.
Continued growth across emerging markets, driven by expansion efforts in Africa, South Asia and Latin America.
Strong transaction volumes across cross-border payments and cryptocurrency-adjacent services, contributing to top-line resilience.
Ongoing initiatives to optimise operations and automate processes delivered a sequential improvement in cost/income ratio to ~62% from ~64% in Q2.
Strategic investments sustained in growth markets while preserving profitability and shareholder value.

Outlook:

With three quarters behind it, Black Banx remains aligned with its 2025 full-year targets of approximately USD 17 billion in revenue and ~USD 6.4 billion in pre-tax profit. The company anticipates a seasonally stronger Q4 performance, underpinned by ongoing global client acquisition and further monetisation of its platform.

About Black Banx Group:

Black Banx Group is a global digital banking and fintech platform serving tens of millions of private and business clients across more than 180 countries. The Group offers seamless, borderless banking services, including multi-currency accounts, cross-border payments and cryptocurrency-compatible solutions. Headquartered in the British Virgin Islands, Black Banx is dedicated to innovation, financial inclusion and delivering value to its stakeholders.

Media Contact:

Black Banx Media Relations
Email: [email protected]

Forward-looking statements: This press release contains forward-looking statements that involve risks and uncertainties, including statements regarding the Group’s business strategy, financial prospects, targets and trajectory. Actual results may differ materially from those anticipated.