Sportnco eyes US and Latin America expansion after recent revenue surge

Sportnco, French betting operator France Pari Group’s B2B subsidiary, is planning an ambitious expansion move that covers not just Europe but the USA and South America as well. The move is following the 35 per cent revenue surge in 2018.

The operator received revenues from fees and royalties worth €5.4m (£4.7m/$6.1m) from its B2B sportsbook solution, daily fantasy sports product and player account management system over the year.

At present, Sportnco has licenses in Belgium, France, Malta and Spain. The company has 18 clients all over Europe. This included the launch of its daily fantasy product with French betting and gaming giant Pari Mutuel Urbain.

Sportnco’s revenue growth for 2018 is largely because of its stellar performance in the Spanish market, which is likely to become the company’s largest territory in terms of customers by the end of 2019. It is to power a dot.es offering for Italian operator Sisal, in what will be the operator’s first move beyond its native market.

The company will look to expand in Sweden, Portugal, and Switzerland in Europe apart from the planned forays into the US states that legalise sports betting is permitted, Colombia and Argentina.