Latest News

Raketech Streamlines US Operations with Sale of Non-core Advisory Business

Published

8 months ago

July 9, 2024

Raketech announced that the Company has reached an agreement to divest its non-core US advisory business. The total sale proceeds amount to USD 2.25 million settled partially on closing and via an ongoing revenue share agreement.

In December 2021, Raketech acquired the US business ATS Consultants Inc (ATS). ATS consisted of several high-value lead-generating sports tipster websites, highly dependent on a manual lead conversion sales team.

Over the past year, the Company has successfully increased traffic to its US tipster websites and transitioned the business model from a manual, high-touch process to a fully digital lead conversion model for multi-capper picks and predictions (MCP).

This success led to a comprehensive review of the US business operations and assets, which resulted in the decision to divest the high-touch US tipster advisory sales business. The sale aligns with the Company’s strategy to focus on its core digital strengths and maximise growth opportunities.

The Company will continue to leverage its flagship US assets, Winnersandwhiners.com and Statsalt.com, along with picksandparlays.com, which together attract approximately 50 million sessions annually.

Key highlights:

The review, completed in Q2 2024, highlighted the significant potential for US digital subscription revenues and opportunities to increase affiliation revenues from our high-value tipster website assets.
Strong traffic development has led to a significant increase in MCP sales and higher affiliation marketing revenue from leading US sportsbook operators.
The review identified the underperforming high-touch advisory operations as increasingly non-core and subscale.
An agreement has been reached to sell the tipster advisory operations to its management. Revenues for the 12 months to the end of Q1 2024 were USD 4 million with minimal EBITDA contribution. The total sale proceeds amount to USD 2.25 million settled partially on closing and via an ongoing revenue share agreement.
In addition, the Company has signed an exclusive lead generation agreement guaranteeing a minimum fee of USD 250k over the next 12 months.
The transaction is expected to close at the latest on 31 August 2024. The sale will result in a one-off non-cash impairment charge of approximately EUR 10m for the US assets.

Johan Svensson, CEO of Raketech, said: “This strategic sale is an important step in streamlining our operations and focusing on our core strengths. By leveraging our high-quality US operations, our strategy is to maximize the growth potential in digitalized subscription and affiliate marketing revenues and expand our sub-affiliate marketing and partnership revenue streams. Despite the one-off non-cash impairment charge, we are confident that this move will enhance our focus, drive improved performance, and deliver long-term sustainable growth and value creation.”

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XSOLLA LAUNCHES XSOLLA ECOSYSTEM, A NETWORK PLATFORM TO SIMPLIFY VENDOR SELECTION AND INTEGRATION FOR GAME DEVELOPERS

Published

10 hours ago

March 11, 2025

Peter Tolan

A Streamlined Vendor Selection Process, Seamless Integration With Pre-Validated Partners, And Exclusive Discounts For Developers

Xsolla, a leading global video game commerce company, announces the launch of the Xsolla Ecosystem, a platform designed to create a connected network of trusted partners and vendors for game developers. Through the Ecosystem Marketplace, available via Publisher Account, developers can access a curated selection of vendors, leveraging Xsolla’s pre-established integrations and exclusive rates. This interconnected ecosystem simplifies vendor selection, fosters collaboration, and enables developers to make more informed business decisions while reducing development resources and operational costs.

Unlike the complexity of sourcing and accessing credible vendors in today’s competitive market, Xsolla Ecosystem provides game developers with a pre-validated marketplace of trusted partners. This solution eliminates the risks of delays, subpar service quality, and increased costs associated with selecting the wrong vendors, enabling developers to focus on delivering exceptional games.

Developers can streamline their projects and achieve their goals with the Xsolla Ecosystem, which includes features such as:

Pre-Validated Vendors: Trusted partners like AppsFlyer, G-Core, Game Analytics, and Adikteev all integrated with core Xsolla solutions such as Web Shop, Login, and Launcher
Exclusive Discounts: Significant savings through pre-negotiated rates, allowing developers to reduce operational costs
Simplified Integration: Pre-integrated solutions minimize development time and reduce the resources needed to implement key vendor tools
Scalable Network: An actively expanding vendor ecosystem to meet game developers’ growing needs globally

“With the Xsolla Ecosystem, we’re deepening our commitment to the gaming industry by creating meaningful connections and bringing opportunities together for developers and trusted vendors,” said Chris Hewish, Chief Strategy Officer at Xsolla. “This platform simplifies the vendor selection process, accelerates game development, and ultimately contributes to successfully bringing more games to market.”

The Xsolla Ecosystem is currently available in English; additional languages are planned for future updates. Developers can access the platform through the Xsolla Publisher Account, eliminating the need for extensive setup or technical expertise.

For more information or to explore the Xsolla Ecosystem, visit: xsolla.pro/rws25eco

Latest News

Belatra ready to present latest iGaming innovations at SAGSE

Published

21 hours ago

March 11, 2025

George Miller

Belatra ready to present latest iGaming innovations at SAGSE

Belatra Games, the specialist online slots developer, is set to provide an exclusive first look at its latest LatAm-focused gaming innovations at SAGSE.

This is the 33rd edition of the brilliant Buenos Aires event taking place on March 19-20, 2025, under the theme “SAGSE Latam 2025: Your Bridge to Connect with Latin America”. Belatra will be based at stand 126 where visitors will be able to experience cutting-edge slot releases, explore innovative solutions, and connect with the Belatra team shaping the future of gaming.

Belatra’s award-winning games bring together timeless classics and new, bold concepts, offering unforgettable experiences for players and profitable solutions for operators.

Belatra’s LatAm team is headquartered in Buenos Aires. Marcos Isla Casares, Clara Moreno, and Latin America Commercial Director Andrés Troelsen will represent Belatra at SAGSE. A core focus of his time in BA will be exploring new partnerships, engaging with current clients, and sourcing opportunities in the region.

Andrés Troelsen, Belatra Games’ Commercial Director for Latin America, said: “Buenos Aires is our LatAm home so we couldn’t be happier to be back at SAGSE to showcase Belatra’s brilliant offering for the region. Whether you’re looking to expand your offerings or explore new business opportunities, we welcome you to our stand to discuss how we can deliver success for you in this hugely exciting region.”

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XSOLLA LAUNCHES THE XSOLLA GOLD GIFT CARD TO ENHANCE GAME BRAND VISIBILITY THROUGH PHYSICAL AND DIGITAL CHANNELS, OFFERING GAMERS A NEW WAY TO PAY

Published

2 days ago

March 10, 2025

Adrienn Sarkany

Xsolla, a leading global video game commerce company, announces the launch of the Xsolla Gold Gift Card, a flexible payment solution designed to enhance how gamers purchase, gift, and redeem virtual goods. Available in physical and digital formats, the Xsolla Gold Gift Card provides players with an accessible and convenient way to engage with their favorite games across multiple platforms.

As the global gift card market is projected to reach $5.3 trillion by 2033, developers face increasing opportunities to expand their monetization strategies and engage players more effectively. The Xsolla Gold Gift Card offers a seamless way for players to acquire in-game items, gift content to friends, and redeem rewards, enriching their gaming experience. This solution unlocks new revenue streams for developers, enhances brand visibility, and enables targeted marketing initiatives, including co-branded promotions and customized campaigns.

Discover the standout benefits making this gift card a game-changer for players and developers:

Flexible Distribution Options: Includes physical and digital cards, ensuring broad accessibility for players worldwide
Enhanced Community Engagement: Encourages players to share gaming experiences through gifting, fostering deeper connections within gaming communities
Monetization and Marketing Opportunities: Leverages gift cards for cross-promotions, partnerships with retail brands, and exclusive in-game offers, driving increased engagement and revenue for developers
Cross-Platform Usability: Fully compatible across multiple platforms and game titles, catering to a diverse player base with various spending preferences

“We’re excited to offer a gift card to help simplify how players purchase and share virtual goods while helping developers increase player retention and engagement through strategic integrations,” said Chris Hewish, Chief Strategy Officer of Xsolla. “The Xsolla Gold Gift Card allows us to continue innovating, enhancing how players interact with their favorite games and how developers can reach a broader audience.”

The Xsolla Gold Gift Card will be available in various denominations, adapting to different player needs. Developers can integrate these cards into their ecosystems to enhance player engagement and drive monetization through tailored campaigns and promotions.