Latest News
Raketech Streamlines US Operations with Sale of Non-core Advisory Business
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.”
Latest News
ADG Urges Responsible and Legal Betting Ahead of Super Bowl LIX
On Sunday, February 9, 2025, the Philadelphia Eagles will face the Kansas City Chiefs in Super Bowl LIX at the Caesars Superdome in New Orleans, Louisiana, with kick-off at 6:30 p.m. ET. As one of the most anticipated and wagered-on sporting events of the year, the Arizona Department of Gaming (“ADG”) is reminding Arizona residents and visitors to bet responsibly and within the bounds of the law.
“The Super Bowl is an exciting event that brings communities together, but it’s essential to approach event wagering with caution and accountability,” said Jackie Johnson, ADG Director. “We encourage all Arizonans to enjoy the game responsibly by ensuring their wagers are placed legally and thoughtfully.” Further emphasizing the importance of using licensed operators for all event wagering activities, “illegal gambling undermines public safety and the integrity of the game, while responsible betting practices help ensure a safe and enjoyable experience for all participants,” stated ADG Director, Jackie Johnson.
Sports Pools – Know What Rules to Follow
In the United States, it is common to see friends and family participate in sports pools for the Super Bowl, often known as “Super Bowl Squares”. These pools are legal as long as the state’s social gambling rules are followed. According to Arizona Law (A.R.S. § 13-3301(7)), social gambling requires:
- That gambling cannot be conducted as business, which means that hosts cannot receive
financial benefit, unless they are participating in the game; - Hosts pay out all pool money to the winner(s);
- Only participants can win; and
- Players compete on equal terms with each other.
A few things to be on the lookout for that indicate illegal gambling:
- Paying a fee to participate, including “suggested” or “voluntary” donations.
- A host who keeps a percentage of the pool for administering the game.
- A required minimum purchase to participate (food or beverage, etc.).
- Unequal odds.
- Underage participants (under 21 years of age).
Responsible Betting – What to Keep in Mind
With sports betting legal in the state, it has become increasingly important to educate yourself on how you can bet responsibly. Listed below are some helpful tips as part of the American Gaming Association’s (“AGA”) Have A Game Plan.® Bet Responsibly.™ campaign:
- Set a Budget – It is crucial to keep in mind that everyone will have different budgets; never
bet beyond your own means. Be cautious and make sure you set a limit – and stick to it – if
you plan on wagering. More information on how to responsibly set a budget for wagering
can be found on the AGA’s Have A Game Plan website: How Much Should I Wager? - Know the Odds – There are plenty of key terms everyone should know when making a sports
bet. What’s a parlay? Over/under? Moneyline? If you decide to wager, make sure you are
briefed on The Basics of Sports Betting. - Keep it Social – Whenever gambling, be mindful that all forms of gambling are for the
purpose of entertainment. This is not a way to make money. By gaming with friends, family,
and colleagues, you can keep playing responsibly and have fun. - Keep Your Cool – No one’s perfect, and in sports, winning and losing are all part of the game.
Whether you’re wagering from the sidelines or watching from home, remember to keep
your cool. Good sportsmanship isn’t just for the players on the field; it’s for everyone. - Play Legally – Legal operators provide important player protections that are not found in
the illegal market. Whether you are placing a wager on your phone or at a physical
sportsbook, make sure you are using a legal operator in the state. Visit the ADG website to
view a full list of the state’s approved operators and retail locations: Approved Operators.
If you or someone you know has a gambling problem, you can get help now by calling 1-800- NEXT-STEP (1.800.639.8783), the Division of Problem Gaming (“DPG”)’s confidential helpline, texting “NEXTSTEP” to 53342, or utilizing a chat feature on the DPG website. DPG’s helpline provides confidentiality and connects callers with a master’s level counselor who can connect them with available resources, including statewide treatment providers who specialize in problem gambling. The helpline is available 24/7 to everyone facing a problem with gambling, whether that be individuals and affected family members, friends, or co-workers.
Latest News
GeoComply Data Reveals Strong Growth Heading into Super Bowl Sunday
Are you ready for the biggest Super Bowl yet? We are—and the data* backs it up. Legal sports betting continues to grow at an unprecedented pace, and this year’s NFL season has been no exception.
During the 2024/25 NFL season, active sports betting accounts surged 20.2% compared to last season. The expansion of regulated betting markets is bringing more fans into the legal ecosystem.
Looking Ahead: The Biggest Super Bowl Yet?
This year’s NFL season sets the stage for record-breaking Super Bowl engagement.
The numbers don’t lie—sports fans are betting on the future of regulated sports betting.
Stay tuned! After the Big Game on Sunday, we’ll be sharing exclusive insights into Super Bowl betting trends and engagement.
*Active accounts is based on GeoComply’s aggregated user data for its US sportsbook customers in regulated states during the NFL regular season. The data does not include Florida.
Compliance Updates
BGaming Secures Approval for Brazil
Rapidly expanding content provider continues LatAm expansion by certifying its games in Brazil.
Popular iGaming content provider BGaming is proud to announce it has received full certification and is now ready to enter the Brazilian market.
BGaming’s technical system of gaming software and portfolio have received approval from Gaming Associates Labs (GA Lab) and Gaming Laboratories International (GLI), certifying that its products are fully compliant and eligible to enter the Brazilian market. GLI is among the industry’s most rigorous testing bodies, ensuring providers fully comply with industry standards before entering a market.
By securing these certificates, BGaming can now open the door to working with licensed operators within Brazil. Brazilian players will have the opportunity to experience BGaming’s innovative portfolio for the first time, including creative titles like Snoop Dogg Dollars, Panda Luck, and Aztec Clusters.
This entry into Brazil represents a pivotal moment in BGaming’s global expansion strategy, particularly as it focuses on the burgeoning Latin American market. The company was recently awarded a supplier’s certification to enter Peru and Columbia at the end of 2024, further highlighting its commitment to growth in the region.
Antonina Ivanova, Head of Legal & Compliance at BGaming, said: “Brazil is one of the most dynamic iGaming markets in the world right now. Receiving this approval is a massive milestone for BGaming and a testament to our entire team’s hard work and dedication.
“Latin America plays a pivotal role in our global expansion strategy, and securing this certification makes a strong statement about the company’s intention to shake things up throughout 2025. We are committed to putting our products in front of as many players as possible, and we cannot wait to hit the ground running in Brazil.”
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