Sportnco targets US and LatAm after 2018 revenue grows
Sportnco, the B2B arm of French betting operator France Pari Group, will look to further expand its presence in Europe as well as move into US and Latin American markets after posting a 35% increase in revenue for 2018.
The operator generated fees and royalties of €5.4m (£4.7m/$6.1m) from its B2B sportsbook solution, daily fantasy sports product and player account management system over the year.
Currently licensed in Belgium, France, Malta and Spain, it launched three new clients during the year, taking the total number of customers to 18. This included the launch of its daily fantasy product with French betting and gaming giant Pari-Mutuel Urbain.
However Sportnco credited the year’s growth to a strong performance in the Spanish market, which it expects to become its 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 supplier will also look to expand its client base by moving into the regulated Swedish and Portuguese markets, with the certification process of its sports betting solution already underway in each.
It is also looking to move into Italy and Switzerland, as well as looking further afield, with plans to enter US states were sports betting is permitted, the Colombian iGaming market, and certain Argentinean states.