Press Releases
FRANCE PARI’s B2B division Sportnco boosts group results in Q1 2019
Sportnco drives strong growth, group targets €5m EBITDA in 2019
Group revenues rose 13% to €3.5m and EBITDA 18% to €1m year-on-year during the period, Sportnco is confident of achieving EBITDA growth of just over 30% and revenue growth of c. 20% this year.
Online bookmaker France-Pari and its B2B division Sportnco’s consolidated earnings before interest, tax, depreciation and amortisation (EBITDA) rose 18% to €1m in the first quarter of 2019, up from €840,000 in the same period in 2018; while group revenues grew 13% year-on-year from €3.1m in 2018 to €3.5m in the first quarter of 2019.
B2B activities driven by the group’s SPORTNCO division were the main driver of this growth, with most of the activity taking place across the European regulated markets of Spain, France and Belgium.
Group is confident of achieving €5m EBITDA in 2019
These very positive first quarter trends will soon be enhanced by the launch of bespoke sportsbooks for new clients such as SISAL in Spain or ZEBET in Portugal and the group is confident it will reach €4.5m to €5m in EBITDA in 2019.
This would represent annual growth of up to 33% when compared to the €3.7m EBITDA achieved in 2018.
Annual group revenues are also expected to grow strongly in 2019, with a 20% increase from €13m in 2018 to €15.5m this year.
Thus, EBITDA will represent just over 30% of group consolidated revenues in 2019.
Paving the way for new acquisitions
At the end of this year, the company will have reimbursed the biggest part of its debt relating to the SUERTIA acquisition it carried out in Spain in 2016. The Suertia brand has been highly successful and exceeded expectations and has enabled Sportnco to become the leading B2B betting network in Spain, bringing together GoldenPark, Suertia, Casino Gran Madrid and Casino Barcelona onto its platform.
As a result, the company is looking at potential new acquisitions to accelerate its growth in the B2B sector.
Hervé Schlosser, founder and CEO of FRANCE PARI Group, commented: “I am delighted at the progress we have made this year. Our B2B strategy in France and Spain is reaping rewards and we are now looking at acquiring profitable companies with whom we could develop commercial and financial synergies in order to accelerate our growth in B2B.”
About FRANCE-PARI:
FRANCE PARI is an online sports betting operator in France and Spain and through its SPORTNCO B2B division is a leading and fast-growing betting solutions provider to operators in regulated markets worldwide. The group is based in Toulouse, France and has offices in Lyon and Barcelona. It is the leading B2B betting solutions provider in the French regulated market with clients such as NetBet and ZEBet and in Spain with clients such as GoldenPark, Casino Gran Madrid, Suertia and Grup Peralada.
Latest News
Novibet highlights its commitment to betting integrity with IBIA membership
Novibet, a leading global online sports betting operator, has joined the International Betting Integrity Association (IBIA). Novibet has licences to operate in Greece, Malta, Cyprus, Ireland and Italy, and has expressed an interest in obtaining a licence in Brazil, which is expected to being its licensing process later this year. The operator joins over 50 companies and 125 leading sports betting brands in IBIA and further cements IBIA’s position as the leading customer account-based betting integrity monitoring body globally.
Panagiotis Skyrlas, Chief International Expansion Officer, Novibet, said: “At Novibet, our commitment to transparency has always been at the core of everything we do. Joining IBIA is a testament to this commitment, as we continually strive to set new benchmarks for integrity and excellence in the online betting industry. By aligning ourselves with IBIA, we are reinforcing our vision to uphold the highest standards and to lead by example. We believe that by working closely with IBIA, we can further elevate trust and confidence in the industry, ensuring that our customers always have a fair and secure betting experience with us”.
Khalid Ali, CEO of IBIA, said: “Novibet is an established name in the sports betting sector and brings with it a global customer base that will be of significant value for IBIA’s monitoring network. IBIA is therefore delighted that Novibet has joined the association and welcomes the operator’s commitment to utilising the best integrity protection available globally for its sports betting products. Ensuring product integrity is paramount to our approach and we look forward to integrating Novibet within our leading global sports betting integrity monitoring system.”
IBIA is a not-for-profit body that has no competing conflicts with the delivery of commercial services to other sectors and is run by operators for operators to protect regulated sports betting markets from match-fixing. IBIA’s global monitoring network is a highly effective anti-corruption tool, detecting and reporting suspicious activity in regulated betting markets.
Through the IBIA global monitoring network it is possible to track transactional activities linked to individual customer accounts. IBIA members have over $300bn per annum in betting turnover (handle), accounting for approximately 50% of the global commercial regulated land-based and online sports betting sector, and in excess of 50% for online alone.
Latest News
GOLD FEVER FORTUNE SET TO STRIKE GOLD IN THE UK B3/LBO MARKET
Inspired Entertainment, Inc., a leading B2B provider of gaming content, systems, and solutions, is delighted to announce the launch of Gold Fever Fortune™ in the B3/LBO market.
Gold Fever Fortune™ offers the tantalizing possibility of uncovering riches hidden deep within the mines. Players should prepare for an adventure filled with excitement as they watch progressive cash pots grow, uncover Streak Spins promising guaranteed wins or bonus awards, and delve into the Gold Rush Board, where a multitude of cash prizes await discovery.
Landing three bag symbols triggers the coveted Pot Picker Bonus. The aim of the bonus is to match three bag symbols and seize a prize from the bronze, silver, or gold pot. With each spin, the progressive cash pots grow and the game transforms into a mine scene where players encounter three trails adorned with gold, silver, and bronze bags, each holding the promise of hidden treasures. As players make their selections, the excitement mounts, with every discovery contributing to their corresponding trail.
The reels ignite when three or more dynamite symbols land in view to trigger the Streak Spins bonus, where every spin guarantees a win or bonus award. Players detonate a “pick me” symbol to unveil the number of streak spins won. The unchosen symbols will also explode, showing what could have been.
Cash prizes await discovery in the Gold Rush Board bonus. This bonus, awarded by three or more miner scatter symbols, transforms the slot game into a board game. Rolling the dice reveals the number of moves as players navigate the board. Landing on highlighted squares awards cash prizes; lantern squares will illuminate a trail and Gimme Gold squares increase cash value. The “Hazard” squares trigger a miner character pop-up with three outcomes: continue, end bonus, or manic miner (highlighted squares are awarded before returning to the hazard square position).
For an alternative to the base game, players can give Fortune Spins a try. Fortune Spins offers the following prizes: Fortune Spins, Streak Spins, Gold Rush Bonus and Pot Picker Bonus. To kick off the game, players choose from three options: Fortune Spins (1 in 10 chance), Super Fortune Spins (1 in 20 chance) and Mega Fortune Spins (1-50 chance).
The feature begins with a choice of three wagons, each filled with gold, silver, bronze or nothing at all. If three full wagons appear in view, the player must choose a wagon that will reveal an award.
The combination of exciting bonuses with a multi and cash gamble makes for a true gaming adventure sure to delight players.
Richard Terry, UK Market Product Director, said, “We’re thrilled to be releasing Gold Fever Fortune. This unique ‘Gold Miner’-themed game combines engaging features like Fortune Spins, Cash Gamble, progressive cash pots and so much more for a truly unforgettable gaming experience. We’re confident that our B3 customers will love the one-of-a-kind gameplay and the game’s innovative mechanics.”
Baltics
BETBY TO POWER ESTONIAN BRAND WINNERZ WITH SPORTSBOOK SOLUTION INCLUDING PROPRIETARY ESPORTS FEED SOLUTION
Betby, a leading provider of sportsbook solutions, has announced a long-term partnership with the Winnerz brand. The partnership entails the provision of Betby’s cutting-edge sportsbook solution and its proprietary esports feed solution to the Estonian online casino brand.
The inclusion of the Betby Games esports feed solution comes on the heels of Betby Games receiving approval earlier this year from the Malta Gaming Authority (MGA), which allows the sports betting supplier to provide its esports odds feed comprising of pre-match and live odds, round-the-clock content coverage, statistics hub, and resulting, either as part of the Betby Sportsbook solution or as a separate esports data feed to all operators holding an MGA license and other licensed operators in jurisdictions which accept MGA license.
Players on Winnerz’s casino platform now have access to an enriched sportsbook content portfolio featuring over 210,000 monthly events covering as many as 125 sports. The Betby Games esports feed solution will further boost the content offering with a broader and more engaging esports content, including 11 Betby Games e-simulator titles. This includes Betby Games’ renowned customized leagues, enabling operators to offer customizable esoccer football tournaments which are fully tailored to any brand’s identity.
Chris Nikolopoulos, Betby’s Chief Commercial Officer said: “I am very pleased to have agreed a broad collaboration with the Winnerz brand, as together we seek to grow the brand’s local marketshare. By continuing to deliver our extremely strong esport vertical to noteworthy brands, we stay true to our growth strategy, and bring incredible betting experiences to the operator’s customers.”
Kevin Liivamägi, Winnerz’s Head of Sportsbook, said: “I’m thrilled to provide our players with a premium sportsbook solution featuring one of the most extensive content portfolios in the industry. Their extensive range of content is truly impressive, and we’re confident that Betby’s comprehensive sportsbook solution and products are in line with our mission to provide our players with a fully immersive and well-rounded betting experience.”
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