Leading sports betting and PAM provider continues expansion with M&A and growth in US, Latin America and Europe
For immediate release
Toulouse, France – 14 June 2021
Leading sports betting solutions and player account management specialist Sportnco is delighted to announce a 68% increase in EBITDA from €3.7m to €6.1m in 2020, following approval of its consolidated accounts at its shareholders assembly.
The past year was also notable for Sportnco’s acquisition of Tecnalis, a leading provider of player account management solutions to the global iGaming industry. The positive contribution of the Tecnalis acquisition has already been felt on Sportnco’s revenues, which rose 37% in 2020 to €19m (vs. €14m in 2019).
Revenues were split between the group’s major B2B and B2C activities. B2B revenues were up 89% to €10m, while consumer-facing revenues rose 3% to €9m. Post-tax net profits were up 50% to €1.8m. The Sportnco group manages 36 real money gaming clients across 13 regulated markets in Europe, Latin America and the US and will be focusing its business development priorities on those three regions.
Hervé Schlosser, CEO of Sportnco, commented: “The past 12 months have demonstrated the strength of the Sportnco group. As a business we were Covid-resilient and provided further proof of our ability to accelerate growth through M&A operations with the acquisition of Tecnalis and its award-winning Alira player account management platform this year.
“Regulation of sports betting and gaming markets continues to spread worldwide and we are extremely excited by the opportunities that Sportnco will have to benefit from these developments in the coming months and years.”
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Sportnco is one of the leading suppliers of turnkey betting and gaming solutions for operators in regulated markets. The group offers a complete iGaming product set that combines market-leading sportsbook betting solutions and player account management (PAM) system. With offices in Toulouse, France, as well as Barcelona and Madrid, Spain, Sportnco operates the leading B2B betting networks in France and Spain and is active in other European jurisdictions (Belgium, Portugal and Greece), as well as in South America and the US. Sportnco has been active since 2010, building strong partnerships with leading betting and gaming brands with its flexible platform, customisable offering, expertise in risk management and trading and speed to market.