Canada
FTN Network Leverages Strong Q1 2023 Growth to Close $500k Bridge Round from Techstars Sports Accelerator
FTN Network, a data company specializing in delivering affordable, customizable, extraordinarily detailed and accurate data for betting, season-long fantasy and daily fantasy announced the closing of its $500,000 Bridge Round, which oversubscribed; with the help of Techstars, a global accelerator for technology startups. FTN was selected to participate in the Techstars Sports Accelerator Powered by Indy program in Indianapolis in April 2022. FTN is now actively raising a $3–5 million seed round to help expedite and scale the company, building on its robust early growth in traffic, subscription revenues and social media engagement.
More specifically:
- Q1 2023 traffic was up 54% (year-over-year) across the FTN network of sites.
- Q1 2023 subscription revenue was up 34% (year-over-year) across the FTN network of sites.
- FTN YouTube views are up 32% (year-over-year) and overall subscribers are up 31% (year-over-year).
- FTN Podcast Network downloads are up 25% (year-over-year).
“Our goal and mission with FTN was to create a fantasy and sports betting data company that allowed any user — from those with a limited budget to a top-of-the-line sportsbook — the flexibility to use our data and tools in ways that fit their specific needs. We never wanted to box our customers into a rigid system. Our exemplary year-over-year results are proof that our vision is filling a great need in the market,” said Kevin Adams, CEO of FTN Network.
“The closing of our bridge round from the Techstars Accelerator is going to help us invest in areas of our business where we’re seeing strong engagement, create new strategic partnerships with providers, tech companies and sportsbooks, and expand our talent pool with new developers and advisors to continue scaling and building one of the most innovative sites in the industry,” Kevin Adams added.
In recent months, FTN has signed strategic partnerships with companies such as Sorare, Bettle and Prediction Strike, and rolled out two significant new tools which are gaining popularity with users and achieving significant traction in Google search results. First, its Same Game Parlay Tool on FTNBets.com takes APIs from the six largest US sportsbooks and compares a user’s same game parlay line with FTN Data projections to create “True Odds.” This allows the user to stay away from bad payouts and shop for the best odds. Second is their Player Prop Tool, which shows the best player prop bets available using their FTN Data projections to calculate win%, edge and expected value while offering the best line on the market to place that bet. This allows users to leverage FTN Data to make the most educated player prop bets as possible.
“As we look toward our next round of funding, our sights are focused on scaling our existing products and services, and integrating the NBA and PGA into FTN Data, all while expanding into the business-to-business (B2B) market with FTN Data. By investing in more charters (people watching games and collecting data in real time) we’ll have the ability to push our data to clients quicker, creating an opportunity for our users to make smarter and faster decisions. We at FTN are relentless in our approach to innovation and our goal of providing the most customizable data sets and products for each customer or corporation,” said Stefano Vaccarino, FTN’s Chief Marketing Officer.
BCLC
INTRALOT Announces New Project with the British Columbia Lottery Corporation for Online Lottery Platform
INTRALOT S.A. has announced the undertaking of a new project between the British Columbia Lottery Corporation (BCLC), the sole lottery operator for the Government of British Columbia in Canada, and INTRALOT Inc., its US subsidiary, for the provision of an online lottery platform. The project also includes the digitalization of the existing land-based network.
The solution will be based on the Player X platform, part of the Lotos X ecosystem, and adds to the company’s overall partnership with BCLC, which has been extended until 2028.
INTRALOT is a leading player in a changing world of gaming. With significant experience in looking forward and anticipating emerging trends, the company provides future-proof solutions to regulated lottery and gaming operators around the world.
Relax Gaming, the iGaming aggregator and supplier of unique content, has significantly enhanced its presence in the Ontario market through an agreement with leading Canadian operator, PointsBet.
This partnership reinforces Relax Gaming’s aim to become a standout provider across North America, having already gained early success in Ontario. Relax became one of the first suppliers to deliver content to the region’s players in March 2022, debuting with over 120 games across multiple operators.
PointsBet pride themselves as one of Canada’s leading operators offering unmatched speed, ease of use, and a comprehensive array of pre-game and in-play sports betting options. This is complemented by a top-tier online casino which will now be boosted with the integration of Relax’s portfolio of slots and live dealer options.
With its authentic Canadian approach, PointsBet prioritises technology that minimises external dependencies to maintain control over its platform and has a commitment to responsible gambling best practices, ensuring a safe and secure environment for all players.
Martin Stålros, CEO at Relax Gaming, said: “Since we launched in Ontario we have enjoyed tremendous success, with our content hitting the sweet spot for the broad range of players in the Canadian province. This partnership with PointsBet will strengthen our presence in the market as the region’s leading operator integrates our rich content portfolio which will engage its player base.”
Scott Vanderwel, Chief Executive Officer at PointsBet, added: “Relax Gaming has established a strong reputation across North America and in Ontario in particular. The impressive range of content that will be integrated into our platform will increase engagement within our online platform and we are delighted to be able to provide more immersive experiences to our audiences.”
Established as one of the industry’s leading B2B suppliers, Relax Gaming was awarded GGA’s Product Launch of the Year in February 2023 for Dream Drop Jackpots. Money Train 3 names the 2023 CasinoBeats Game Developer Awards amongst its 6 Slot of the Year titles, while the brand also won the award for Skill Games Supplier at the 2023 EGR B2B Awards along with the Innovation in Mobile award at the 2023 SBC Awards.
Relax Gaming provides more than 4,000 online casino games, from its high-performing proprietary slots to a significant, varied library of content from hand-picked third-party studios via its partnership programmes.
Jackpot Digital, a leading manufacturer of electronic multiplayer dealerless poker tables, has announced that it has received approval from the Saskatchewan Liquor and Gaming Authority (SLGA) to act as a registered supplier of gaming supplies and services to regulated casinos in the Canadian province of Saskatchewan.
The approval follows the Company’s news release dated February 6, 2024, announcing the signing of a licensing agreement with the Saskatchewan Indian Gaming Authority (SIGA) to install the Company’s Jackpot Blitz dealerless poker ETGs into SIGA casinos.
SIGA operates seven casinos and Playnow.com in Saskatchewan. At the outset, SIGA proposes to install Jackpot Blitz machines at its Dakota Dunes and Gold Horse Casino properties, located in Saskatoon and Lloydminster, respectively.
Jackpot CEO Jake Kalpakian said: “We are excited to receive approval as a gaming equipment supplier in Saskatchewan. This represents the first major jurisdictional, non-tribal license received by Jackpot during our continuing expansion into the land-based casino market. We have many more license applications underway in the US and other Canadian provinces, which will dramatically impact our ability to accelerate the rollout of Jackpot Blitz across North America.”
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