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SportingWin opens €1m funding round
Operator seeking investment ahead of its imminent launch in Bulgaria where it plans to become the second largest brand in the market
SportingWin, the fast-growing online sports betting brand, is actively seeking investment ahead of its imminent launch in the regulated Bulgarian market.
The Malta-licensed operator is offering up to €1m in equity for investors keen to leverage the huge potential it sees for the business in regulated markets across Eastern Europe.
The investment will be used to ensure that SportingWin is well capitalised and that it can build out the required infrastructure in Bulgaria to deliver a superior player experience.
SportingWin has identified Bulgaria as being the most significant market in the region and believes it will increase from a market value of €300m per year to €500m per year over the next five years.
The operator is in the final stages of securing its licence from the National Revenue Agency and will become only the fifth licensee in the market when it goes live.
On entering the market, SportingWin believes it will quickly become the second largest brand thanks to its cutting-edge proprietary platform and marketing leading customer support.
SportingWin, which is part of the Sporting Group, will also be the first to launch an exchange betting product in the market through the Betfair Exchange.
In a recent report, Nielsen valued SportingWin brand equity in Bulgaria at €1m.
Mark Chakravarti, Head of Investment and Board Director at SportingWin, said: “In SportingWin we have a brand, platform and product that has everything it needs to succeed in Bulgaria and beyond.
“We are seeking investment as we want to make sure that we are well capitalised and can deploy our expansion plans efficiently and effectively.
“We see huge potential in Bulgaria and other regulated markets we have lined up for launch and believe we will be able to deliver a 13x cash-on-cash return to our shareholders within three years.
“We have already had considerable interest in our funding round, and I look forward to speaking with potential investors keen to share in what will be a hugely successful journey for SportingWin.”
a standout affiliate portal in the UK iGaming market
Bingo Paradise Reports Record Growth in Q3 2024 with Unprecedented FTD Increase
Bingo Paradise, a standout affiliate portal in the UK iGaming market, has announced its most successful quarter to date. Q3 2024 has been a landmark period for the brand, owned by Meteor Marketing Ltd, with a dramatic increase in first-time depositors (FTDs) helping to solidify its reputation as one of the highest performing affiliates in the UK iGaming market. This achievement highlights Bingo Paradise’s ability to adapt and thrive in a competitive and fast-paced sector.
“Q3 2024 has been a standout quarter for Bingo Paradise,” said Tom Waite, Manager of Bingo Paradise. “Our success is thanks to the hard work of our small team of talented writers and the oversight of our dedicated compliance manager. Together, they ensure that we provide honest, transparent reviews and operate within the highest industry standards. This, combined with our marketing efforts, including SEO and negotiating exciting player offers with operators, has been key to sending substantially more FTD’s to the operators.”
The numbers speak for themselves. Bingo Paradise recorded an impressive 65.24% year-on-year increase in FTDs compared to Q3 2023. This milestone reflects the platform’s unwavering commitment to player-focused strategies, such as delivering comprehensive reviews that allow players to make informed decisions. The team’s dedication to compliance, led by its expert compliance manager, ensures that every piece of content adheres to stringent industry regulations, including those set by the CAP Code.
Bingo Paradise attributes much of its success to its partnerships with operators, which enables the affiliate to offer exclusive deals that resonate strongly with its audience. These deals provide players with added value, increasing engagement and building trust. Importantly, Bingo Paradise works exclusively with UKGC-licensed operators, ensuring that the brands it promotes uphold the highest standards of player fairness and security.
This focus on integrity and quality has not only benefited players but also strengthened the platform’s relationships with operators. By prioritising long-term trust over short-term gains, Bingo Paradise has established itself as a reliable partner in the highly competitive iGaming affiliate market. As the company celebrates its success in Q3 2024, it remains focused on continuous innovation and maintaining its commitment to excellence.
Bingo Paradise has announced a record-breaking Q3 2024, marking its most successful quarter yet. The UK-based affiliate portal has experienced exceptional growth, with a significant rise in first-time depositors (FTDs) highlighting its ability to thrive in the competitive iGaming sector. This achievement demonstrates the platform’s dedication to delivering value to players and operators alike.
“Q3 2024 has been a standout quarter for Bingo Paradise,” said Tom Waite, Manager of Bingo Paradise. “Our success is thanks to the hard work of our small team of talented writers and the oversight of our dedicated compliance manager. Together, they ensure that we provide honest, transparent reviews and operate within the highest industry standards. This, combined with our marketing efforts, including SEO and negotiating exciting player offers with operators, has been key to sending substantially more FTD’s to the operators.”
The 65.24% increase in FTDs compared to the same period in 2023 reflects Bingo Paradise’s focus on transparency, compliance, and player-centric strategies. The platform’s detailed reviews provide valuable insights to help players make informed decisions, while its compliance manager ensures all content adheres to CAP Code regulations and other industry standards.
One of the standout elements of Bingo Paradise’s strategy is its collaboration with UKGC-licensed operators. By partnering with these trusted brands, the platform ensures that players are only introduced to operators who prioritise fairness and security. Additionally, Bingo Paradise’s ability to negotiate exclusive offers that truly resonate with players has played a key role in driving its growth.
The platform’s emphasis on building trust with players and operators alike has been instrumental in its success. By consistently delivering honest content and adhering to industry best practices, Bingo Paradise has established itself as a reliable and ethical affiliate partner.
Looking ahead, Bingo Paradise remains committed to innovation and excellence. Its Q3 2024 results underscore its ability to adapt to changing market dynamics, ensuring it continues to set the standard for success in the iGaming affiliate sector.
The holiday season is here, and RocketPlay is bringing an extra dose of excitement to players with its exclusive Sports Advent Calendar. From December 3 to December 25, each day will unveil a new challenge and reward, turning every moment into a festive thrill for betting enthusiasts.
Advent calendars are a beloved holiday tradition, offering surprises behind every door. RocketPlay has reimagined this concept into an action-packed betting adventure, where each “door” reveals a unique opportunity to win. From Freebets to combo boosters, no-deposit bonuses, and beyond, players can enjoy daily gifts designed to make their December unforgettable.
How does it work?
The RocketPlay Advent Calendar offers a straightforward approach: participants log in daily, check the calendar, complete the designated task, and receive a generous reward. Some examples of the challenges include:
- Placing three bets of 20 EUR or more on Hockey with odds from 1.60 to earn a 10 EUR Freebet.
- Making a combo bet with at least 3 NBA matches with odds from 1.70 for a 10% boost on the final odds.
- Creating combos with EPL matches at odds from 1.70 to unlock a 10% odds boost.
Each day introduces a new activity, providing fresh opportunities to participate and enjoy special rewards throughout the month.
Why RocketPlay?
RocketPlay isn’t just a betting platform. It’s a community of thrill-seekers and reward chasers. With a wide array of betting markets, generous promotions, and top-notch support, it is dedicated to making every player feel like a winner.
This December, RocketPlay is set to add a touch of excitement to the holiday season. Players can visit daily, unlock the Advent Calendar surprises, and turn this month into their most rewarding December yet.
The post RocketPlay launches Sports Advent Calendar for December: daily surprises await appeared first on European Gaming Industry News.
Bingo Paradise Reports Record Growth in Q3 2024 with Unprecedented FTD Increase
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