The legendary roaring Rock Festival!
It‘s well known that LeoVegas loves to provide the biggest volume of fun for their players especially when they have a brand new game being released. With the launch of NetEnt‘s mega Motörhead video slot, the doors opened for a whole rock festival of fun that is – the legendary line up not only includes Motörhead but Guns N‘ Roses and Jimi Hendrix as well! Between the 22nd of September and the 24th October, all players can collect points every time they play during each leaderboard week to win their share of the £/€100,000 cash. Players can also collect tickets into the final live draw to win (concert tickets to The Cure, Red Hot Chilli Peppers and the very last Black Sabbath Tour) a guitar signed by the late Lemmy, Motörhead‘s former front man. To raise the level of fun up to the maximum, extra prizes were added for players in Sweden and the United Kingdom:
-Sweden: Drum lesson with Mikkey Dee (Scorpions)
-United Kingdom: Concert tickets to see The Cure, Red Hot Chilli Peppers and the very last Black Sabbath tour.
The winner will be drawn on the 25th October at the exclusive LeoVegas Celebrity Blackjack Party table.
Make sure you roar as loud as you can about all the hair-raising freebies up for grabs and fun to be found at the LeoVegas Rock Festival!
Nigeria’s Most Trusted Brand: GoBet247 Launches with Income Access
Income Access is thrilled to announce their partnership with GoBet247, a leader for sports betting in Nigeria, as well as Casino and Lottery, in addition to the launch of their new affiliate program.
Income Access will be providing their industry-leading affiliate tracking platform solution to GoBet247, as well as launching their new affiliate channel. The affiliate platform will offer affiliates a wide range of marketing and analytics tools, flexible commissions, detailed performance tracking and support from a knowledgeable team with over 20 years of experience in the industry.
GoBet247 is a modern and innovative online gaming platform. Their easy to navigate website includes a wide range of products, including Sports, Live Sports, Live Streaming, Virtual Sports, Lotto, Live Casino, Poker, Keno Games and Bet Booking.
Their focus is on creating a brand that the Nigerian gaming audience will trust, with a world class hassle-free platform that offers punters the opportunity to access their winnings in the twinkle of an eye. And punters can earn more using this platform because their odds are highly competitive.
GoBet247 is happy to offer exciting promos to their players, including:
- Win Boost up to 250% Accumulator Bonus (Highest in the Sport betting Industry)
- Free N250 Sign-up Bonus with no Initial Deposit Required.
- 100% Welcome Bonus on Players First Deposit up to N100,000
- Prize Jackpot Pool on Casino & Live Casino Games
- Special Odds on Sports Betting Events:
* Special Odds on Sporting Events
* Boosted Odds on Games
* Boosted Odds on Combined Games
GoBet247’s priority is to create the best sports betting experience for its players and provides Instant Bets, Live Games, Booking Codes, Cash Out & Re-bet Options.
GoBet247’s Commission Promotion
For their launch, GoBet247 is offering an exclusive commission promotion. All new affiliates who sign up to the program will get a 40% flat revenue share with no negative carry over for the first three months.
Thereafter, a 35% flat revenue share commission will come into effect. Please note that GoBet247 will be happy to negotiate bespoke deals as well.
Loro Partners Launched New Sports Betting and Casino Affiliate Programs
Loro Partners presents newly developed sports betting and club-associated programs that offer great opportunities to their clients. The company is a group of qualified experts that works on standards like trust and stability. It offers individuals to connect with and be a part of affiliate programs. The company provides incredible income deals to its partners. The group of qualified professionals assists the individuals in achieving the ideal outcomes in a brief time frame.
Loro Partners is a reliable investment platform that gives the surety of guaranteed income to its partners. Every month by the date of 20, the company starts convenient handling of withdrawal requests. Each partner who connected with Loro was relegated to a personal supervisor. The personal supervisor will provide the partner comprehension data and assist with any inquiry regarding the Loro brand. The company provides point-by-point and flexible details about the statistics to their partners. It offers various levels of access and information exports.
Loro Partners provides full customer support. The company endeavors to provide great comfort to its partners and as well as their clients. For high transformation proficiency, the company presents exclusive extra offers and promotional materials. Along with that, Loro provides technical support to its partners. The group of experts works day and night and will give any help with instances of technical problems or issues.
Loro Partners invites individuals to participate who want to adapt to traffic with their abilities. With the launch of the betting brand “Wagonbet,” individuals can begin earning. Wagonbet is designed according to the player’s needs. The brand is known as the flagship among bookmakers, which has a wide range of game and bet lines. The brand has a list of famous gambling club providers. The customers will be allowed to explore the site without any hurdles with neutral design and easy navigation. The Loro brand is responsible for supporting the customers, administration, competition, and reward as well and you can reach out via their social handles.
Raketech Q2 2022: Solid performance from the core portfolio of affiliation marketing and Affiliation Cloud launched
QUOTE FROM OSKAR MÜHLBACH, CEO
“Q2 of 2022 was yet another stable quarter for Raketech Group. Our core portfolio of affiliation marketing assets delivered results in line with Q1, despite challenging market conditions and low seasonality. Again, proving the strength of Raketech’s well diversified asset portfolio, as well as our well balanced vertical and geographical split. Total revenues for the quarter amounted to EUR 11.3m, equivalent to a growth of 29%.”
Q2 2022 FINANCIAL HIGHLIGHTS
- The core portfolio of affiliation marketing assets delivered solid results, despite challenging market conditions. Revenues totalled EUR 11.3 million (EUR 8.8 million).
- Organic growth amounted to -4.0% (25.7%), an effect of changed regulations on the Finnish market as well as Network sales no longer being offered on the German and Dutch markets due to re-regulations.
- US revenues amounted to EUR 1.3 million (EUR 0.3 million), as US sports entered its low season of the year.
- Sports revenues totalled EUR 3.5 million (EUR 1.3 million), corresponding to 31.0% (15.2%) of total revenues.
- Revenues from the recently launched Affiliation Cloud amounted to EUR 0.2 million (EUR 0 million).
- Adjusted EBITDA amounted to EUR 4.0 million (EUR 3.4 million), corresponding to a margin of 35.0% (38.7%). Expected seasonality effects from primarily the US market affecting the margin.
Q2 2022 OPERATIONAL HIGHLIGHTS
- Strong performance from most assets following the recent Google core update.
- Continuous investments in the US organisation and tech development such as the Affiliation Cloud to further consolidate the platform for growth.
- The company announced it has extended its revolving credit facility of EUR 15 million with Avida Finans AB up until September 2023. When utilized, the interest on the facility is EURIBOR plus 4.25% with an additional upfront extension fee. The credit facility includes an extension option and can thus be renewed annually subject to certain conditions.
SUBSEQUENT EVENTS AFTER THE END OF THE PERIOD
- Revenues in July 2022 amounted to EUR 3.9 million (EUR 2.9 million).
CEO OSKAR MÜHLBACH COMMENTS ON THE QUARTER
Q2 of 2022 was yet another stable quarter for Raketech Group. Our core portfolio of affiliation marketing assets delivered results in line with Q1, despite challenging market conditions and low seasonality. Again, proving the strength of Raketech’s well diversified asset portfolio, as well as our well balanced vertical and geographical split. Total revenues for the quarter amounted to EUR 11.3m, equivalent to a growth of 29%.
Year over year we declined organically with 4%, entirely relating to the Finnish market as expected, stabilizing on lower levels due to changes in legislation, and our Network no longer being offered on the German and Dutch markets due to re-regulations.
Considering these factors and that Q2 of last year included both a digitalization boost due to Covid and the UEFA EURO I am therefore very happy with our Q2 performance of this year. It gives me confidence to see that our assets are holding up strong despite such tough comparison numbers and a generally negative reported Q2 iGaming sentiment.
Furthermore, as Q2 is a seasonally weaker period for sports in the US, revenues from this market were as expected lower than those in Q1, representing 12% of the Group’s total. At the same time, revenues from the Nordics were 47% of group total thanks to the strong performance from our core portfolio.
Adjusted EBITDA for the quarter came in at EUR 4m, representing a margin of 35% relating primarily to the low sports season in the US where our fixed cost base is stable, in combination with the continuously high investments pace with regards to product development, US organization and the Affiliation Cloud.
During the quarter Google rolled out one of their “core updates” that affected us in a positive direction, which is an additional testament that we are doing things right. Worth mentioning in this context is that several of our flagship assets on the, for us so important Swedish market, experienced increased organic visibility. And with regards to our latest product innovation, the Affiliation Cloud, we experienced more interest in the product than expected, which is exciting considering it is currently only in beta phase. We have therefore increased investments into this area to ensure we maximize our capacity to onboard new clients while ensuring a great user experience for both affiliates and operators. Affiliation Cloud revenues for Q2 was approximately EUR 200k.
And with regards to other investments, one of the more interesting and exciting current projects is relating to our Flagship asset Casinofeber. As of February 2023, Casinofeber will be completely operated by the central Raketech team as it is handed over from the original team. I am very excited about this, not only from a product development perspective but also very much from a cash flow perspective as the full operating cash flow from this asset will be made available for Raketech in its whole once the final earn out is settled at the end Q1 2023.
As a final quarterly highlight, I am happy to be able to mention that we have extended our revolving credit facility of EUR 15 million for yet another year on attractive commercial conditions, with the possibility of further extension based on certain criteria. The credit facility ensures we can continue to invest into organic growth while also keeping the door open for additional M&A.
July revenues came in at EUR 3.9m, relating to continuous strong performance from core assets as well promising results from Affiliation Cloud.
The second half of the year is typically stronger than the first half. And with our core products portfolio performing well, the American football season coming to a start and the FIFA World Cup to look forward to in November and December, we reiterate our full-year aim of being within the interval of EUR 50-55m in revenues with an EBITDA margin within 40-44%. I am very happy to see that our diversification strategy and strong operational delivery focus is paying off. Raketech is in a position where we are, not immune perhaps, but very resilient against sudden changes in the world around us. And not only are we resilient but also well positioned for growth with regards to products, markets, and different revenue stream on the ever changing and growing global iGaming industry. With that said I am very much looking forward to the last part of this year.
Soft2Bet launches a new affiliate management system ReferOn
A new, feature-filled affiliate management system powered by the platform provider Soft2Bet, a top-notch online platform provider has recently...
Arsenal legend Ray Parlour and Southampton’s Francis Benali MBE confirmed for Partners.io stand at iGB Affiliate London
Visitors to the Partners.io stand (L50) at iGB Affiliate London (8th – 11th February, show open days 9th –...
AffPapa surpasses 500 registrants for iGaming Club London
iGaming Club London, the latest in a series of global events powered by AffPapa, has exceeded all expectations after...
FAVBET switches to Single Wallet for increased player comfort and smoother operations
FAVBET is doing away with the practice of creating several wallets in the player’s personal account on favbet.com...
Ad Fraud and Affiliate Marketing Strategies: How Online Gaming Companies Can Transform Their ROI
By: Richard Metcalf, Global VP, Sports Betting & Online Gaming, TrafficGuard Betting companies can adopt cutting-edge technology and...
“Cheer for those who cheer for us”: FAVBET calls on Ukrainian football fans to support Ukraine’s allies at the 2022 World Cup
November 20 marked the kickoff of the 2022 FIFA World Cup in Qatar. An event long anticipated by football...
Where to play online casino games in Indiana
If you are an Indiana resident looking for the best sites to play online casino games, you’ve come to...
Ten percent of World Cup bets will be with crypto
One in every 10 dollars bet on the 2022 World Cup will be a cryptocurrency wager, according to new...
Twitch bans crypto-casinos, but all other forms are still allowed
Crypto-casino streaming has been banned by Twitch, but the platform still enables vast amounts of fiat currency gambling. The industry...
5 rules to starting an online casino or sportsbook (anywhere in the world)
If you’re looking to invest in a business sector that can outrun large-scale economic downturns, including a global pandemic,...
News5 years ago
Paddy Power departs the Italian market
Affiliate Success2 years ago
Blexr has been crowned Best Casino Affiliate at this year’s IGB Affiliate Awards
News6 years ago
Use of Social Media for Online Gambling Affiliates
Affiliate Announcements4 years ago
How to Stand Out on Georgia’s Profitable Gambling Market? Leading Experts to Discuss Best Practices at Georgia iGaming Affiliate Conference
Affiliate Success6 years ago
Affiliate Interviews: CasinoDaddy (Mathias, Anton, and Erik Joelsson)
News4 years ago
Casino Games for Real Money – Choosing One to Play
Affiliate Success6 years ago
Exclusive Interview with Christoph C. Cemper Founder & CEO of LinkResearchTools and Link Detox
News4 years ago
Henrik Persson Ekdahl announces sale of stake in Catena Media