Leading technology supplier now in 21 regulated territories – several high-profile operators to go live with full platform solution
16th November, 2018 – Leading sports betting and gaming technology supplier SBTech will enter the rapidly growing regulated French market in the first quarter of 2019, with a strong pipeline of well-known operators set to integrate its proven platform and software solutions.
France will be the provider’s 21st regulated market and swiftly follows its entry into the US, after partnership agreements with prestigious casino brands in states including New Jersey and Mississippi.
A key pillar of SBTech’s strategy is to enter all major regulated markets, and the regulated French online sports betting space, open since 2010, has developed into one of the biggest in Europe.
Third quarter numbers released by French regulator ARJEL earlier this month demonstrated a 28% year-on-year increase in iGaming turnover to €2.78 billion and a 21% rise in gross gaming revenue (GGR) to €271 million.
Sports betting has seen the largest gains, with turnover rising 81% to €995m, representing the vertical’s highest quarterly growth rate since the opening of the market. Figures for Q3 saw sports betting record a 40% rise in GGR to €149m. Football was the most popular sport with turnover of €626.9m, followed by tennis with €258.4m and horse racing at €254m.
SBTech will continue to expand its regulated market footprint with further entry into several regulating and emerging markets including Sweden, South Africa and Pennsylvania in 2019 and beyond.
Richard Carter, CEO, SBTech, said: “Our strategy is to enter every leading regulated market and 2018 has seen our presence grow significantly across key regulated and newly regulated territories.
“France has emerged as one of the strongest and most mature online sports betting markets in Europe, delivering consistent quarterly and annual growth. We firmly believe, however, that there is room for further growth and that the operators which are poised to integrate our platform and technology solutions next year will reap sizeable benefits.”
For more information, please contact:
Square in the Air Communications
+44 (0) 20 3586 1982
SBTech is an award-winning global leader in omni-channel sports betting and gaming technology, powering the world’s largest operators, state lotteries, land-based casinos, and horse racing companies.
Founded in 2007, and with more than 1,100 employees in nine global offices, SBTech has developed the industry’s most powerful, innovative, data-driven online sports betting and casino platform, serving licensees in more than 20 regulated markets.
The group supplies highly flexible and scalable omni-channel betting and gaming software solutions to clients looking for exceptional configurability, differentiation, and the quickest route to market, complemented by proven business intelligence and reporting capabilities.
Supported by unrivalled expertise in trading and risk management, acquisition and CRM, and the highest standards of regulatory compliance, SBTech’s partners consistently achieve rapid growth, enhanced brand loyalty and record revenues.
For more information, visit: www.sbtech.com