Sportnco, a firm that assists individuals in wagering on sporting events and managing their accounts, has declared that their earnings in 2020 surpassed those of 2019. They reported significant growth in the United States, Latin America, and Europe.
Sportnco generated €19 million in 2020, representing a 35.7% surge from the €14 million earned in 2019.
Sportnco indicated that their revenue from sales to businesses and direct customer sales remained relatively consistent in 2020. However, they experienced a substantial increase in earnings from business-to-business sales.
They generated €10 million from customer sales in 2020, marking an 89% rise from 2019. Their business sales yielded €9 million, reflecting a 3% increase from 2019.
Sportnco also disclosed that they acquired a Spanish company, Tecnalis, which contributed to their enhanced financial performance in 2020.
Sportnco further reported €6.1 million in pre-tax profits, representing a 68% increase from 2019. They also achieved €1.8 million in post-tax profits, a 50% surge from 2019.
As of the end of 2020, Sportnco was collaborating with 36 distinct companies across 13 countries in Europe, Latin America, and the United States.
The Chief Executive Officer of Sportnco, Hervé Schlosser, asserted that the preceding year had demonstrated the company’s robust standing.
Our company has shown remarkable strength in the face of the COVID-19 pandemic. We’ve further proven our capacity to expand rapidly through strategic acquisitions, as demonstrated by this year’s purchase of Tecnalis and its acclaimed Alira player account management system.
We are enthusiastic about the potential for Sportnco to capitalize on the ongoing global regulation of the sports betting and gaming sector in the months and years ahead.
Earlier this year, Sportnco made its initial foray into the US online gambling market by introducing a free-to-play sports betting application for daily fantasy sports provider SuperDraft.
SuperDraft holds the distinction of being the official draft fantasy sports platform for Caesars Entertainment, which made an investment in the company in January.
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