Tag Archives: RakeTech

Raketech nominates US executives to bolster boardroom vision

The board of Raketech Plc has confirmed that it will propose the nominations of Clare Boynton and Pierre Cadena to be elected as new board members at the firm’s annual General Meeting on 17 May.  The nominations have been submitted, as Raketech announces that current board members Annika Billberg and Fredrik Svederman have chosen not to stand for re-election. Based …

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Raketech sports revenues double as acquisition strategy drives growth

Raketech has detailed a strong performance across its verticals, identifying a particularly positive trend among its sports betting divisions, which the group has attributed to its acquisitions policy.  As detailed in its Q4 2021 and full year interim trading report, total revenue for the final quarter of the year reached €11.84 million (2020: €8.46m), a 40% increase on 2020 figures.  …

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Raketech recruits Hills and Parsons as new MDs overseeing Malta and US operations

Raketech Plc has confirmed the dual appointment of Ian Hills and Danielle Parsons as new Managing Directors of its respective Malta and North American business units. The Nordic Nasdaq media publisher has moved to reorganise its senior management ranks to match its heightened 2022 commercial objectives with a view to grow its media network across multiple regulated online gambling markets. …

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Raketech secures new US vision by completing ATS buyout

Raketech Plc has significantly expanded it’s US wagering media and affiliate publishing network by completing its acquisition of ATS Consultants for $15.5 million. Announced on 9 November, the transformative deal will see Raketech take control of ATS North American sports portfolio, which includes the leading tipster communities of Winnersandwhiners.com, as well as Statsalt.com and Pickpapa.com.  The agreed purchase price for …

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Raketech continues US expansion by acquiring ATS tipster communities 

 Raketech Plc has agreed to acquire the assets of US sports tipster group ATS Consultants for an agreed purchase price of $15.5 million (€13.5m). The deal will see Raketech expand its North American publishing portfolio to include the tipster communities of Winnersandwhiners.com, Statsalt.com and Pickpapa.com. Securing its latest US transaction, Raketech confirmed that it would pay an upfront $12 million …

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Raketech amplifies sports inventory with €16m QM Media buyout 

Raketech Plc has agreed to acquire QM Media, finalising a deal valued at €16 million, to boost the sports media inventory of its publishing network. This afternoon, Raketech confirmed that it had agreed to acquire QM Media and its P&P Vegas North American subsidiary outright.   Deal terms will see Raketech pay €9 million in cash upfront, with the remainder of …

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Raketech refined network nets record Q2 sales results 

Raketech Plc has registered record trading results, lauding the growth of its publishing network, servicing multiple geographies and helping offset dependence on Nordic markets.  Publishing its Q2 2021 trading update, Raketech registered group revenues of €8.8 million, up 25% on corresponding 2019 results of €7 million.  Q2 revenue growth was maintained despite Raketech recording a 15% decrease in new depositing …

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Raketech expands Spanish vision with Infinileads network buyout

Raketech has acquired Spanish affiliate marketing publisher and lead generation specialist Infinileads SL, in a bid to expand its services for Latin America, Spain and Italy. Marked as an “important strategic milestone”, the acquisition of Infinileads – along with key assests Slotjava.es and Slotjava.it – sees Rakatech enhance its position within several of LatAm’s emerging markets, such as Argentina, Mexico and Peru, in addition to current Infinileads core …

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Raketech secures €15m credit facility to support acquisitions strategy

Raketech has secured a one-year revolving credit facility with Avida Finans for a total of €15 million, enabling the firm to continue embarking on strategic acquisitions. Interest on the facility – which replaces an existing facility with Swedbank of €10 million – stands at 4.25%, in addition to an annual upfront commitment fee. Furthermore, as well as assisting the firm …

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Raketech lowers Swedish dependency as growth diversifies to Japan and US

Raketech has reported strong growth across all core metrics for Q1 2021, recording an annual growth rate of 27% with market success in the US and Japan identified as key driving factors. Overall group revenues reached €8.3 million (Q1 2020: €6.5 million), whilst earnings derived from sports increased to 17% of group trading – representing an annual increase of 27%. …

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