The Raketech Journal

Raketech, the iGaming performance marketing partner, today announced a sports focused acquisition, delivering growth on strategically important markets such as the US. With the acquisition of P&P Vegas Group Inc, Raketech significantly strengthens its sports footprint on the fast-growing US market with assets such as the US betting tipster community; Picksandparlays.net. Furthermore, the company acquires all assets from QM Media AB, including the leading cricket betting website; Onlinecricketbetting.net with majority of its traffic from India. The total purchase price amounts to EUR 16m, payable in cash and issuance of new shares as at closing.

Raketech, the iGaming performance marketing partner, today delivered on an important milestone on the company’s strategy by announcing its acquisition of the US based organic affiliation marketing assets americangambler.com (“American Gambler”). As a result of the acquisition, Raketech’s revenues within the US are expected to reach approximately 5-10 percent of the group’s total revenues, already in Q4 of this year.

Raketech, the iGaming performance marketing partner, today announced that the company has divested its consumer finance assets to ROI Media UK, for a total consideration of EUR 4.2m. The divestment is in line with Raketech’s strategy of being the preferred performance marketing partner within iGaming.

Raketech, the iGaming performance marketing partner, monitors the development of
the COVID-19 virus and its potential effects on its industry closely. So far,
the strategies as how to handle the outbreak have been different from country to
country which makes the situation somewhat hard to predict. Raketech do not
anticipate substantial negative effects on the iGaming industry in the long
term, even though sports betting revenues most likely will be affected
negatively during 2020 due to the many cancelled sports events. Q1 2020 is so
far delivering revenues in line with expectations with January and February
amounting to approximately EUR 4.0m in total. During March, Raketech expect to
deliver revenues in line with the two previous months, excluding revenues from
the newly acquired Lead Republik Ltd.