New Betting Markets Offer Opportunities for Expanding Gaming Companies - Seite 2

Bragg also recently partnered with JVH Gaming & Entertainment Group, giving the company its entry point into the Netherlands market as well. To cement the deal, ORYX will provide JVH with its iGaming platform, which will bring JVH's business online for the first time.

In December, Bragg announced a multi-jurisdictional deal with Finnish international casino operator Paf that will see ORYX content distributed in Sweden, Estonia, Spain, Latvia, and Finland. In November, Bragg entered the Swiss market via a partnership with online casino operator mycasino.ch by Grand Casino Luzern. The company has had an eye on the Swiss market since 2019 when legislation opened the country to online betting.

"We've made extraordinary progress in 2020 and are very pleased with the substantial revenue and EBITDA growth that we've delivered," Bragg CEO Adam Arviv said in a recent release on the company's Q3 revenue growth. "We continue to expand globally, enhancing our content portfolio and technology offering, and securing new customers across key geographies."

Gaming Companies Find New Opportunities in New Markets

Gaming company Entain Plc (OTC:GMVHF) announced on January 7 that it would be moving into the Baltic gaming markets via a £250 million offer for Enlabs, a leading gaming company operating in Baltic markets like Latvia, Estonia, and Lithuania. Entain sees enormous opportunity in the locally regulated and fast-growing Baltic markets and sees Entain's foothold in these counties as an ideal way in.

In November, leading sports betting company DraftKings Inc (NASDAQ:DKNG) launched its mobile sportsbook app in Tennessee. DraftKings has been rapidly expanding throughout the United States in recent months, in part due to legislative momentum for online sports betting throughout the country. Tennessee is now the ninth state in which the DraftKings app is operating. The company also established itself in Illinois, West Virginia, Pennsylvania, and New Jersey in the latter half of 2020. DraftKings has been expanding internationally as well, partnering with South African casino operator Peermont Hotels, Gaming and Resorts in October.