A leading product and technology provider in the Esports industry, Esports Technologies, has today announced revenue of around $7 million for the quarter that ended the 2021 year, with profit of around $2.5 million.
According to reports, the majority of these figures were from the month of December alone and in-part attributed to the company’s acquisition of the online sportsbook and casinos Griffon Casino, Dansk777, Karamba, GenerationVIP and Hopa.
Additionally, Esports Technologies also stated that it expects revenue for the 2022 year to be around the $70 million mark and outlined that the firm has taken significant steps towards its vision and ambition of becoming the leading brand in Esports wagering and technology.
Active markets of the company include Ireland, UK, Denmark and Germany, following the acquisition of the aforementioned brands, which in turn has seen 1.25 million deposited customers.
Esports Technologies has highlighted that it will use this milestone to continue on the path of growing the wager size and number across operating brands.
What’s more, the firm has its sights set on new regulated markets around the world and has invested in expansion in to Asia, Latin America and further in to Europe.
Furthermore, by consolidating all of the company’s brands in to one single platform, Esports Technologies can enhance efficiency of launch in to new regulated markets.
One of the core aspects of the business is to provide more sports betting options to players along with improved odds, in which it plans to increase and enhanced through continuous investment in these products.
Aaron Speach of Esports Technologies explained more:
This quarter, we have made a big step towards our vision to be the leader in Esports wagering. The boost in revenue from our newly acquired brands is a great indication of future growth.
With this business, and our other avenues for growth, we are strongly positioned to capitalize on the heightened popularity and interest in Esports.