Raketech expects casino focus to mitigate Covid-19 impact

Raketech expects casino focus to mitigate Covid-19 impact

Online affiliate and content marketing provider Raketech said it does not expect the outbreak of novel coronavirus (Covid-19) to have a long-term impact on its business, but did warn that the pandemic is likely to affect sports betting income.

Published 27th March 2020

Raketech said that despite the ongoing situation regarding coronavirus, its first-quarter performance is so far in line with management expectations.

Overall revenue for January and February amounted to approximately €4.0m (£3.6m/$4.4m), with revenue in March set to be in line with the two previous months, excluding revenue from the newly acquired Lead Republik business.

Raketech said that as the strategies to handle the outbreak have differed from country to country, this has made it difficult to predict the likely impact of Covid-19 on its business in the longer term.

However, Raketech did say that it does not anticipate “substantial negative effects on the igaming industry in the long-term”, but did note that its sports betting revenue will most likely be affected negatively due to the many cancelled and postponed events around the world.

Read the full story on iGB.