Affiliate Industry
BonusFinder granted Michigan licence
With online sports betting coming to Michigan imminently, local gambling fans will be delighted to learn that BonusFinder.com has been granted an affiliate licence for the US state.
The move could not have been timed better, with sports betting on the verge of being made legal either by the end of 2020 or early in the new year. And with upwards of 10million people living in the state, Michigan has the potential to be a significant online gaming market.
BonusFinder managing director Fintan Costello explained what the new licence means for players: “We are now legally allowed to operate in the state, which means that once sportsbooks start launching, BonusFinder can list them on the site, write reviews and provide the people of Michigan with the best bonus codes for the sites that are due to launch.”
Michigan sportsbook licence applications were invited in summer 2020, open to commercial land-based casinos and tribes within the state. Following this announcement, many of the world’s leading online sportsbook and gaming suppliers entered into agreements with Michigan casinos, including Kambi with the Pokagon Band of Potawatomi, Rush Street Interactive with the Little River Band of Ottawa Indians/Little River Casino, and DraftKings with Bay Mills Casino.
Costello was also enthusiastic about the ease of the licensing process. He said: “It was a relatively straightforward process compared to some other states, so we are very grateful for the Michigan Gaming Control Board – the whole process took a little over two months.”
The latest licence comes after a big year for the company, who have already been granted permission to bring BonusFinder to players in New Jersey, Pennsylvania, Indiana, West Virginia, Colorado, Tennessee, and Illinois.
Michigan is home to 24 tribal casinos under 12 tribal compacts, while Detroit has three further casinos; the 27 casinos generated a combined £2.87bn in revenue in 2019.
The freshly-minted online gaming and sportsbook regulations have arrived with a competitive tax rate for casinos, so analysts expect Michigan to be a major market. Figures in the region of $650m in revenue for the first year have been touted in some corners, which would generate significant tax revenue.
BonusFinder.com’s Fintan Costello is available for interview on the subject of US state licensing. Contact Jon Bruford for information.
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Affiliate Industry
N1 Partners X-Mas Giveaway: The Ultimate Reward for High-Achieving Affiliates!
N1 Partners is bringing excitement this holiday season with the X-Mas Giveaway! High-achieving affiliates can get rewarded with exclusive prizes, including a dream trip to the Maldives, premium gifts, and more. Join the giveaway and celebrate your success with us!
This December, N1 Partners is launching the X-Mas Giveaway to reward our valued partners. This giveaway offers prizes for our high-achieving partners.
From December 1 to December 31, all registered partners who generate 50+ FTDs within December enter the draw to win one of five AirPods Max. But that’s not all—participants with the top three deposit sums get rewarded with premium prizes:
- 1st Place: A luxurious trip for two to the Maldives
- 2nd Place: An exclusive Louis Vuitton Travel Kit
- 3rd Place: An iPad Pro 13″ (1TB)
N1 Partners is committed to creating opportunities for all partners to succeed. New partners are invited to join our network to become eligible for this giveaway. Sign up here and get started today.
“At N1 Partners, we are always striving to surprise and delight our affiliates. We don’t view each affiliate as just another account, but as a valued partner with whom we build long-lasting business relationships. Promotions like these give our partners the opportunity to see that firsthand and earn well-deserved rewards for their achievements.” — Alexa Bond, Head of Affiliates, N1 Partners
For full terms, visit our website. Winners will be announced in early January 2025.
This holiday season, let N1 Partners be your gateway to exciting rewards and opportunities!
About N1 Partners
N1 Partners is a company with expertise in online entertainment. Today, N1 Partners unites over ten high-converting online casinos, betting brands, and the N1 Partners affiliate program.
The post N1 Partners X-Mas Giveaway: The Ultimate Reward for High-Achieving Affiliates! appeared first on European Gaming Industry News.
Affiliate Industry
PartnerMatrix and Momentoom Join Forces To Introduce Agent System Tools
PartnerMatrix, a premier affiliate and agent management software provider, and Momentoom, a fast-growing and successful iGaming solution provider are excited to announce their partnership.
This collaboration introduces PartnerMatrix agent system software integration into Momentoom’s advanced platform offering, delivering innovative tools and enhanced functionality to operators worldwide.
The partnership brings together the strengths of two dynamic companies. Momentoom’s flexible Turnkey and API solutions, designed to meet the diverse needs of operators globally, now incorporate PartnerMatrix’s industry-leading agent management tools. Operators will benefit from improved network management, real-time performance tracking, and optimized player acquisition strategies, creating a seamless and scalable environment for growth.
PartnerMatrix agent system software is renowned for its ability to simplify and enhance the management of affiliate and agent networks. Its intuitive features allow operators to monitor campaign success, manage commissions, and effectively expand their market reach. The integration reflects both companies’ dedication to innovation and their shared commitment to helping operators achieve sustainable growth.
Vahe Khalatyan, CEO of PartnerMatrix, commented: “Momentoom is a fast-growing name in iGaming, providing truly targeted solutions for the market. PartnerMatrix will proudly cover agent management solutions, ensuring the most updated and cutting-edge agent tools for Momentoom’s audience. The agent market and networks are growing rapidly, and this partnership will surely bring an extra focus to the topic, with big potential in many regions worldwide.”
Artyom Dovlatyan, CPO of Momentoom, said: “The integration of PartnerMatrix agent system into our platform is an exciting milestone for Momentoom. This collaboration reinforces our commitment to delivering operator-centric solutions that drive efficiency and growth. PartnerMatrix’s expertise in agent and affiliate management aligns perfectly with our mission to empower operators in the iGaming industry.”
Together, the companies aim to equip operators with the tools they need to succeed in a competitive market.
The post PartnerMatrix and Momentoom Join Forces To Introduce Agent System Tools appeared first on European Gaming Industry News.
Affiliate Industry
Gentoo Media reports Q3 2024
Gentoo Media Inc., now solely an affiliate-focused business, reports record high revenues for the 15th consecutive quarter
Gentoo Media Inc. presents its Q3 2024 financial report, with record-high revenue of EUR 30.4 million, up 35% year-over-year, marking the 15th consecutive quarter of growth. During the quarter, the company completed the spin-off of its Platform & Sportsbook division and formally rebranded from Gaming Innovation Group Inc. to Gentoo Media.
Q3 highlights
- Gentoo Media reported all-time high revenues of € 30.4m, up 35% YoY, of which 12% organic growth.
- EBITDA before special items reached €14.6m, with an EBITDA margin of 48%.
- EBITDA after special items increased by 36% to €14.0m, with an EBITDA margin of 46% (46%).
- EBIT reached €10.0m, with a margin of 33% (32%).
- Focus on higher-value markets continued in Q3. Value of deposits increased 36% for the player base, while player intake reached 112,000, down 2% YoY.
- Gentoo Media is now purely an affiliate-focused business after distribution of the Platform & Sportsbook division to shareholders on 30 September 2024.
- Cash flow from operations will improve post-split, expanding capital allocation options moving forward
- Gentoo Media is now better positioned to deliver meaningful returns and create substantial value for our investors.
Investor presentation and webcast
CEO of Gentoo Media, Jonas Warrer, will host a presentation of the Q3 2024 results via livestream at 09:00 CET today.
The presentation will be followed by a Q&A-session, and investors, analysts and journalists are welcome to participate. The presentation will be given in English.
The post Gentoo Media reports Q3 2024 appeared first on European Gaming Industry News.
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