Raketech Partners with Danske Spil in Denmark
Raketech, a company that connects users to online gambling platforms, has forged a new media alliance with Danske Spil, the Danish national lottery operator. This collaboration highlights the company’s growing presence in the Danish market.
The agreement will assist in the expansion of Raketech’s sports-related offerings in Denmark, aligning with the company’s long-term plan to broaden its revenue sources. The partnership will run for a period of three years with the possibility of extension for an additional year. This marks Raketech’s second partnership in Denmark, following a previous agreement with gambling operator Vbet earlier this year. Raketech has also formed similar partnerships with other state-owned gambling operators, such as Svenska Spel in Sweden.
“We are thrilled to announce a three-year media partnership with Danske Spil,” stated Johan Svensson, acting CEO of Raketech. “This collaboration expands our media offerings while continuing to deliver top-tier online resources for the Danish market.
“This partnership represents a significant achievement for Raketech in Denmark. It acknowledges the capability of our products to support large, successful operators who demand high levels of execution.”
Svensson is currently serving as the interim leader of Raketech.
Svensson assumed the role of temporary head of Raketech in January following Oscar Mørbach’s resignation.
Mørbach departed due to differences in opinion regarding the company’s strategic path. He had been the chief executive since December 2019, having previously held the position of chief operating officer.
Svensson, a co-founder of Raketech, previously held the position of chief executive before stepping down in 2017. He is now back in a temporary capacity while Raketech seeks a permanent replacement.
The expansion of the lottery business spurred revenue growth for Danske Spil.
The operator, Danske Spil, reported that its revenue and net profit increased year-over-year in its 2023 fiscal year report. This was attributed to growth in its lottery division.
Key highlights include a 1.2% rise in revenue to DKK 5.04 billion (GBP 576.3 million/EUR 675.6 million/USD 720.2 million). Of this, Danske Spil’s lottery division generated DKK 2.87 billion in revenue, a 2.5% increase, setting a new annual record.
Danske Spil reported a pre-tax profit of DKK 2.35 billion, an increase of 6.0%. After paying DKK 526.5 million in taxes, the group’s net profit for 2023 was DKK 1.82 billion, a 5.9% year-over-year increase.
Sign up for the iGaming newsletter.
