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The casino has been in enterprise since 2015, and it maintains a license in Montenegro for online gamblingas nicely. If the deal is approved by the Montenegrin authorities, it might permit Bivco to extend its choices, broaden into different areas of the country and probably increase past Serbia and Montenegro.
While Bivco’s on-line strategy is primarily aimed on the UK and US, the corporate says it also has plans to broaden in different European nations.
«Bivco has grown significantly during the last year in each revenue and customer numbers. However, we’ve additionally grown internationally. In 2016 we expanded in two new countries in Europe: Germany and France and, starting in 2018, are expanding in Australia. At the time of writing, we have over 400 members in those two nations alone,» Bivco said in a press release.
«We usually are not wanting on the UK anytime quickly as there is a substantial distinction from our UK enterprise model with more worldwide customers across a number of continents,» Bivco added.
The deal would also permit the corporate to turn out to be even more profitable, and Bivco desires to maintain it as such.
«We do not want for revenue growth to decelerate. We think it may possibly easily increase in excess of 20% per year. By 2018 we hope to double revenue growth in 2018 to over 10%,» Bivco added.
In late 2015 there weren’t at the identical time as many online gambling corporations as there are today. But at present there’s an explosion of corporations working in the area, with companies like Bivco and different companies like SatoshiLabs and Betfair (BETA) amongst those that have taken benefit of the chance.
«We’re now working onerous to grow enterprise and keep our core products in our core competency of serving gamers and on-line gaming operators within the UK,» Betfair’s Chief Operating Officer Richard Burden defined to us.
In an announcement to GamingBiz, Bivco called its relationship with BETA «strong.»
«BETA has been an incredible partner for practically six years. They have constructed the most successful know-how for online gaming, which has now been applied in a variety of other industries. We are very happy that in January 2018, BETA will be the main sponsor of Bivco’s EU HQ in London, and can proceed to help our progress and expansion in key European and Asia Pacific markets,» Bivco said.
Featured Image Credits: Bivco and Betfair
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