Stake.com and Indian Premier League: Successful Partnership with 100 Million Dollar Investment
Date: 2024-05-10 Author: Leon Pierce Categories: SPORTS BETTING
India Growth Strategy
Cyprus-based global gaming portal Stake.com has demonstrated its ambitious growth strategy in the Indian market by investing over $100 million in the ongoing season of the Indian Premier League (IPL). The decision comes after aggressive marketing campaigns and the launch of Indian Rupee deposits ahead of the start of the IPL 2024 season.
Successful Investment Result
Stake has reported a significant increase in betting volume during the current IPL season, confirming the success of their strategy in India. Jarrod Febbrayo, Stake's chief commercial officer, expressed confidence in Stake's growing popularity, noting that more than $100 million has been wagered this season alone.
Strengthening Presence in India
Stake's promotion in India was also supported by a number of marketing promotions, including offering payouts to customers whose teams achieved certain results during IPL matches. These promotions have attracted new players, bringing a fresh stream of customers to the Stake platform.
Super Group Plans and Stake Position
The 2024 IPL season was the first after the announcement of GST on betting turnover, which led to a number of operators exiting the market. Super Group, which owns Betway and Spin, left India in response to these changes, but Stake decided to continue development in the country, seeing potential for growth even in the face of change.
Future plans
Stake.com continues to demonstrate its ambitious growth strategy, focusing on developing important markets such as India. With their successful investment in IPL and aggressive marketing strategy, they are poised for continued growth and success in the world of gambling.
