The corporate agreement between FSB and the Business-to-Business Tech Service Provider is now complete
Following the decision to end its white label business, the global sports betting and i-gaming supplier, FSB, has completed their total transformation into a business-to-business exclusively technology services provider as of Wednesday, June 8th, 2022.
After purchasing a multi-million dollar developmental growth venture from the private equity firm Clairvest back in 2019, FSB created a three-year blueprint to advance their business into a complete end-to-end business-to-business software source selling their excellent business model.
Just after Jennings-Bet, the top independent bookmaker in the UK, became the last customer to leave FSB's licenced B2C white label company, a corporate arrangement was established.
With their market entry achieved in the United States of America in coordination with several partnerships produced in the recently regulated province of Ontario, Canada, and a major Tier - 1 WLA connection in Europe through the Hungarian National Lottery backed SZRT of Slovakia, the award-winning tech software provider is experiencing a period of significant rapid growth.
"A new era for us at FSB truly begins with the culmination of our three-year journey to become a pure B2B gaming technology and services provider." Dave McDowell, the FSB's chief executive officer, expressed.
Since we received a significant investment from Clairvest in 2019, our end goal has been to undergo this transformation. Over the past few years, we have worked closely with our white label partners to help them secure independent banking facilities, successfully obtain their own remote operating licences, and eventually transition to taking on their own regulatory responsibilities.
Our award-winning omnichannel sportsbook and other platform technology products have been the backbone of our growth over the past 18 months, and we now look forward to expanding these reliable services across regulated markets in numerous global regions in the months and years to come," McDowell adds.