‘Year of Exceptional Growth’ sees Smarkets amongst best of UK tech

‘Year of Exceptional Growth’ sees Smarkets amongst best of UK tech

Tuesday, November 22, 2016
Betting exchange makes the Deloitte Fast 50 list

Approaching the final month 2016 Jason Trost, founder & CEO of betting exchange Smarkets has praised the work and progress of his firm’s development and technology teams in what he has described as a year of ‘exceptional growth’.

Having posted a 429% operating profit raise in its 2015 full-year disclosure, Smarkets is the only industry incumbent to have featured in the 2016 ‘Deloitte Fast 50’ UK tech & innovation index

International auditor and management consultancy firm Deloitte recognised Smarkets fast growth and corporate focus on in-house development rewarding the young company with fourth place in its technology index.

Speaking to TotallyGaming.com, Trost stated on Smarkets 2016 achievements: “It’s fantastic to be recognised by Deloitte and place so high on the Fast 50 list. Smarkets really took off in 2015 and growth has been exceptional again this year.”

Founded in 2008, the young firm’s Fast 50 inclusion follows the company’s fifth-placed ranking in The Sunday Times’ annual Tech Track 100 list in September and being shortlisted for the ‘Amazon 2016 Growing Business Awards’.

A pleased Trost now looks forward to 2017, where his firm will seek to further compete within the saturated UK betting market. Smarkets management confirmed to Totally Gaming that the firm would look to undertake a significant increase in headcount, bolstering its development and operations teams, and support its product growth with amplified marketing.

Totally Gaming says: Smarkets has certainly carved its own niche and the growth has now been recognised by a series of different enterprise awards and no wonder with revenues rising 1568% in 2015. The challenge for Trost and his team now is to continue that rate of growth, or improve on it. 

Latest

Sportito partners with SafeCharge to improve payment processing

£20m on the French election and counting - The final run in

Better Collective takes SmartBets into tech savvy Denmark

Spectrum Gaming and Gaming Economics Form Strategic Alliance

Spectrum Gaming and Gaming Economics Form Strategic Alliance

£20m on the French election and counting - The final run in

Sportito partners with SafeCharge to improve payment processing

Better Collective takes SmartBets into tech savvy Denmark

Latest poll

Is the current bonus structure to blame for the gambling industry losing trust?

A recent Gambling Commission survey has noted a plummet in consumer confidence in the gambling industry. What do you think is the biggest cause behind this?

Confusing sign-up bonus conditions
49% (55 votes)
Over saturation of gambling advertising on TV
19% (21 votes)
FOBTs and the campaign against them
16% (18 votes)
Perceived association with crime
10% (11 votes)
The incidence of problem gambling
5% (6 votes)
Clustering of gambling establishments
2% (2 votes)
Total votes: 113

Gaming Products & Services Directory

The essential directory for the gaming industry