Why Are Casino Sponsorships Of Football Clubs Increasing?
Football clubs are synonymous with sponsorships. The world’s elite football clubs operate with huge yearly budgets that are only met if they make lucrative deals with sponsors. What better way to achieve that than partnering with other equally lucrative businesses? In the years past, the casino industry has seen tremendous improvements in terms of revenue generation. According to https://top-canadiancasino.com/5-deposit-casinos-canada/, it is valued at hundreds of billions of dollars, making players in the industry the most sought-after sponsors by football clubs.
Some of the biggest soccer clubs that casinos have sponsored at a given time include but are not limited to:
West Ham United
What happens when you combine two of the highest top earners in the entertainment sector? Well, there will be numerous benefits on both sides. Sponsorship deals between casinos and football clubs are a perfect example of a symbiotic relationship; both parties are bound to reap big. This editorial will answer why casino sponsorships of football clubs are increasing. So, are you interested in finding out why your favourite football team decided to partner with a casino? Stay with me.
An Effective Marketing Strategy
Marketing is essential for any business to thrive, and casinos aren’t exempted from this cardinal rule. They are constantly devising new marketing strategies to maximise profits and help them stay afloat. One of the major methods they are currently using is financing football clubs, as they have a wide global following. A case in point is the English Premier League, which has over 4 billion people worldwide watching. Footing the bill for any club playing in that league may bring in a lot of brand awareness, increasing the chances of getting maximum profits. For instance, the Kenyan firm Sportpesa signed a shirt deal of 10 million pounds a year in 2017. In the ensuing years, the company made a killing in revenue generation to become among the top-earning online casinos in Africa.