Spartans operates in direct competition with established gaming operators bet365 and Stake in the online gaming market. Turkish-British entrepreneur & founder Gurhan Kiziloz has positioned the platform to compete against these established operators.
Kiziloz committed $200 million to Spartans.com operations, funding the platform’s entry into global gaming markets dominated by bet365 and Stake. The capital came from his accumulated wealth through Nexus International, the parent company that also operates Megaposta and Lanistar.
The online casino sector was valued at $19.11 billion in 2024. Industry research projects the market will expand to $38 billion by 2030, creating space for multiple operators to capture revenue growth.
Stake has built its position through cryptocurrency integration, appealing to users comfortable with digital wallets and blockchain transactions. Spartans.com offers cryptocurrency options while maintaining traditional payment methods, potentially accessing broader user demographics.
bet365 operates with established brand recognition across multiple jurisdictions and decades of market presence. Spartans.com enters these markets as a newer platform without a comparable brand history, competing through platform features and user experience.
Kiziloz maintains 100% ownership of Nexus International, enabling decision-making without investor approval or board oversight. This structure allows rapid responses to competitive dynamics in markets where bet365 and Stake operate.
Spartans.com contributed to Nexus International achieving $1.2 billion in annual revenue for 2025. The platform’s performance demonstrates the capacity to generate revenue despite competition from larger, established operators.
The market expansion from $19.11 billion to $38 billion represents a near-doubling over six years. This growth rate creates conditions where new platforms can capture revenue without requiring the displacement of existing operators’ user bases.
Spartans.com operates across multiple licensed jurisdictions, competing with bet365 and Stake in regulated markets. Regulatory frameworks vary by jurisdiction, affecting competitive dynamics and operational requirements for all platforms.
The $200 million investment supports Spartans.com operations without external financing. Kiziloz funds the platform through Nexus International’s retained earnings, avoiding the investor relationships that characterize many competing gaming companies.
Spartans.com drove the majority of Nexus International’s $1.2 billion revenue in 2025, demonstrating the platform’s competitive effectiveness in markets where bet365 and Stake have established presence.
The platform operates with capital allocated from Kiziloz’s accumulated wealth rather than external investment rounds. This self-funding model differentiates Spartans.com from venture-backed gaming platforms requiring successive capital raises.
