Business

“KyleCoversSpreads” Is Arguably the Hottest Bet in Sports Right Now

Published

5 years ago

September 5, 2020

You may not yet have heard of KyleCoversSpreads, but this Las Vegas based entrepreneur and professional gambler is creating waves in the world of sports betting. Before becoming a full-time sports consultant and the #1 Sports Handicapper in the world, KyleCoversSpreads was an architect with a passion for sports. Kyle has played sports growing up and always followed the pro leagues very closely. When KyleCoversSpreads realized that he not only had a very lucrative track record of success in the ultracompetitive world of sports betting industry, but that he also had the possibility to create his dream business by analysing professional sports in depth, Kyle went all in. In other words, KyleCoversSpreads lives and breathes pro sports. This experience and passion in combination with his natural ability to analyse pro sports has paved the path to him promoting one of the most successful handicapping services available to the public. Since then his business has only gotten bigger and Kyle will never look back.

The word around KyleCoversSpreads has blown past Vegas and Kyle now has a growing userbase of 5000 active VIP members with over 15,000 clients who have used his service in the last 2 years. KyleCoversSpreads ridiculous win rate and very competitive pricing is making an impact on the sports betting scene and gives him the potential to be a figure who can reshape the industry. KyleCoversSpreads picks are the highest quality available and come at a reasonable price, especially when compared to most of his other competitors. Kyle also has a history of bringing in big payouts. KyleCoversSpreads biggest win was a whopping $25,000. His clients also have brought in many massive payouts. The biggest payout Kyle knows about that one of his clients received was an $18,000 win on a 3-team parley that he had featured in one of his packages. For those interested in KyleCoversSpreads cutting-edge services, he has packages that range from $129 to $1299 depending on the sport and the duration of the package. Do not miss out on this opportunity to bet on sports like a pro!

Connect with KyleCoversSpreads by following him on Instagram at @KyleCoversSpreads and checkout his packages available on kylecovers.com; it’s time to cash in with Kyle!

Business

Black Banx Group — Third Quarter 2025 Results

Published

2 days ago

November 3, 2025

Matthew Wiles

FOR IMMEDIATE RELEASE · Road Town, British Virgin Islands · October 30 2025

Black Banx reports USD 4.3 billion revenue and USD 1.6 billion pre-tax profit in third quarter 2025

Black Banx Group today announced its results for the third quarter ended 30 September 2025, delivering strong performance with further progress toward its full-year targets.

Key figures for Q3 2025:

Revenue: USD 4.3 billion
Profit before tax (PBT): USD 1.6 billion
Cost-to-income ratio: ≈ 62%
Customer base (period-end): ~92 million clients

YTD (first nine months) results: Revenue USD 12.7 billion, PBT USD 4.7 billion, positioning the Group on track toward its full-year ambitions of ~USD 17 billion revenue and ~USD 6.4 billion PBT.

“Our Q3 results reaffirm the scalability and resilience of our platform,” said Michael Gastauer, Group CEO. “By continuing to scale our client base, deepen engagement, and drive operational efficiencies, we maintain momentum toward our 100 million-customer milestone and full-year ambitions.”

Daniel Dumitrascu, Group CFO, added: “We are pleased to demonstrate sequential improvement in our cost/income ratio despite ongoing investment in growth markets. With the first nine months delivered, our Q4 plan is well calibrated to close the year strongly.”

Business highlights:

Net customer adds of approximately 8 million during Q3, bringing the total client count to ~92 million as of 30 September 2025. On pace for the 100 million-customer target by year-end.
Continued growth across emerging markets, driven by expansion efforts in Africa, South Asia and Latin America.
Strong transaction volumes across cross-border payments and cryptocurrency-adjacent services, contributing to top-line resilience.
Ongoing initiatives to optimise operations and automate processes delivered a sequential improvement in cost/income ratio to ~62% from ~64% in Q2.
Strategic investments sustained in growth markets while preserving profitability and shareholder value.

Outlook:

With three quarters behind it, Black Banx remains aligned with its 2025 full-year targets of approximately USD 17 billion in revenue and ~USD 6.4 billion in pre-tax profit. The company anticipates a seasonally stronger Q4 performance, underpinned by ongoing global client acquisition and further monetisation of its platform.

About Black Banx Group:

Black Banx Group is a global digital banking and fintech platform serving tens of millions of private and business clients across more than 180 countries. The Group offers seamless, borderless banking services, including multi-currency accounts, cross-border payments and cryptocurrency-compatible solutions. Headquartered in the British Virgin Islands, Black Banx is dedicated to innovation, financial inclusion and delivering value to its stakeholders.

Media Contact:

Black Banx Media Relations
Email: [email protected]

Forward-looking statements: This press release contains forward-looking statements that involve risks and uncertainties, including statements regarding the Group’s business strategy, financial prospects, targets and trajectory. Actual results may differ materially from those anticipated.