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© 2026 · brandcapitalworks.com
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▲ The product: the marketing system

The marketing system that builds what your company is worth.

Why it matters

I build you a working marketing system and hand it over running. It has five parts: a strategy, a route to market, the places that carry your message, a way of running the work, and a scoreboard that keeps the other four on track. Your team owns it when I leave.

Everything in the system moves the three things that decide what your company is worth:

  • The price you can hold when rivals discount
  • The customers who stay, and keep spending
  • The price the company fetches the day you sell
63 iGaming suppliers tracked · 84 companies on the boards · ~2.1× more value per dollar of sales, top quarter of brands vs bottom quarter
The process

Intel drives every decision.

Every project runs the same way. I combine live market intelligence, sharp analysis and 25+ years of iGaming experience. I turn that into specific actions and stay with them until the results show up.

Input 01

Market Intel

63 iGaming suppliers tracked. Their prices, their messages, their company deals and the new rules they face are logged as they happen.

Numbers are the easy part. We give you what it means, what comes next, and what to do.
Input 02

Brand Analysis

Your Brand Capital Score, a model of what your customers are worth, and a map of where you stand against rivals, all on one scale.

Input 03

Experience

25+ years inside iGaming as an operator, an executive and a strategist, through many markets and cycles. I spot patterns that no template can.

25+ years of experience · Deep roots in the industry
Output 01

Concrete Actions

Specific decisions in the right order, each with the money reason behind it: where you stand, which channels, what to charge, how to keep customers.

Output 02

Measurable KPIs

Every project ends on set measures: how far your Brand Capital Score moved, which way your sale value is heading, what each customer is worth over the years, and how well your prices hold.

How it grows on itself

Brand Capital makes your company worth more in three ways, and each one grows on itself.

Mechanism one

Pricing Power

When people prefer your brand, price matters less to them. They pay extra, and the ad platforms charge you less because you bring your own demand. The same strength holds prices on the supply side too. Kambi reported on 22 July 2026 that its own trading engine kept an 18% operator margin on more than €1bn of World Cup betting. The usual range is 11 to 14%. Hold a few extra points of margin for three years and the sale price jumps by more than you would guess. A buyer reads it as proof the profits will last.

Mechanism two

Customer Retention

When people prefer your brand, they stay without being paid to. Every extra customer you keep is worth more as time goes on. Michigan shows how big this is. Its online casino market took $3.1bn in 2025, up 29.5%. About 88% of it went to five national apps. Roughly ten local and tribal operators split the rest. They hold the player lists and the casino-floor relationships that those apps pay to reach. Now look at your own customers. Keep 90% of them for five years and the group brings in about twice the revenue that keeping 70% would, at a fraction of the cost of winning them back.

Mechanism three

Exit Premium

Buyers pay more for a business whose customers will stick around. What they are really buying is the reason the sales keep coming: a brand people choose, which does not vanish the day you cut the promo budget. Kambi’s July report shows the market saying so out loud. Adjusted profit (EBITA) more than doubled to €7.6m. Its full-year forecast rose to €23 to 27m. The shares gained 10% on the day, and its trading strength was named as the reason. The talk moves from a multiple of last year’s profit to the value of the asset itself.

The evidence

Buyers pay 45% more for each dollar of profit at top-rated brands that sell to other businesses.

That figure comes from Brand Finance. It published World’s Most Valuable B2B Brands 2026 with the ANA and the IAA, covering 300 brands and about $4tn of value. Brand makes up 11% of enterprise value, which is the price the whole company could sell for. Buyers pay 45% more for each dollar of profit at top-rated brands than at B-rated ones. Investors pay roughly a 65% premium for each dollar of expected future profit at strongly branded B2B businesses. If your company is private, the first number is the one that applies, because an acquirer pays on profit. Among the top 100, B2B brand value grew 15% over the year and B2C grew 10%. Brand Finance was the first brand valuation firm certified to ISO 10668 and ISO 20671, the international standards for valuing a brand.

The 84 companies on our boards give a second reading, taken a different way. Companies in the top quarter for brand strength are valued at about 2.1× the value per dollar of sales of those in the bottom quarter. That is the difference between selling your company for four times its sales and selling it for eight, on the same sales line.

The two numbers measure different things. The 65% premium is priced on profit. The 2.1× gap is priced on sales. They come from separate methods, and they point the same way. Two independent readings that agree are a stronger case than either one repeated louder.

This is the main reason to treat Brand Capital as an investment. It sits on your books and grows there. The gap in sale price is the payoff, and you can measure the path from a brand score to the final number at every step.

Third-party figures: Brand Finance / ANA / IAA, World's Most Valuable B2B Brands 2026. Roster spread: 84 companies tracked on these boards. Full methodology available on request as part of an engagement.

Brand and company value, B2B

BRAND FINANCE WITH THE ANA AND THE IAA · 2026
45%More paid for each dollar of profit at top-rated brands than at B-rated ones.
65%Premium paid for each dollar of expected future profit at strongly branded B2B businesses.
11%Of company value comes from the brand, across 300 brands and about $4tn.
World's Most Valuable B2B Brands 2026.
Brand Finance was the first firm certified compliant with ISO 10668 and ISO 20671.

Brand strength vs value per dollar of sales

SUPPORTING · ILLUSTRATIVE COMPOSITE
Shows the shape of the link the Brand Capital Score is built to price. It is priced on sales, so it reads on a different scale from the profit premium above.
Outside gaming

The method was built to travel.

What I measure is a gap: a company whose product is stronger than its standing in the market carries a discount it can close. That pattern has nothing to do with gaming. It shows up in a software platform whose engineering is ahead of its story, and in a marketplace that is busy inside and invisible from outside.

Which is the honest reason the evidence above works at all.

The exhibit · Zero gaming companies

The strongest number on this page was measured on software, semiconductors and cloud.

Brand Finance's World's Most Valuable B2B Brands 2026, published with the ANA and the IAA, covers 300 brands and about $4tn of brand value. Not one of them is a gaming company. The 65% premium and the 11% share of company value quoted above come from that group.

So the main proof that brand is an asset already comes from outside gaming. The three brands at the top show the range:

Microsoft$344.2bn · #1Enterprise software and cloud.
NVIDIA$184.3bn · #2Computer chips. Brand value up 110% in a year.
Amazon$139.2bn · #3Cloud computing and an online marketplace.

What carries over to other markets

  • The gap itself: a product that is stronger than the brand, and what that costs at the next renewal, funding round or sale.
  • The Brand Capital Score and the five drivers behind it. The drivers are commercial, so they read the same in fintech as in gaming.
  • The revenue formula and the lever calculator, which use your own numbers.
  • The 30-day diagnostic, the eight handover documents and the list of measures.
  • The accountability: the same person finds the problem, builds the fix, and answers for the result afterwards.

What stays inside gaming

  • The roster. 84 companies scored, 63 suppliers tracked, and the value gap worked out from them.
  • The rules read: market openings, tax changes, licensing rules and what each does to a sale price.
  • The network, and 25+ years of knowing who decides what.
  • The dated predictions on this market. A forecast record is only worth keeping where the person making it knows the ground.
  • In a non-gaming project the diagnostic runs one round longer, because the normal ranges for that sector have to be built from scratch. That is the honest cost of the move.
What you get

A marketing system your team owns, built around one position

The product is a marketing system: four layers plus the routine that keeps them running. It holds one position in the market and turns that position into revenue you can see at renewal.

Strategy
The positioning (what you stand for), the rules of your category, and what makes you different enough to stick
Operating
Who owns what, who decides, the calendar, and how work passes to product and sales
Execution
The places that carry your message: your shop window, the trade programme, affiliates and media, and the launch schedule
Measurement
The scorecard and the review routine that turn brand equity (how well known and trusted you are) into a number you can hold

Each layer earns its place by moving money. Positioning decides whether an operator puts you on the shortlist at all. Being different decides whether they can swap you for someone else once you are on it. Brand equity builds up when both hold, and a buyer pays a higher price for it. Revenue is the reading at the end of that chain, at your next renewal.

Four moves build it. Diagnose inside your data. Architect the system. Build and run it, with a budget and an owner on every part. Then Hand over: eight things your team can open on a Monday and use without me. I answer for the result, from the first day to the last.

The model behind the system

How the system gets measured.

Behind the system sits EVA, the model that sizes the gap and scores the movement. It produces a 0 to 100 Brand Capital Score for how well a company's brand and customers turn into what the business is worth. Five drivers are what it reads. Two of them are the assets themselves; three are how those assets show up in the numbers. Together they show where a company is building lasting value and where it is leaving money on the table.

The diagnostic output Where the value sits, and where it leaks
Today The gap = the value Reachable in 12–18 months

The gap is the value on the table. The bolder the rust, the more enterprise value the company has not captured yet.

Brand Equity44 → 78
Customer Value38 → 71
Pricing Power31 → 69
Commercial Strength62 → 76
Market Position70 → 82
0255075100

The gap is the finding. The widest bar is where the money is, and it is rarely the one a management team expects. Here the two assets are furthest behind while the commercial numbers look healthy, which is the pattern of a company selling well on a brand that is doing none of the work.

Illustrative profile, shape only. A real diagnostic scores each driver from its own evidence rule, and any driver without evidence is left empty and reported as a gap.

Two assets do the work. Three numbers show it to the market.
The assets
Brand EquityCustomer Value
drive
The numbers
Pricing PowerCommercial StrengthMarket Position
The two assets · what actually holds the value
01

Brand Equity

How many buyers know you, when prompted and when not. How sharp your positioning is. How far ahead of, or behind, your closest rival you sit.

Read from how many people know you when prompted and when not, how often people search for you, and who they say they prefer.

02

Customer Value

What a customer is worth against what they cost to win. How many of each year's joiners are still with you. Whether the next one is getting cheaper or dearer to win.

Read from how many of each year’s new customers stay, how often they come back, and what a customer is worth over their life.

How the assets show up in the numbers · what the market can measure
03

Pricing Power

Where your average price sits against the category, and which way it is moving. How much of your volume leans on promotions to hold up.

Read from published prices, how deep and how often you discount, and how much you rely on promotions.

04

Commercial Strength

How reliably the revenue shows up and which way the profit margin is heading. How fast deals move, and whether more or fewer leads are turning into customers. How much cash the business throws off.

Read from growth rate, margin direction, the cash the business throws off, and how many leads become customers.

05

Market Position

How different you actually are, and whether you own a space rivals left open. How hard your product is to copy and how costly it is for a customer to leave. How many markets you are licensed in.

Read from the markets you are licensed in, your share where you operate, and how hard the product is to copy.

How it is scored

Each driver is read from signals you can observe, scored 0 to 100 against best-in-class. Suppliers and operators sit on separate boards (the same five drivers on each, weighted differently), because what proves lasting value differs on each side of the market. Every driver carries its own evidence rule, shown beneath it, so each one is scored from a different kind of proof and a strong overall impression cannot carry the whole card. A driver with no evidence behind it is left empty and reported as a gap. Scored from verified filings and market signals. The weights and the full method stay inside the model.

Work together

Put the system to work on your business.

Every project starts with a diagnostic, a free first check: where your brand capital stands today, where it should be, and what the gap costs you in sale price. From there, the work is specific and done in order.

More about me →