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EveryMatrix continues strong revenue growth recording all-time high profit margin 

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EveryMatrix has underlined its credentials as the fastest growing iGaming technology supplier while hitting its highest ever quarterly profit margin.  

Revealing Q2 2024 results, the global tier-1 software provider set a record high quarterly net revenue of €42.4 million across all products, up 57% Year-on-Year (YoY), while simultaneously setting an all-time high profit margin of 59%. This is the fifth consecutive quarter where both growth and profit margin have exceeded 50%.

Q2 2024 EBITDA rose to €25.1m from €22.3m in Q1, up 67% YoY.

The bumper quarter was driven by significant customer launches, positive sports trading margins and continued growth in its core business units of casino and sportsbook. It comes just six months after EveryMatrix registered the strongest annual financial results in its history.

BUILDING ON A RECORD 12 MONTHS

The 1,000-employee strong business, that significantly bolstered its turnkey sportsbook offering with the acquisition of FSB Technology earlier this month, has experienced accelerated growth for the last six quarters with consistently strong growth across its core products of casino, sports and platform.

The FSB acquisition will further bolster OddsMatrix, EveryMatrix’s tier-1 sportsbook platform and odds feeds division, generating immediate additional revenues, cross-company synergies and establish a presence in the UK, Ireland and Africa where FSB has developed a strong market share.

Q2 2024 Gross Gaming Revenue (GGR) performance for operator partners within the Casino segment generated an eleventh consecutive record quarterly performance of €658m, up 53% YoY with GGR for the last 12 months at €2.3 billion, a 69% YoY increase.

Quarterly casino net revenue rose to €21.9m, up 73% YoY while EBITDA reached €14.7m reflecting a 93% YoY increase. The SlotMatrix aggregation product introduced a total of 1,047 unique game titles and integrated six new vendors bringing the total to 163.

OddsMatrix quarterly sportsbook turnover rose 48% YoY to €1.2bn and €4.6bn for the last 12 months reflecting a 56% YoY increase, while GGR was up 67% YoY to €95m. Net revenue for Q2 2024 reached €11.3m, up 44% YoY, while EBITDA hit €7.2m, reflecting a 65% increase.

OddsMatrix reached a record 176k live events in a single month and a total of 500k during the quarter, up 16% YoY driven by the addition of premium content, table tennis and new esports events. The average monthly number of bets placed reached 36.5m.

Platform saw second quarter net revenue rise 35% YoY to €7.8m, with EBITDA at €3.4m, up 26% YoY. The EveryMatrix Player Account Management (PAM) system beat the previous quarter with a new record 255 thousand bets per minute at peak times. The total amount of successful payment transactions reached €3.8bn, an 80% YoY increase.

The Affiliate Platform division, including PartnerMatrix and the newly rebranded PartnerMatrix Intelligence, saw net revenue reach €1.4m during the quarter, up 66% YoY. EBITDA decreased -€0.15m due to continued product and commercial investment. The newly merged business unit signed a very strong 26 new customers during the quarter.

Ebbe Groes, Group CEO of EveryMatrix, said: “It’s difficult to know what to say when our results just keep getting better and better! 

“What is evident is that it’s been our best ever period of sustained growth and that the EveryMatrix effect is benefiting not just the business, but also crucially our customers, ensuring they continue to break their own records month after month. 

“The acquisition of FSB Technology and the strengthening of PartnerMatrix with PartnerMatrix Intelligence to create the most powerful affiliate platform proposition available are just two great examples of how we’re continuing to build on our success and grow our customers even more. We have enormous momentum, and I can’t wait to see what happens next.” 

Q2 2024 HIGHLIGHTS

  • Acquisition of FSB Technology, a full turnkey and specialist sportsbook technology provider with strong presence in the UK & Ireland and Africa
  • PartnerMatrix Intelligence (formerly DeepCI) rebrand to create an all-in-one affiliate management and data tracking powerhouse under PartnerMatrix
  • First US casino content aggregation partner – Live with Supremeland Gaming, Inc on DraftKings via SlotMatrix in New Jersey
  • Named Casino Software Supplier and Aggregator platform at EGR Awards; SlotMatrix named Aggregator of the Year at CasinoBeats Developer Awards
  • Mihnea Dobre promoted to Group Chief Technology Officer
  • CasinoEngine surpasses 6 billion monthly game rounds mark and €6 billion monthly turnover
  • OddsMatrix reached a record 176k live events in a single month

 

Read the full Q2 2024 Update on EveryMatrix.com

The post EveryMatrix continues strong revenue growth recording all-time high profit margin  appeared first on European Gaming Industry News.

George Miller (Gyorgy Molnar) started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

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TaDa Gaming Releases 10 Sparkling Crown

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Leading content provider, TaDa Gaming, is offering palatial style play in new slot release 10 Sparkling Crown. A randomly triggered Jackpot Poker game puts serious dazzle power in players’ hands with special win multipliers applied to the four individual jackpots.

With Expanding Wilds and solid gold Scatters giving multipliers up to 100x the bet, the five reels, three rows and 10 fixed paylines game offers royal win potential with 10,000x max.

Wild Crowns appear on reels two, three and four only and will vertically expand to cover the reel when they hit a prize, turning all positions wild. Gold dollar sign Scatters can appear on all reels. Three, four or five scatters will award multipliers of 5x, 20x or 100x the bet, respectively.

With a fruit salad of symbols alongside Lucky 7s and Golden Bells rolling down the reels and a soundtrack worthy of royalty, the wins can come thick and fast in this mid volatility game.

The randomly triggered bonus Jackpot Poker game injects another layer of excitement into 10 Sparkling Crown. The Club jackpot is equal to 5x the bet; Diamonds gives 20x; Hearts, 50x and the Spades can deliver a game-changing 1000x the bet value. The four suits sit in order at the top of the screen, each showing a jackpot value which could be a whopping €200,000 for Spades.

The bonus game can trigger once a round has completed and all wins collected. Players will see 15 face down cards appear on the screen: select cards by clicking until three matching card suits from Clubs, Diamonds, Hearts or Spades have been revealed which will trigger the corresponding jackpot.

To further ramp up gameplay, there are potentially two types of special cards in the selection that will impact the win value: the Club Deleting Card and the Multiplier Card.

The card showing a Club with a strikethrough image is the Club Deleting Card which removes all the low value Clubs. The Multiplier card brings 2x or 5x the win value and, if both cards appear in the same selection, then the multiplier values are multiplied so the win is then uplifted by 10x.

When three matching card suits are revealed, the corresponding Jackpot Poker Game value is awarded. However, if players take more than five seconds to choose from the face down cards, these will randomly flip themselves over through auto selection.

With a wide betting range from 0.02 to 200 local currency to appeal to all player styles; and turbo play for those who love speed, 10 Sparkling Crown is a beautiful game that delivers big win potential in an easy to play slot with benefits.

Sean Liu, Director of Product Management at TaDa Gaming, said: “10 Sparkling Crown mixes different bonus games and features in a classic fruit slot. This is both enduringly popular with players and a TaDa signature, adding value to TaDa’s exciting and diverse portfolio.”

The post TaDa Gaming Releases 10 Sparkling Crown appeared first on European Gaming Industry News.

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REEVO Enters into Strategic Partnership with Lebull.pt

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REEVO has entered into a strategic partnership with Lebull.pt, one of the fastest-growing casino and sports betting operators in the Portuguese regulated market. This collaboration underscores REEVO’s commitment to delivering cutting-edge, immersive gaming experiences to players worldwide, reinforcing its position as an industry innovator.

Launched in mid-2023, Lebull.pt has rapidly carved a name for itself in Portugal’s competitive online gambling space, earning recognition for its dedication to quality and innovation. With a strong emphasis on providing top-tier entertainment, Lebull.pt continuously seeks to elevate its platform by integrating best-in-class gaming content.

Through this strategic alliance, Lebull.pt players will now have access to REEVO’s exceptional portfolio of casino games via our aggregation platform, renowned for their engaging gameplay, superior graphics and innovative mechanics. The partnership will ensure that Portuguese players can experience a diverse range of high-quality titles tailored to enhance their gaming experience.

Tiago Pereira, Country Manager of Lebull.pt, said: “LeBull.pt has been committed to delivering a world-class gaming experience to our players since day one, and our partnership with REEVO marks an exciting step in that direction. REEVO’s innovative and high-quality casino games align perfectly with our vision of providing a top-tier casino experience. This collaboration will enhance our platform with engaging and immersive content, ensuring our players always have access to the best gaming in the Portuguese regulated market.”

Karl Grech, Head of Business Development at REEVO, said: “At REEVO, we are always looking to collaborate with forward-thinking operators that share our passion for innovation and excellence. Partnering with Lebull.pt, a rising star in the Portuguese market, allows us to bring our cutting-edge content to an even wider audience. We are excited to work together to provide players with an unparalleled gaming experience, ensuring they enjoy the very best that online casino entertainment has to offer.”

The post REEVO Enters into Strategic Partnership with Lebull.pt appeared first on European Gaming Industry News.

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QTech Games bolsters its emerging markets platform with PG Soft

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Leading distributor for emerging markets consolidates its pre-eminent offering with content from another established star in video slots and table games

QTech Games, the leading game aggregator for all emerging markets, has penned its latest provider partnership with PG Soft (Pocket Games Soft), enabling its platform customers to access this revered supplier’s multi-faceted catalogue which spans video slots and table games.

PG Soft, an emerging force in the igaming domain, draws from a deep well of slot games, including popular titles such as Wild Bandito, Candy Burst and Medusa. These hits often feature fresh twists on classic game themes, coupled with a mix of engaging cascades and reel layouts, packed with bonus games, multipliers, Turbo and Autoplay features. Accordingly, this progressive gaming suite now forms part of a wider market-leading portfolio made available by QTech Games to its clients.

By deploying the state-of-the-art technology from traditional tables to creative 3D video slots, PG Soft games are fully optimised for mobile as well as desktop to ensure the best gaming experience for all types of players. With a global-market approach, these games cater for every taste, from the more conventional Vegas-style to modern casual themes. Their well-balanced gameplay mechanics, varied volatility and maths models are already attracting new cohorts of players across the planet.

Founded and based in Valletta in 2015, PG Soft has subsequently broadened its international influence with offices in Riga and London. And this new agreement organically broadens PG Soft’s geographic footprint even further, targeting emerging markets from Asia and Eastern Europe to Latin America, and creating new revenue streams. As the fastest-growing distributor in Asia over the past few years, QTech’s platform offers the most expansive gaming portfolio around, localised for each region, with native mobile apps, powerful reporting and marketing tools, and 24/7 local-language support.

QTech Games’ CEO, Philip Doftvik, said: “It’s another ringing endorsement for our platform to have integrated more premium content from PG Soft. Theirs is a constantly growing and innovating library, delivering consistent support to the growth of our broad gaming-vertical spread, courtesy of some high-quality graphics, gameplay and unique features.

“PG Soft are a creative and fast-growing igaming content provider, fusing a passion for gaming with extensive expertise in the industry. Together, we will continue to raise the bar and shape a localised experience for global players. We can’t wait to witness how these games perform across a range of untapped markets which, in many cases, represent new territory for PG Soft.”

A PG Soft spokesperson added: “QTech Games is a hotbed for superior online casino games and player-engagement tools, so we were keen to put our shoulders to their impressive distributional wheel. As we look to expand across developing regions, their market-leading platform provides a flexible gateway to some previously overlooked territories.

“PG Soft is purposefully comprised of next-generation innovators who are enthusiastic and driven to continuously create breakthrough titles which resonate with modern audiences. As such, we will always strive to deliver the best gaming experience in a safe and responsible manner.

“PG Soft continues to create top-tier slot games with well-balanced gameplay and unique features, framed by engaging visuals and immersive soundscapes. Needless to say, entering into this QTech agreement tracks our core strategy to fully leverage our reach, and we look forward to seeing how new players embrace our games.”

The post QTech Games bolsters its emerging markets platform with PG Soft appeared first on European Gaming Industry News.

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