Latest News
ITL secure new UK partners to supply CashGenic: The hygienic cash automation kit
Innovative Technology, cash handling and validation experts, have partnered with several suppliers in the UK to distribute their latest product aimed at making cash payments safer and more hygienic. CashGenic was launched during the height of the COVID pandemic as a solution for those customers wanting to pay by cash safely during a time when coins and banknotes were being unjustly portrayed as high risk in terms of transmission.
Tony Morrison, ITL Group Sales Director, commented, âWhilst the World Health Organisation and other institutions found no evidence to confirm that COVID-19 can be transmitted through coins or banknotes, many retailers were strongly advising other forms of payment at the start of the crisis. We responded quickly as it is important to us to ensure that we give our customers payment choice. CashGenic technology makes cash transactions safer and more hygienic, eliminating the need for staff to handle cash while enabling social distancing during cash transactions. In addition to offering more hygienic cash payments, staff no longer need to count cash as the machine automatically does this, therefore saving time and generating greater efficiencies for the business. Another key benefit of CashGenic is that it also helps organsations eliminate shrinkage and accounting errors as cash handling is automated.â
âFollowing its launch back in May, we are pleased to announce that we have already teamed up with CC Dynamic, Maggi Electronic and Tag Retail to supply our Hygienic Cash Automation Kit to the UK. The technology has been developed by us and the complete system solution can now be supplied by CC Dynamic branded as ÂŁXCHEKKA and CashConnect from Tag Retail. CC Dynamic are working with Maggi Electronics, our UK Trading Partner, who will manage the installations.â
Tony continued, âOur first installation was completed in partnership with CC Dynamic at a local fish and chip shop, The Top Chippy in Manchester. The owners are delighted with the results as it has removed the need for staff to manage cash and is allowing them to follow social distancing advice. Â We have also installed CashGenic in more food take away establishments and cash and carry wholesalers in the North West of England.
The solution is a compact, all-in-one counter-top device ensuring easy customer access, with pay-in and pay-out managed by staff via a mobile tablet device. It makes cash transactions safer in a single affordable kit, has a small footprint and is easy to set up with no software integration.
Concluding Tony said, âIt is important that we give consumers choice and allow them to pay by cash safely, especially in these COVID times. This new development will allow customers to have that choice. We are delighted with the take up so far in the North West of England and look forward to many more installations both in the UK and Europe over the coming months.â
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Meridianbet Foundation (GMGI) Marks Five Years of Successful Global Scholarship Program
For the fifth consecutive year, the Meridianbet Foundation is proud to recognize and reward exceptional academic talent through its scholarship program. This program now reaches students across all markets where Meridianbet operates, supporting their academic journey and professional aspirations with meaningful financial awards and industry exposure.
Meridianbet, founded in 2001 and now part of Golden Matrix Group (NASDAQ: GMGI), has grown into a global leader in online sports betting and gaming. Operating in 17 jurisdictions across Europe, Africa, and South America, Meridianbet leverages proprietary technology and a scalable, omni-channel approach across retail, desktop, and mobile platforms. This commitment to innovation and accessibility extends beyond gaming, driving Meridianbet’s support for initiatives like the scholarship program, which fosters talent and empowers communities across all markets it serves.
Empowering Tomorrowâs Leaders
These scholarships are more than financial assistanceâthey represent the companyâs commitment to empowering young people with the skills, knowledge, and experiences necessary for success. For our awardees, the Meridianbet Foundation Scholarship is a launchpad for both academic and career development, fostering a strong foundation for their futures. Awardees have consistently shared how this support motivates them to excel further and make a positive impact in their communities.
Promoting Civic Engagement and Sustainability
The Meridianbet Foundation believes in fostering a well-rounded educational experience that extends beyond academic excellence. Our scholarship recipients are not only top students but also active participants in civic and sustainability projects. Many have contributed to initiatives in recycling, public space maintenance, and environmental stewardship, setting an example for responsible community involvement.
Bridging the Gap Between Academia and Business
As a tech-driven company, Meridianbet recognizes the evolving skill gaps between traditional education and the demands of the contemporary business. To help close this gap, the Meridianbet Foundation actively support scholars in building practical skills across key fields, such as marketing, game design, artificial intelligence, investor relations, regulatory compliance, and human resources.
By connecting students directly with hands-on experiences in the fast-paced tech industry, the company offers them a competitive edge as they begin their professional journeys. This unique opportunity allows scholars to apply their academic knowledge in a real-world setting and acquire globally relevant expertise.
A Lasting Commitment to Academic Excellence
The Meridianbet Foundationâs dedication to fostering educational growth and professional development remains stronger than ever. By investing in the potential of exceptional students, Meridianbet continues to build a future workforce that is not only skilled but also socially conscious. The company looks forward to seeing how these remarkable individuals use this opportunity to excel, innovate, and contribute to their communities.
Latest News
Major affiliate QiH Group reports impressive Q4 and FY 2024 financial results
QiH Group, a prominent iGaming affiliate, has announced its financial results for Q4 2024, the three-month period ending 30 September. The results showcase robust performance and ambitious growth in a rapidly evolving, highly regulated and increasingly competitive online market.
Key Q4 Highlights
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Revenue: ÂŁ6.33m, a 73% increase from Q4 2023
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EBITDA: ÂŁ1.43m, a 90% increase from Q4 2023
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FTDs: 49% increase from Q4 2023
Key FY24 Highlights
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Revenue: ÂŁ20.57m, a 59% increase year-on-year
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EBITDA: ÂŁ4.85m, a 59% increase year-on-year
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FTDs: 43% increase year-on-year
CEO Comments
âWe are thrilled to report strong quarterly results that underscore our commitment to innovation and customer satisfaction in the iGaming space,â said Jamie Walters, CEO and co-founder of QiH Group. âStrategic enhancements to our in-house tech, growing the business rapidly and appointing the absolute best people to our C-level team has clearly paid off.â
Operational Highlights
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Strengthened C-suite leadership team with the hire of leading CTO Sachin Saxena
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Expanded into a new sports vertical through the successful launch of Podium Bets, with sports betting expected to deliver up to 15% of full-year revenue activity in 2025
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Average headcount growth of 16% for Q4 2024 and 15% for FY 2024, leading to a significant expansion of the London office
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Entered strategic partnerships with 120 partners, delivering our trusted high quality traffic experience as further evidence of our successful internal strategy
Post-period Outlook
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Finalised C-suite leadership team with the hire of leading CFO Simon Winder
âAs we head into the next trading year, QiH Group looks primed to go from strength-to-strength. Our C-level team is now complete and we have been able to attract some really impressive individuals to our most important senior positions, as proven by our recent hires. Our focus on compliant methods, data-driven results and responsible marketing will enable us to continue delivering value to our partners, clients and customers for the long term,â said Walters.
Latest News
BETBAZAR strengthens product line-up with GR8 Tech partnership
Industry-leading B2B iGaming marketplace unveils collaboration with the high-performance sportsbook and iGaming platform provider to supply even more solutions to clients
Betbazar â the innovative technology company behind the worldâs leading B2B iGaming marketplace â has this month revealed details of a recent partnership with GR8 Tech that will enable it to provide an impressive array of sportsbook solutions to customers.
With GR8 Tech being one of the industryâs most forward-thinking providers of sportsbook and iGaming platform software, the collaboration means all BETBAZAR clients will be able to choose from a wide range of products aimed at providing a more immersive online experience to players.
While GR8 Techâs award-winning sportsbook platform, MTS (managed trading services), and streamlined iFrame will all be available via the BETBAZAR marketplace, the star of the show from an operatorâs perspective will certainly be the companyâs critically acclaimed sportsbook data feed.
GR8 Tech developed this innovative solution to empower iGaming companies to supply an enhanced sportsbook experience to their customers. The GR8 Feed delivers real-time odds, scores, and statistics on approximately 100,000 events from the industryâs most trusted providers.
Covering everything from esports to American football, the feed itself is seamlessly integrated through an API and can harness the power of artificial intelligence to deliver live alerts and a dashboard that breathes life into customersâ statistics. All of this is backed up by bulletproof security features and a dedicated support team thatâs available 24/7, 365 days a year.
Given the data feedâs scope to improve clientsâ revenue streams and the myriad benefits offered by all of the other GR8 Tech solutions, the partnership will further establish BETBAZARâs marketplace as the go-to destination for customers’ iGaming needs. Both parties are already looking forward to the numerous opportunities the collaboration should bring.
Alex Iaroshenko, Chief Executive Officer at BETBAZAR, said: âIt goes without saying that if you want to be the iGaming industryâs leading B2B marketplace, you have to be able to offer the best products available â and in GR8 Techâs innovative range of sportsbook solutions, we believe weâve found a selection of services that will empower operators to offer a best-in-class user experience.
âCovering everything from sportsbook platforms, managed trading services, and the companyâs celebrated data feed, the GR8 Tech products available in our marketplace will ensure we remain at the forefront of innovation while also offering a comprehensive range of options to customers.â
Oleksandr Feshchenko, Deputy CEO & CRO at GR8 Tech, said: âAt GR8 Tech, we really believe in the quality of our products and their potential to help operators stand out and maximise their revenue streams â so the next step is obviously to ensure theyâre seen by as many customers as possible.
âBy partnering with BETBAZAR and making our solutions available via their industry-leading B2B worldwide marketplace, weâll be able to guarantee that even more prospective clients will have access to the services we offer. This will in turn allow us to empower even more operators to provide an enhanced experience to their end users.â
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