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Revolutionising cash payments with CashGenic

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Revolutionising cash payments with CashGenic
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CashGenic, the cash automation solution from Innovative Technology, was launched in May 2020 as an affordable solution for those customers wanting to pay by cash safely and hygienically and to enable businesses to adhere to social distancing measures. 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 with no software integration required.

Commenting on the first UK CashGenic success story, Andy Bullock, Senior Business Development Manager said, “Our first installation was completed in partnership with our UK supplier CC Dynamic (branded as £XCHEKKA) and installed by Maggi Electronics at a local fish and chip shop, The Top Chippy in Manchester, North West England. The owners are delighted with the results as it has removed the need for staff to manage cash, allowing them to use their time more efficiency. Helping them to follow social distancing advice is another positive effect.” Chris Woodall, Managing Director of CC Dynamic said, “The Top Chippy are really pleased with the unit especially as staff do not need to keep changing gloves or washing hands when taking cash. They are also seeing an uptake in cash takings which is great news! We are now an approved strategic supplier for the National Federation of Fish Friers, so will be collaborating with them to introduce £XCHEKKAinto more outlets up and down the country.”

In the first Spanish install toy shop staff are saving 30 minutes a day counting cash by using Cashgenic.

Antonio Rodriguez, Business Development Manager for ITL Spain said, “Our first Spanish install was at EurekaKids in Barcelona. The toy shop is utilising CashGenic to eliminate the need for staff to handle cash and was installed at the beginning of July.   The shop is finding a number of benefits, but the key advantage is the significant reduction in time counting cash, saving them around half an hour a day. Also, they have seen a big reduction in the number of times they have to go to the bank for change per week.”

Mireia Cairó,manager & owner of the toy shop commented, “Not only is CashGenic being well received by our customers who have accepted the new machine very quickly, it is also benefiting our employees who are happy to spend less time ensuring an accurate cash balance at the end of each day or when there is a changeover of staff.”

CashGenic is also being utilised in butchers in Germany, with the first install having started at Peter Raabe in Pinneberg.

Thorsten Labusch, VP of Sales & Business Development in Germany commented, “In a recent customer survey conducted bythe butchery Peter Raabewe have seen that customers like to pay with cash and want to pay with cash.They found that 78% of customers pay with cash and more than half thought that separating the goods and money handling made sense from a hygiene point of view.  They are pleased with customer feedback with 86% finding CashGenic easy to use.”

Peter Raabesaid: “As well as the hygienic benefits CashGenic can bring we can really see the added value because it releases the staff from money counting so they can use the time more productively serving customers.”

ITL are working with organisations across many vertical sectors throughout the whole of Europe showing how CashGenic can protect staff, customers and payments.

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Meridianbet Foundation (GMGI) Marks Five Years of Successful Global Scholarship Program

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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 Tomorrow’s Leaders

These scholarships are more than financial assistance—they represent the company’s 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 Foundation’s 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.

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Major affiliate QiH Group reports impressive Q4 and FY 2024 financial results

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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

  • Revenue: ÂŁ6.33m, a 73% increase from Q4 2023

  • EBITDA: ÂŁ1.43m, a 90% increase from Q4 2023

  • FTDs: 49% increase from Q4 2023

 

Key FY24 Highlights

  • Revenue: ÂŁ20.57m, a 59% increase year-on-year

  • EBITDA: ÂŁ4.85m, a 59% increase year-on-year

  • FTDs: 43% increase year-on-year

 

CEO Comments

“We are thrilled to report strong quarterly results that underscore our commitment to innovation and customer satisfaction in the iGaming space,” said Jamie Walters, CEO and co-founder of QiH Group. “Strategic 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.”

 

Operational Highlights

  • Strengthened C-suite leadership team with the hire of leading CTO Sachin Saxena

  • 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

  • Average headcount growth of 16% for Q4 2024 and 15% for FY 2024, leading to a significant expansion of the London office

  • Entered strategic partnerships with 120 partners, delivering our trusted high quality traffic experience as further evidence of our successful internal strategy

 

Post-period Outlook

  • Finalised C-suite leadership team with the hire of leading CFO Simon Winder

 

“As 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,” said Walters.

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BETBAZAR strengthens product line-up with GR8 Tech partnership

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BETBAZAR strengthens product line-up with GR8 Tech partnership
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Industry-leading B2B iGaming marketplace unveils collaboration with the high-performance sportsbook and iGaming platform provider to supply even more solutions to clients

Betbazar – the innovative technology company behind the world’s leading B2B iGaming marketplace – 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 industry’s 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 Tech’s 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 operator’s perspective will certainly be the company’s 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 industry’s 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 customers’ statistics. All of this is backed up by bulletproof security features and a dedicated support team that’s available 24/7, 365 days a year.

Given the data feed’s scope to improve clients’ revenue streams and the myriad benefits offered by all of the other GR8 Tech solutions, the partnership will further establish BETBAZAR’s 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: “It goes without saying that if you want to be the iGaming industry’s leading B2B marketplace, you have to be able to offer the best products available – and in GR8 Tech’s innovative range of sportsbook solutions, we believe we’ve found a selection of services that will empower operators to offer a best-in-class user experience.

“Covering everything from sportsbook platforms, managed trading services, and the company’s 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.”

Oleksandr Feshchenko, Deputy CEO & CRO at GR8 Tech, said: “At GR8 Tech, we really believe in the quality of our products and their potential to help operators stand out and maximise their revenue streams – so the next step is obviously to ensure they’re seen by as many customers as possible.

“By partnering with BETBAZAR and making our solutions available via their industry-leading B2B worldwide marketplace, we’ll 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.”

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