EveryMatrix Press Releases
EveryMatrix opens games studio in Miami
EveryMatrix is pleased to announce its first iGaming development investment in the United States. Armadillo Studios will be part of EveryMatrix Group and based at the company’s headquarters in Miami, Florida.
Armadillo Studios is set to develop online casino games based on the U.S. market-specific game logic and player preferences. Managed by Razvan Haiduc as Chief Executive Officer and David Stoveld as Chief Operations Officer, Armadillo Studios is currently starting an extensive recruitment process for key roles in product development and design.
Razvan Haiduc joined EveryMatrix’s payments division in 2019 after a 5-year stint in iSoftBet and has since occupied several management roles across EveryMatrix.
David Stoveld is a well-known casino games producer with an impressive track record in established companies such as Scientific Games, NetEnt, Yggdrasil and Kalamba Games.
Ebbe Groes, Group CEO of EveryMatrix, says: “We’re more than happy to contribute to U.S. gaming culture with a wide portfolio of casino games which will be managed entirely by our team in Miami. Having Razvan and Dave in the studio’s management team brings us confidence that we can be a leading casino supplier in the U.S. market by 2023.”
Erik Nyman, President Americas at EveryMatrix, says: “I have seen the need for American focused games for years, and I am happy that EveryMatrix responds to the market’s call. I am very excited that David Stoveld, who I worked with in the past will be the creative lead and Razvan managing these efforts. It is a great pleasure having them here in our U.S. Headquarters close to our customers.”
Razvan Haiduc, CEO of Armadillo Studios, adds: “The U.S. market holds a lot of promises, and I am sure that investing in this direction is the right move for us. Armadillo’s games will bring loads of excitement and entertainment to casino aficionados across states. Dave and I will be building the American Dream together along with Erik and the rest of the team at our U.S. headquarters in Miami later this summer.”
After launching Spearhead Studios and RGS Matrix in 2020 and investing in Lady Luck Games earlier this year, a company set to list on NASDAQ First North Growth Market on June 23, 2021, Armadillo Studios is EveryMatrix’s third significant investment in games development.
KingMakers goes live with EveryMatrix CasinoEngine
KingMakers’ betting brand BetKing, has gone live with CasinoEngine, giving Nigerian players access to the industry’s largest casino content library through a single integration.
EveryMatrix’s iGaming platform will aim to significantly grow BetKing into a world-class, multi vertical, digital entertainment experience with access to an ever-growing portfolio of thousands of best performing games.
BetKing will also integrate JackpotEngine and BonusEngine to further boost the gaming experience through flexible and configurable jackpot customisation and a variety of industry-leading player reward and bonus management features.
Nigeria’s total onshore online betting and gaming gross win for 2023 is estimated to be €560 million, according to H2 Gambling Capital, with the onshore market predicted to double in three years.
Stian Enger, Head of CasinoEngine, EveryMatrix, said: “The sky’s the limit in terms of potential for BetKing and we’re very excited to go live and accelerate the brand’s casino growth in the months and years to come.
“The brand has leading sports betting market share and I’m confident that in a short space of time the same will be said for casino thanks to the power of CasinoEngine and its best-in-class acquisition and retention capabilities.”
Lauren Holder, Head of Gaming at KingMakers, said: “From signing the deal six months ago to go live has been a very smooth process and it’s been a pleasure working with our partners at EveryMatrix.
“The Nigerian and wider iGaming African market is an area we believe has huge promise and, together with EveryMatrix’s leading productivity platform and the wide variety of flexible content options and revenue boosting functionality it offers, we believe the opportunities are endless.”
EveryMatrix JackpotEngine gains MGA approval
EveryMatrix gamification solution JackpotEngine, that provides brands with the power to add a configurable jackpot layer to any game, has received a Malta Gaming Authority (MGA) approval.
MGA approval will enable EveryMatrix to offer and integrate its innovative product to potentially hundreds of Malta-licensed brands.
JackpotEngine, integrated via EveryMatrix productivity platform CasinoEngine, is a complete Jackpot Management System that allows operators to seamlessly create, configure and control their own jackpots for any selection of games across any casino vertical and player segment significantly boosting acquisition and retention rates.
The product boosts acquisition and creates an incentive for players to remain loyal to a brand for increased retention and lifetime value. Each game round offers additional excitement with more chances to win for prolonged game sessions.
GAME ROUND AND BET SIZE UPLIFT
A comparison of game session metrics for two like-for-like EveryMatrix customers examining games before and after they were assigned to a JackpotEngine powered jackpot has shown extremely positive results, with the number of rounds per session increasing 25% and 11% and average bet amount climbing 30% and 50% respectively.
Built for regulated markets JackpotEngine offers the possibility to remain fully compliant where traditional bonusing is either limited or not an option.
Operators have complete control over the selection of games where a jackpot is offered as well as player segmentation, winning probability, seed amounts, winning cap, contribution distribution, and the split of contribution funding between operators and players, while also accessing real-time monitoring and reporting of jackpot transactions.
Stian Enger, Head of CasinoEngine, EveryMatrix, said: “The testing we’ve done in the first phase of release has shown exceptional uplift in game rounds, session times and bet size so we’re confident JackpotEngine will be a game changer.
“I’m delighted with the MGA approval and this will significantly boost the product’s roll out in the months to come.”
JackpotEngine is available to EveryMatrix operators either via CasinoEngine, or pure B2B aggregation solution SlotMatrix and its entire library of content, including 140+ integrations from 250+ game studios across multiple verticals.
EveryMatrix Press Releases
EveryMatrix delivers record growth in Q1 2023
B2B iGaming technology provider EveryMatrix announces its highest growth in company history.
EveryMatrix’s Q1 2023 update shows record financial performance and profitability across all business segments (Casino, Sports and Platform), launching its biggest ever platform migration project, signing a significant omnichannel deal with a tier-1 brand in Europe and reinvesting positive cashflow for future growth.
RECORD QUARTERLY RESULTS
For the first quarter of 2023 (Jan 1st to March 31st) the company recorded Net Revenue of €23.5 million, a staggering 69% Year-on-Year (YoY) growth and a 21% Quarter-on-Quarter (QoQ) increase. This is the sixth consecutive quarterly increase in a row.
The strong revenue growth resulted in record profits. EBITDA was up 119% YoY at €10.5m (€4.8m in Q1 2022) with a 3-year CAGR of 39%. EBITDA/Net Revenue margin rose to 45% driven by strong growth and successful cost control.
EveryMatrix set a record quarterly Gross Gaming Revenue (GGR) performance for operator partners within its casino business unit generating €374m, up 77% YoY compared to the same period in 2022.
The sports business unit continued to make impressive progress recording €991m in turnover, a more than 210% YoY increase. This strong growth is set to stay with two of the company’s largest deals signed in 2022 with bet-at-home and The Hungarian Lottery, Szerencsejáték, expected to be reflected in the last two remaining quarters of the year.
Ebbe Groes, Group CEO of EveryMatrix, said: “Records keep on being broken and that is all down to our people. I’m very proud of all our business units and their teams who are relentlessly driving quarter-on-quarter growth for the business and for our partners across all areas.
“This year is all about delivering and going above and beyond for our global customers. We have several large-scale projects underway including a successful platform migration and new look sportsbook for bet-at-home, with Germany to come shortly, and the launch of the Hungarian lottery’s new digital sports offering later this year.
“I’m more excited than ever for the future growth of EveryMatrix, with new omnichannel agreements being signed, and new, innovative gamification features set to create even more value for our operator partners.”
CASINO, SPORTS & PLATFORM GAIN FURTHER MOMENTUM
Casino recorded its fifth quarterly record Net Revenue in a row (€10.8m), up 84% YoY compared to Q1 2022, with EBITDA margin rising to 52%.
Sports Net Revenue was up 29% to €5.9m compared with the same period last year with the team migrating and relaunching bet-at-home .com within the EveryMatrix platform and focused on delivering bet-at-home.de, alongside a new digital sportsbook offering for the Hungarian lottery Szerencsejáték, later this year.
Bet-at-home also became the first tier-1 brand to use EveryMatrix’s new, enhanced front-end sportsbook which will be offered to other customers going forward.
The Platform segment reported a Net Revenue increase of 97% compared to the same period last year with a record EBITDA contribution of €3.4m with the business supporting both casino and sports business units.
KEY MILESTONES IN Q1
- Launched bet-at-home .com on EveryMatrix platform and tech stack with new look front-end; on track to launch bet-at-home.de in Q2 2023
- Signed significant omnichannel and managed services agreement with a tier-1 operator in Croatia
- 35 new contracts signed in eight different jurisdictions including three turnkey clients
- 14 new affiliate platform deals signed compared to eight in Q1 2022
- Nine new payment integrations delivered
- Received licence approval in the US state of Connecticut; fifth North American licence after Michigan, West Virginia, New Jersey and Ontario, Canada
- Agreed content deal with US brand betParx, one of the largest mobile brands in the northeast of the US
- Received MGA (Malta) and Greece licence approval for new jackpot gamification product JackpotEngine
Hipther’s Autumn Flagship Event Rebranded to GamingTECH CEE – Don’t Miss the Early Bird Offer!
Meet BetConstruct at G2E Asia in Singapore
Relum Partners with Gamzix
MGA Games Releases 777 Caliente
CT Interactive Expands its Italian Footprint Through The Ear
IGSA Celebrates 25th Anniversary
Pragmatic Play Releases Sticky Bees Slot
The winners of the 2023 Game Developer Awards are in
Hipther returns with MARE BALTICUM Gaming & TECH Summit in Riga on 16-17th May 2023
NuxGame Bolsters Payment Processing With CoinPayments Integration
Hipther Takes Networking to the Next Level at MARE BALTICUM Gaming & Tech Summit 2023 with Daytime and Evening Sessions, plus Morning Networking Run
Gaming Americas Weekly Roundup – April 24-30
Q&A w/ Jean-Pierre Houareau, CEO at Live Solutions about the Romanian market
Paramount Global and Immersive Gamebox team up to bring a life-sized PAW Patrol® game to fans
BIG Cyber Announces 2023 BIG Cyber Defense Summit in Bucharest
Racecourse Media Group and BoscaSports break new ground as betting shop displays go live in Cyprus
Interviews7 days ago
Reinvention of the classics – is it necessary?
Baltics7 days ago
SOFTSWISS Recognised as Best Sports Betting Provider in the Baltics
Gambling in the USA6 days ago
Gaming Americas Weekly Roundup – May 15-21
Industry News6 days ago
Turbomates Soft Reveals Insights on the Future of Online Casino Software
eSports6 days ago
Vitality Wins the BLAST.tv Paris Major 2023
Latest News6 days ago
kwiff signs strategic RMG partnership
Balkans6 days ago
SlotMatrix secures Bulgaria RGS content certification
Australia6 days ago
NSW Govt Moves to Ban Gambling-related Signage from Pubs and Clubs