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EveryMatrix Press Releases

EveryMatrix delivers record financial performance in 15-year history

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B2B iGaming technology provider announces both record quarter and record annual results for 2022.

EveryMatrix’s Q4/end of year update shows record financial performance and Gross Profit ahead of expectations across all business segments (Casino, Sports, and Platform) since it was founded 15 years ago, achieving its second largest signed contract alongside a positive sales pipeline and strong cash balance.

RECORD FINANCIAL PERFORMANCE AHEAD OF EXPECTATIONS

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Annual Gross Profit (Gross Revenue less direct costs to game suppliers) increased by 26% Y/Y in 2022 to €65 million (51.3) while Q4 Gross Profit rose by 39% Y/Y to €19.4m with a 3-year CAGR of 40%.

Strategic diversification and a broad client base of more than 200 global customers saw EveryMatrix further diminish the impact German regulation had on Gross Profit in the Casino segment with strong comparable figures reflecting the core business’ continuous growth.​

Excluding Germany, Group Gross Profit for the rest of the world increased by 43% Y/Y and 113% between Q4 2020 and Q4 2022.

Every month of 2022 from March onwards recorded higher Gross Profit results, with November the first €6m month and December the first €7m month.

The company also achieved its best year for sales signing 149 new deals worth more than €25m per year, including 14 turnkey,​ 18 tier-1, and 7 U.S. contracts.​

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Annual 2022 EBITDA increased by 23% Y/Y to €23.3m with quarterly EBITDA rising 81% Y/Y to €6.9m. EBITDA/Gross Profit margin was 36% for the year.

Net Cash grew from €21.1m at the end of Q3 2022 to €24.1m in Q4 2022 while still paying dividends in December. The Company is reinvesting positive cash flow into future growth and remains debt-free.

Ebbe Groes, Group CEO of EveryMatrix, says: “It has been a phenomenal year on so many levels with records broken in every area of the business and every business unit contributing to our best 12 months yet. Equally pleasing is that we foresee this strengthening with several imminent landmark tier-1 launches in Sports, Casino and Platform set to contribute to even greater success and enabling us to continue to invest in future growth.

“This could not have been achieved without the extraordinary effort, expertise and energy that our teams and individuals across multiple global locations have consistently shown throughout 2022, with a very special mention to our friends and colleagues in Ukraine who we are committed to unconditionally supporting at all costs.”

SIGNIFICANT SPORTS & CASINO GROWTH

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The final quarter of 2022 was of particular significance to the Sports segment with a big tier one win for the OddsMatrix team. EveryMatrix beat 25 bidders to win the tender for the Hungarian lottery company, Szerencsejáték Privately Held Company Limited, providing it with an end-to-end suite of advanced digital sports betting software solutions and services for its online brand TippmixPro.

This bolstered what was already a good year due to the earlier signing of German-focused operator bet-at-home to replace its existing platform with EveryMatrix technology.

The Casino segment reported yet another record quarter with record Gross Profit of €8.9m, 43% Y/Y growth. Casino is expected to continue this strong growth trajectory in 2023 with further investment within the commercial team.

KEY MILESTONES IN Q4

  • 28 new client wins signed across all products
  • Won Hungarian Lottery tender ahead of 25 competing bids taking EveryMatrix to six WLA customers – second largest win in deal value in the company’s history
  • Szerencsejáték Privately Held Company Ltd will benefit from turnkey online technology – first WLA win with sports as the key product
  • CasinoEngine deal​ agreed with Kingmakers,​ leading operator ​in Nigeria
  • Live with first U.S. customer BetMGM; obtained licensing in Michigan, third U.S. state after West Virginia and New Jersey​
  • Continuing to support our Ukrainian staff; operations remain unaffected​

In Q1 2022, the Company initiated a welfare support programme for its Ukrainian staff. From Q2 2022 onwards the Company has offered continuous support to Ukrainian staff and large cash donations to supporting causes exceeding EUR 700,000 for the year. At the period end, operations remain unaffected, and most exiled staff have returned to Ukraine.

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EveryMatrix Press Releases

EveryMatrix showcases ‘Everything is possible’ experience across three stands in four days at ICE 2025

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EveryMatrix is just weeks away from unveiling its biggest ever ICE show presence across three stands with its ‘Everything is Possible’ experience in Barcelona.

EveryMatrix’s trio of stands will focus on three areas; its core brand that includes flagship turnkey and best-of-breed products CasinoEngine, SlotMatrix boosted by Fantasma Games and player account management technology GamMatrix (stand number 2G32); a dedicated area for rapidly growing sportsbook and data feeds division OddsMatrix (5K10); and a third space for affiliate management platform and data tracking technology PartnerMatrix at the adjoining iGB Affiliate show (K36) from 20th to 23rd January 2025.

The EveryMatrix stand – its largest ever at three times the size of ICE 2024 – is designed for visitors to enjoy the ‘Everything is Possible’ experience across several touchpoints including:

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  • Interactive video content, demo pods, and customer success stories detailing EveryMatrix’s largest turnkey and best-of-breed projects and how its clients have achieved record numbers because of its advanced technology
  • ‘EveryMatrix Effect’ presentation area. Based on the video learning series between EveryMatrix and iGaming Business, experts from the industry’s fastest growing technology provider will present live workshops on how operators can navigate the most pressing challenges in online casino and sports
  • a stunning networking cocktail bar area and boardroom-style meeting space
  • a purpose-built shop where delegates can exchange branded coins for a wide selection of EveryMatrix merchandise to ensure an unforgettable ‘Everything is Possible’ experience. Based on EveryMatrix’s new LoyaltyEngine cross-vertical suite of loyalty tools that boost player engagement, retention and lifetime value, the more areas visitors experience, the higher value rewards they can claim.

A five minute walk away the OddsMatrix stand (5K10) centres on an atmospheric sports bar serving the best Barcelona beverages, surrounded by official memorabilia. This is accompanied by tier-1 customer case studies displaying how OddsMatrix has delivered record client results, while delegates will also be treated to one-on-one live demonstrations of the full sportsbook environment including the latest omnichannel journey.

Ebbe Groes, CEO & Co-Founder, EveryMatrix, said: “A new ICE venue, combined with yet another record year of growth and profitability for EveryMatrix and our customers, is the ideal opportunity to give visitors our unique ‘Everything is Possible’ experience. Here they will see first-hand the incredible results our advanced technology is having on our global customers. Plus, they will be well rewarded for the time they spend with us at the end of a unique journey. We can’t wait to open the doors to welcome you all in.”

Book a meeting with an EveryMatrix expert today!

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EveryMatrix Press Releases

EveryMatrix live with first omnichannel customer ArenaCasino in Croatia

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EveryMatrix is live with ArenaCasino, delivering its first omnichannel turnkey platform partnership and one of its largest projects of 2024.

For the first time, the iGaming industry’s fastest growing provider has integrated both online and retail sports and casino technology with a tier-1 customer that has an extensive land-based and digital presence.

The partnership marks EveryMatrix’s first entry into Croatia, further diversifying its regulated market mix.

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The new EveryMatrix powered omnichannel tech stack will replace ArenaCasino’s existing casino and sports platforms and transform its shop estate and online brand, providing retail, online and mobile customers with the ultimate, seamless multi-channel experience including a new single wallet.

The omnichannel rollout is the first since EveryMatrix’s strategic acquisition of sports betting retail software developer Leapbit. EveryMatrix has since enhanced Leapbit’s retail offering with extensive live betting options, thousands more markets, a new front-end across Self Service Betting Terminals (SSBTs), new live betting screens as well as new features that ArenaCasino did not previously have including Cash Out and BetBuilder.

ArenaCasino has established extensive retail and digital market share with more than 160 locations across Croatia including SSBTs, betting shops and slot machine clubs, and plans to expand its market presence to between 300 and 400 locations in the next two years. It is the country’s only locally owned gaming and betting brand.

It is the most recognised casino brand in Croatia and was the final operator to be granted a sports betting licence in 2019, with ambitions to accelerate its sportsbook growth through the integration of OddsMatrix, EveryMatrix’s turnkey omnichannel sportsbook.

In retail ArenaCasino will benefit from the provider’s dedicated retail SSBTs, Over the Counter services, Odds Wall digital displays and much more. Online will be further bolstered by EveryMatrix’s market-leading CasinoEngine with the aim to accelerate casino growth.

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Ebbe Groes, CEO & co-founder, EveryMatrix, said: “Partnering with a brand as respected as Arena to roll out our first omnichannel offering is a natural fit and builds on the significant momentum we’ve enjoyed at OddsMatrix and across the Group.

“Today’s news marks the first of many chapters in our omnichannel story and we’re confident our advanced turnkey products will elevate the everyday experiences of ArenaCasino players while improving the operational efficiencies of our new multi-channel partner.”

Hrvoje Delalic, CEO, ArenaCasino, said: “We’ve grown rapidly in recent years but were limited in what we could do with our previous technology. We have huge growth ambitions and we firmly believe EveryMatrix is the ideal partner as we bid take both our retail and online product offering to the next level.

“We’re confident this intuitive and multi-layered, contemporary technology will deliver a richer, seamless and more rewarding user experience to our extensive customer base.”

The post EveryMatrix live with first omnichannel customer ArenaCasino in Croatia appeared first on European Gaming Industry News.

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EveryMatrix Press Releases

EveryMatrix, BetBlocker and the Responsible Gaming Foundation Malta join forces to translate BetBlocker into Maltese

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Supporting safer gambling in Malta is the focus of a new partnership between EveryMatrix, BetBlocker and the Responsible Gaming Foundation. The collaboration will see BetBlocker expand its services to include a Maltese version of its award-winning blocking software.

This project is launched as part of European Safer Gambling Week 2024 to provide both an additional tool to support Maltese players looking to manage their access to gambling and to raise the profile of the free, anonymous to use, service BetBlocker provides within one of the key international hubs for the igaming industry.

Duncan Garvie, Founder and Trustee for BetBlocker, said: “One of the biggest challenges for BetBlocker is ensuring that a technologically complex app is as simple as possible for users to set-up. Currently, BetBlocker can take a user from download to blocked in under 2 minutes.

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But that is only the case where the user finds the set-up instructions easy to engage with.

Where a user is able to access BetBlocker in the language that they are most confident in, the chances of them converting to an active block is far higher.

We’re really grateful to EveryMatrix and the RGF for their partnership on this project. It significantly improves the options for Maltese players and will go a long way in terms of raising awareness of the support that BetBlocker offers amongst MGA licensees.

We hope that in the future, the MGA will advance their player protection standards with the inclusion of requirement for licensees to signpost blocking software to ensure players are aware of this option.

Jake Cachia, Head of Compliance, EveryMatrix, added: “We’re delighted to be able to support BetBlocker and the RGF with this important initiative in Malta, particularly in time for Safer Gambling Week.

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EveryMatrix is proud of its commitment to safer gambling and player protection while producing market leading gaming solutions, and partnerships such as underlining how crucial it is to keep making a difference.

Kevin O’Neill, General Manager for the Responsible Gaming Foundation, shared these thoughts on the project: “The Responsible Gaming Foundation is proud to collaborate with BetBlocker and Everymatrix on this initiative, furthering our mission to support safer gambling practices in Malta.

Translating BetBlocker into Maltese is a significant step towards accessibility and inclusivity, ensuring that players can effectively manage their gambling habits in their native language.

This project demonstrates the power of partnerships in enhancing player protection and underscores the importance of providing players with tools that promote responsible decision-making. As we launch this initiative during European Safer Gambling Week 2024, we remain committed to contributing to an environment where innovative solutions, such as BetBlocker, can meaningfully impact safeguarding our community.

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