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Swifty Global Reports Strong Q2 Performance and Prepares for Major Exchange Uplisting

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Dear Cashmere Holding Company (OTC: DRCR) also known as Swifty Global (Swifty), is a cutting-edge technology firm focused on creating ground-breaking solutions in the sports betting sector. Swifty aims to drive shareholder value through accelerated innovation and enhanced usability of the products the company develops. With licenses spanning several global jurisdictions, Swifty has successfully brought to market a revolutionary suite of offerings. This includes the company’s proprietary swipe betting sports prediction application, as well as its traditional sportsbook and casino gaming platforms.

Swifty Global is pleased to announce the completion and publication of the company’s quarterly disclosure, now available on the OTC Market website. For the second quarter of 2024, compared to the same period in 2023, the company reported a robust financial performance with the following key highlights:

  • Cash on Hand: Increased by approximately 37%.
  • Total Assets: Increased by $2.1 million, representing a growth of approximately 35%.
  • Liabilities: Reduced by $1.1 million, a decrease of approximately 35%.

While revenue and net income were slightly reduced compared to Q2 2023, this outcome was the result of the company’s contunued efforts to conservatively manage its risk profile by limiting exposure to larger players utilizing the Swifty platform, which in turn impacted the company’s revenue and net income. Despite this, the company’s strategic focus on long-term stability and growth has paid off. The impressive results from the second quarter have led to a significant increase in shareholders’ equity, reaching $5.9 million. This achievement is a critical milestone, meeting the listing requirements for major exchanges and providing Swifty with a solid foundation for its planned transition to a major national exchange.

Throughout this quarterly period, the company has been highly focused on preparation for its uplisting to a national exchange, with a strong emphasis on balance sheet strength and risk reduction. By maintaining a disciplined approach and concentrating on building value, Swifty Global has prioritized financial stability by growing cautiously out of its own cash flow, avoiding debt, and minimizing dilution. This strategy has positioned the company extremely well for its next phase of growth and its planned transition to a major national exchange. This focus will continue into Q3 and Q4, with Swifty aggressively pursuing the uplisting process and aiming to be fully operational on a major exchange by Q4, 2024.

“We take great pride in what we have achieved at Swifty and the strong financial health we’ve maintained across the company as we release our Q2 2024 quarterly results. Our performance in Q2 is a testament to the disciplined approach we’ve taken to build long-term value,” said James Gibbons, CEO of Swifty Global. “We’ve focused on fortifying our balance sheet and reducing risk, which has positioned us well for the next phase of our growth as we move toward listing on a major exchange. As we continue to execute our strategy, we remain committed to sustainable growth, leveraging our solid financial foundation to pursue new opportunities, expand our market reach, and deliver increased value to our shareholders.’’

During this period, Swifty successfully obtained and was officially granted its gambling license for South Africa by the National Gambling Board. This license, along with the Irish license obtained in Q1 of this year, has positioned the company in a very strong position to grow and scale its product offering into new territories. After investing considerable time, effort, and resources in securing these licenses, the company is now poised to aggressively execute its scaling and growth strategy by expanding its market reach and operational capabilities into these markets, which have a combined gambling market valued at over $7.1 billion annually.

Cancún

CONCEPT AND NEW GAMES REVOLUTIONIZE PALACE BINGO & SPORTS BETS IN CANCÚN

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Palace Bingo & Sports Bets Casino in Cancún has taken a major step forward by introducing Zitro’s revolutionary CONCEPT cabinet line and new games that promise to elevate the gaming experience in this iconic Mexican tourist destination.

The newly installed titles—Legendary SwordTriple Charm JourneyFairyland Quest, and Merging Fu Pots —are designed to appeal to all types of players. They feature stunning graphics, innovative mechanics, and rewarding prizes that enhance the excitement of play.

Representatives from El Palacio de los Números commented: “The addition of Zitro’s games and CONCEPT cabinets at our Cancún casino has been an overwhelming success. Player feedback has been exceptional, with many praising the visual quality, engaging gameplay, and the wide range of prizes. This new offering is undoubtedly transforming the gaming experience on our floor.”

Johnny Ortiz Viveiros, founder of Zitro, added: “We’re very pleased that Palace Bingo & Sports Bets Casino in Cancún has again chosen Zitro to innovate its entertainment lineup. The combination of our CONCEPT cabinets and new games provides a unique player experience and drives profitability for the operator.”

The post CONCEPT AND NEW GAMES REVOLUTIONIZE PALACE BINGO & SPORTS BETS IN CANCÚN appeared first on Gaming and Gambling Industry in the Americas.

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ACR Dual Venom

ACR POKER ADDS BONUS FLIGHTS TO MASSIVE DUAL VENOM TOURNAMENTS, GIVING PLAYERS ANOTHER CHANCE TO WIN

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Extra flights to take place on Saturday, April 26th for the $10 Million NLH and $2 Million PLO events

ACR Poker is giving players another shot at poker glory with the addition of bonus flights for the huge Dual Venom tournaments that are running side by side. Included are a massive $10 million GTD NLH event and $2 million GTD PLO event. The bonus flights will take place this Saturday, April 26th at 1:05pm ET, ahead of the final Day 1 flight on Sunday, April 27th.

Day 1 survivors from the six flights in the $10 Million NLH Venom  will return for Day 2 on Monday, April 28th, and if they advance, continue to Day 3 on Tuesday. Day 3 survivors will compete for the Venom NLH title at the Final Table on Wednesday, April 30th at 4:05pm ET. With a $2,650 buy-in, the champion is set to win an estimated $1 million. Meanwhile, the winner of the $2 Million PLO event, which ties as the largest Omaha event in ACR Poker’s history, is projected to win a top prize of $400,000.

“Venom is really heating up and the extra flights are another chance for anyone who still wants to make a run at Day 2 and get a piece of the huge prize pools and the Venom glory,” said ACR Pro Chris Moneymaker.

There’s still time for players to lock in their Venom entry through ACR Poker’s Venom Fever Satellites, with qualifiers starting at $0. Venom Madness, Direct and Mega Satellites offer players affordable routes into both headline tournaments. Additional opportunities include the Venom Vault, which has already awarded over $150,000 in prizes and 22 X $2,650 seats.

ACR Poker is also hosting Venom Specials during every Day 1 and Day 2 of the Dual Venoms, featuring over $14 million in guaranteed prizes. Plus, the $500,000 GTD Venom Warmup has daily Day 1 flights running through this Sunday, April 27th, for just a $66 buy-in.

The post ACR POKER ADDS BONUS FLIGHTS TO MASSIVE DUAL VENOM TOURNAMENTS, GIVING PLAYERS ANOTHER CHANCE TO WIN appeared first on Gaming and Gambling Industry in the Americas.

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Awards

Quick Custom Intelligence Joins Theo Awards as Silver Sponsor, Expanding Support of Casino DMA’s Mission

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Casino Direct Marketing Association (Casino DMA), a 501(c)(3) nonprofit organization dedicated to advancing casino marketing through education and connection, is proud to announce that Quick Custom Intelligence (QCI) has signed on as a Silver Sponsor of the upcoming Theo Awards. This new sponsorship marks an exciting expansion of QCI’s support for Casino DMA’s mission and programs.

“Marketing for casinos is a unique challenge, blending creative artistry with data science,” said Dr. Ralph Thomas, Chief Executive Officer at QCI. “We’re grateful to Casino DMA for the opportunity to sponsor this event and eager to hear the stories that emerge. It’s this kind of sharing that makes our industry stronger.”

“We’re thrilled to welcome QCI as a sponsor,” said Steven Paci, president of Casino DMA. “Their commitment to innovation and excellence in casino marketing perfectly aligns with our goal of elevating and celebrating the work of our industry’s brightest minds.”

The post Quick Custom Intelligence Joins Theo Awards as Silver Sponsor, Expanding Support of Casino DMA’s Mission appeared first on Gaming and Gambling Industry in the Americas.

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