Press Releases
Racing Post to resume print publication from June 1st
Racing Post has today announced it will resume publication and nationwide distribution of its print newspaper on June 1st to coincide with the resumption of British racing closely followed by Irish racing on June 8th.
Joining the daily publication on the return will be Racing Post weekly publications, Racing Post Weekender and the Racing and Football Outlook.
Production of the newspaper had to be temporarily suspended for the first time in its history in March after global sports, and particularly horseracing, had been halted due to the coronavirus pandemic. In the downtime, Racing Post has produced a reduced digital version of the newspaper online covering the fallout and resumption plans alongside reports on global racing and sports where it has been able to continue.
Horseracing in Britain is scheduled to return at Newcastle on Monday, June 1st, according to the BHA’s initial schedule for the resumption of the sport, while Naas will host the comeback fixture in Ireland when the sport returns on June 8th.
Top-quality racing will return with four British Classics and Royal Ascot taking centre stage in June in Britain, with the Tattersalls Irish 2,000 and 1,000 Guineas rescheduled for Friday, June 12th and Saturday, June 13th in Horse Racing Ireland’s revised schedule. All events will be behind closed doors and subject to strict government guidance around social distancing and hygiene requirements.
Racing Post will have coverage of every race at every meeting from the revised schedule as well as in-depth interviews with racing’s biggest names, tipping from renowned tipsters Paul Kealy and Tom Segal and features on the resumption spearheaded by award-winning writers Alastair Down and Lee Mottershead.
Commenting on the return of the Racing Post, editor Tom Kerr said: “It’s been an incredibly difficult two months for all those involved with racing on these shores. The temporary halt in production of the newspaper in March was something no one could have predicted earlier in the year but I’m delighted to say we are coming back better than ever. The team at Racing Post is prepared for the resumption of racing, and although it will be in a new world to the one we left behind we’re excited to be part of it.
“It’s been a pleasure to work with the talented team here on the plans for bringing the print newspaper back – no small task under the current circumstances – and I can’t wait to get my hands on that first print edition. We all love newspapers, and we know that for many of our customers there’s no substitute to the feel and experience of a print Racing Post as their daily guide to this great sport.”
Brian Goodman CEO of Golden Matrix
Golden Matrix Group Inc. Reports Strong Q3 2024 Earnings and Continued Operational Growth
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Revenue Growth: Q3 2024 consolidated revenue increased by 85% to $41 million, with year-to-date revenue up 55% to $105.3 million, driven by consistent performance across key markets.
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Gross Profit Increase: Gross profit grew 39% in Q3 to $22.4 million, with year-to-date gross profit rising 24% to $61.8 million, reflecting improvements in operational efficiency and product margins.
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AEBITDA: Adjusted EBITDA for Q3 reached $4.3 million, reflecting resilient performance across multiple revenue channels with marginal impacts from currency fluctuations across subsidiaries.
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Balance Sheet Strength: As of September 30, 2024, Golden Matrix maintained a robust financial position with over $38.4 million in cash and equivalents and short-term debt of $17.5 million. Shareholder equity also grew 60% to $94 million, reinforcing the Company’s ability to pursue strategic growth initiatives.
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Meridianbet Strong Growth Continues: Meridianbet’s Q3 revenue grew 16% YoY, led by a 19% online increase and 6% in retail. Deposits rose to $61.9M (+13% QoQ), with new registrations up 23% to 125K. Online casino GGR margin hit 3.37% (+21% turnover), sports betting rose 7.4% YoY with GGR at 9.5%, retail sports GGR at 10.3% (record 14.1% in August), and retail slots up 17.5% YoY.
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Expansion of GMAG Platform: The GMAG B2B aggregator platform saw substantial growth, with wagering volume increasing 84% to $1.4 billion. Enhanced customer retention tools and the addition of high-margin games have driven engagement and profitability.
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Classics for a Cause Acquisition: This newly acquired Australian business added $2.1 million in revenue and $503,000 in EBITDA within two months, expanding Golden Matrix’s market reach and contributing to overall profitability.
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Mexplay Growth: Mexplay, the Company’s online casino in Mexico, reported a 56% increase in active players and a rise in gross gaming revenue to $15 million, underscoring growth potential in Latin America.
Jackpot
Guest Wins Nearly a Million Dollars on Royal Flush Jackpot at MGM National Harbor
MGM National Harbor is kicking off November with a big jackpot. A lucky guest was playing Ultimate Texas Hold’em on November 3 when he was dealt a Royal Flush of diamonds, winning $961,428.50.
“What an incredible way to kick off the holidays,” said Alex Alvarado, MGM National Harbor’s Vice President of Casino Operations. “We take great pride in offering the premier selection of table games in an industry where anything is possible. Today, that possibility became a reality with a life-changing win for our guest.”
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Stretch Network has officially announced a new strategic partnership with Vivaro. US, a social casino platform. This collaboration is designed to bring ingenious poker operations to a wider audience in the USA, reinforcing Stretch Network’s commitment to expanding its reach in the growing digital market.
Ruslan Bangert, Head of Stretch Network, expressed his enthusiasm for the partnership, stating, “We’re thrilled to partner with Vivaro. US. This collaboration aligns with our goal to innovate and expand in the dynamic world of poker.
The partnership also marks an important milestone for Vivaro. US, allowing the platform to elevate its poker capabilities. Hovhannes Minasyan, COO of Vivaro. US, shared, “This collaboration with Stretch Network enables us to elevate our poker offerings and provide an even more immersive and secure environment for our players.”
“Our partnership with Stretch Network represents an important step in enhancing our poker capabilities and strengthening our platform’s offerings,” said Artak Basoyan, CEO at Vivaro. US.
With a growing presence in the USA through Vivaro. US, Stretch Network is well-positioned to deliver poker experiences to an even broader audience.
The collaboration is expected to drive player engagement and increase opportunities for both companies, highlighting Stretch Network’s ability to adapt and grow in a competitive digital entertainment market.
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