OKTO is excited to announce the expansion of its groundbreaking real-time cash-to-digital closed-loop payment service, OKTO.CASH, into the Indian market. This strategic move represents a significant step in OKTO’s mission to revolutionize payment experiences for both merchants and consumers around the globe.

Transforming Payment Experiences in India

With the launch of OKTO.CASH in India, online merchants can now offer cash-to-digital payments at hundreds of thousands of locations across the country, including in smaller cities. The service is already benefiting its first e-merchant, with many more expected to adopt it throughout the year. This expansion highlights OKTO’s commitment to providing seamless and efficient payment solutions tailored to the needs of the digital economy.

OKTO.CASH is now accessible through an extensive network of over 100,000 retail points, thanks to a collaboration with a pan-Indian network. The company has ambitious plans to increase this reach to more than 500,000 retail points by the end of the year, ensuring broad availability for consumers to complete their cash-to-digital transactions quickly and securely.

Dedicated Local Support

OKTO has established a locally dedicated team to support this expansion and provide the best possible service and assistance. This team is instrumental in ensuring merchants and consumers enjoy a superior payment experience.

Björn Katerbau, OKTO’s Chief Distribution Officer, emphasized the company’s commitment to enhancing payment services. “This expansion underscores our commitment to delivering superior payment experiences at every transaction and in every region that requires such services. We are dedicated to empowering online merchants with enhanced payment service offerings, aligning with our strategy of being a last-mile expert and helping online merchants acquire new consumers.”

A Leader in Digital Payments

The introduction of OKTO.CASH in India reinforces OKTO’s position as a leader in the digital payment landscape. The service allows online merchants to offer a reliable and instantaneous payment option, meeting the diverse needs of consumers in the rapidly evolving digital economy. OKTO.CASH provides a seamless, real-time cash-to-digital conversion, making it a valuable tool for merchants and consumers.

This development is a testament to OKTO’s dedication to providing innovative payment solutions and its strategic vision of transforming payment experiences globally. By expanding its services into India, OKTO continues to drive forward its mission of delivering efficient and effective payment solutions that cater to the needs of a growing digital marketplace.

Source:

OKTO Expands Its Advanced OKTO.CASH Payment Service in India, oktopayments.com, June 25, 2024.

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Mohegan Gaming is strengthening its payment capacity with PayNearMe which has now partnered up with the company’s online gaming arm, Mohegan Digital, to offer better iGaming payment solutions for the company’s operations in Pennsylvania. This partnership comes a week after Mohegan Digital introduced its online casino in the market, featuring 500 games, among which are jackpots, slots, and live dealer tables.

Mohegan Gaming Bolsters Payment Capabilities

Mohegan Digital is going to benefit from PayNearMe’s MoneyLine solution which will enable Mohegan Digital and the operator’s customers to use a variety of payment options for deposits and withdrawals, including Guaranteed ACH, Cash at Retail, PayPal and Venmo, among some of the most trusted payment options.

Mohegan Digital president Rich Roberts has welcomed this opportunity to see his company gear up for expanding in the Keystone State by teaming up with one of the most prominent payment providers that will facilitate the experience for consumers in the market, making it easy for them to deposit and cash out instantly.

“PayNearMe’s MoneyLine platform allows us to stay competitive while saving our product team the significant time and cost that would have been required to integrate multiple payment types and channels,” Roberts said, speaking of the partnership.

Mohegan Digital will similarly also gain important insight into its payment systems thanks to PayNearMe, which will feature an insights dashboard that will help with analyzing customer behavior, but also improve player protection and enhance the company’s fraud and risk prevention safeguards.

Building a More Robust Offer for the Casino and

As to PayNearMe, the company’s VP and general manager of iGaming and sports betting Leighton Webb has welcomed the opportunity to work with Mohegan Digital and enhance the operator’s offering in the highly-competitive Pennsylvanian iGaming market.

“Our commitment is to help operators get to market quickly with the payment types and optimization tools they need to deliver a great player experience. We look forward to supporting Mohegan Digital’s growth as they expand their online gaming presence,” Webb said.

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Playtech, a prominent gambling software firm, finds itself embroiled in a financial dispute with its largest client, Mexican gambling platform Caliplay. 

Playtech Battles €122 Million Payment Dispute with Caliplay

According to Playtech, Caliplay has declined to settle its dues, amounting to a staggering €122 million ($131 million) in fees accumulated between 2023 and 2024.

The refusal to pay comes amidst a protracted legal battle between the two entities. Caliplay has sought to terminate its contractual obligations with Playtech, sparking a contentious legal tussle that has yet to reach a resolution. Despite the mounting financial strain, Playtech remains optimistic about recovering the outstanding funds through legal recourse, reported The Evening Standard.

The repercussions of Caliplay’s non-payment have reverberated through Playtech’s financial statements. Notably, the company reported a significant surge in profits for the fiscal year 2023, reaching €235.8 million ($253 million). This substantial increase in profits includes the unreceived fees from Caliplay, reflecting Playtech’s confidence in eventual reimbursement.

The company disclosed a revenue figure of €1.7 billion ($1.84 billion), reflecting a year-on-year growth of 7%. Conversely, EBITDA reached €406.5 million ($440.3 million), marking a 12% increase.

Mor Weizer, the CEO of Playtech, conveyed his unwavering confidence in the company’s resilience amid the ongoing challenges, stating that they remained confident in their ability to execute their strategy and to continue delivering value for their shareholders.

Playtech Faces Uncertain Future Amid Takeover Rumors and Legal Challenges

The situation has also fueled speculations surrounding Playtech’s future, with the company becoming a focal point of takeover discussions. Both its depressed share price relative to earnings and recent acquisition attempts on other industry players have intensified the speculation. 

Weizer hinted at Playtech’s active involvement in potential acquisitions, emphasizing the company’s robust financial position with a substantial cash reserve.

However, industry analysts caution against overlooking the potential ramifications of the Caliplay dispute. Neil Shah, director of research at Edison Group, highlighted the significance of the impending trial in October, suggesting that an unfavorable outcome could inflict substantial financial losses on Playtech.

Despite the looming uncertainty, market sentiments remain somewhat buoyant, with Playtech shares experiencing a marginal uptick in recent trading sessions. Analysts at Jefferies remarked on the market’s apparent pessimism, underscoring the likelihood of a negotiated settlement and the importance of maintaining a constructive relationship with Caliplay.

As Playtech braces for the legal showdown in the coming months, the outcome of the dispute with Caliplay will undoubtedly shape the company’s financial trajectory and market standing in the foreseeable future.

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In the world of online sports betting, payment methods are more than just transactions, they’re integral to the player experience. Paysafe’s comprehensive research delves into the intricate nuances of bettors’ picks, shedding light on how these choices influence their engagement with sportsbooks.

Streamlined Payouts

According to Paysafe’s research that was conducted across six United States (Massachusetts Michigan, New Jersey, New York, Ohio, and Pennsylvania), the Canadian province of Ontario, the United Kingdom, France, Germany, and Italy in December of 2023, the rapid withdrawals are a top priority for bettors worldwide. Surpassing factors like brand confidence and probabilities, players prioritize sportsbooks that offer swift and hassle-free payouts. This focus on streamlined transactions highlights the importance of efficient payment processing in enhancing the overall betting journey.

In addition to speedy payouts, bettors seek platforms that support their preferred payment methods. Paysafe’s findings reveal that seamless deposits are a crucial consideration for players when selecting a sportsbook. The availability of various payment options, ranging from traditional methods like debit cards to emerging alternatives such as digital wallets and eCash, is instrumental in catering to the diverse needs of players.

Player Retention

Beyond attracting new customers, maintaining player loyalty is paramount for sportsbooks. Paysafe’s research indicates that a seamless payment experience significantly contributes to customer retention. With 78% of bettors valuing payment satisfaction in their decision to remain loyal to a brand, sportsbooks must prioritize the optimization of their payment processes to foster long-term relationships with players.

The emergence of digital wallets as a preferred payment method is a notable trend highlighted in Paysafe’s research. Digital wallets offer convenience and security, appealing to a growing segment of bettors, particularly in regions like Italy and Germany.

Despite regulatory constraints in certain markets, credit cards maintain their popularity among bettors, especially in regions like France. Additionally, the research underscores the significant interest in eCash, particularly in countries with a strong cash culture such as Germany and the United States.

Localized payment options, tailored to regional preferences, are favored by a substantial portion of players. These LPMs cater to the specific needs and preferences of players, contributing to a seamless betting experience.

Security and Future Trends

While players generally express confidence in transactional security, continuous efforts are required to address any concerns and maintain trust. Sportsbooks must prioritize robust security measures to safeguard player data and financial transactions.

Looking ahead, the adoption of alternative payment methods is expected to grow significantly. Digital wallets and eCash are poised for increased usage, offering players greater flexibility and convenience in their transactions.

Interest in Cryptocurrency

Despite market volatility, cryptocurrency paymentsgarner significant interest among players, particularly in regions like the United States. This highlights the potential for cryptocurrency to emerge as a viable payment option in the future, offering players additional choice and flexibility.

The Global Gaming President for Paysafe, Zak Cutler said: “Our latest research clearly indicates the value of payments to online sportsbook operators at all stages of the player experience. Operators that optimize their payment offering will gain a competitive advantage when starting their brand’s relationship with new bettors. Given the correlation between the payment experience and brand loyalty, operators can maximize player retention by getting payments right. This includes upgrading their cashiers to cover all possible payment choices to meet evolving transactional expectations.”

Source: ”Paysafe Research: Stronger Online Betting Experience Starts with Payments”. European Gaming. February 8, 2024.

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Interkassa, the renowned global payment aggregator, will present its newest payment solutions in the major event, which will be held in Malta from 13 to 17 November 2023.

The major event

Sigma is a large-scale event that will host the biggest industry names, and Interkassa is proud to be one of them. The company’s payment solutions are carefully selected and customized to fulfill the needs of the gaming industry. Among the most helpful is that the companies that collaborate with Interkassa can accept payments in 100 different currencies from all around the globe.

At the moment, the company offers more than 70 payment options, both global and local, to many countries. Customers are able to pay via cards, electronic wallets, mobile payments, bank transfers, as well as instant payments that can be transferred with Google Pay and Apple Pay. On top of that, there are also options for many fiat or crypto currencies, so the players can deposit and withdraw money in the way that suits them best.

All of the funds available are completely secure and safe, and all of the transactions remain uninterrupted. That’s because the company incorporated smart routing and various cascading technologies, which enabled the customers to enjoy smooth transfers. Tokenization makes the whole process even more seamless and secure since one-click betting is now available to the players.

In Interkassa’s vast network of partners are the biggest industry names such as 1win, Pin-Up, SoftSwiss, Slotegrator, EveryMatrix, BetConstruct, and FavBet.

Rapid success

Valentina Romanenko, the CEO of Interkassa, said: “With over 14 years of experience in the market, we have studied the needs of the gambling business and their customers. Today, Interkassa is ready to provide a positive payment experience for both players and gaming providers. We have a complete set of solutions for this. Our team looks forward to meeting Sigma Malta visitors at our stand #1114 and discussing the details of future cooperation.”

Anastasia Babochkina, Deputy CEO at Interkassa, has already visited the event. She commented: “We have attended this conference in Malta for several years. As a result, this event has always yielded incredible experiences and new fruitful partnerships. Its global focus and broad audience allow us to show all the advantages of our product.”

Interkassa was founded in 2009, and it rapidly expanded across the global market. At the moment, the company processes more than 12 million payments each month, and its customer base contains more than 4000 international businesses from Europe, Asia, Africa, Latin America, Canada, and CIS countries (except Russia).

Source: Incze, Gaspar, “Interkassa will present payment solutions for gambling and betting at Sigma Malta”, EuropeanGaming, October 10, 2023.

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The online casino market in Finland has developed a lot recently, even though the country’s government has not yet introduced legislation to officially open the market to private casino operators. Nevertheless, online casinos which cater to Finnish players have diversified their offering in terms of content and also in terms of payment methods made available to their customers.

Alongside traditional payment methods such as credit and debit cards or bank transfers, online casino operators that allow Finnish players have been adding more and more options like cryptocurrencies, e-wallets and mobile payment apps.

Speaking about the latter, mobile payment applications have become more and more popular around the world, offering people a seamless way to deposit and withdraw funds at online casinos. Brite is one such application, in which people can link their bank accounts to their smartphones and then make instant transactions.

Cryptocurrencies Gaining Ground Along With E-Wallets

Most online casinos that accept players from Finland have integrated cryptocurrency payment options, these tend to be very fast and also quite popular with the younger generation. The most popular currencies are Bitcoin and Ethereum, and these two options are available at several Finnish online casinos.

E-Wallets are also increasingly popular and mainly for the same reason: fast transactions without too much hassle. Transactions with e-wallets tend to be faster than those with credit or debit cards and definitely a lot more convenient and quick than bank transfers. There are several providers that are competing on this market, with the most popular one being big brands such as PayPal, Skrill or Neteller.

However, some banks have sensed the wind of change and have made efforts to compete with the new fintech companies by allowing instant transfers within their own e-banking applications. With these new methods players are able to send money instantly from their bank account to their casino account. Moreover, most major banks in Finland support this method, so there is plenty of access to such swift transactions.

So there are plenty of payment methods available to Finnish online casino players, ranging from the classic ones like credit or debit cards and bank transfers to the most forward-thinking options like cryptocurrencies, mobile payment applications or e-wallets.

Source: “Latest Developments in Payment Methods for Finnish Casino Players“. European Gaming. September 1, 2023.

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Anyone who has devoted their time to an online casino must have come across the request to “make an online payment” as soon as they registered for their account. Similar to the e-commerce explosion that transformed online payments, the increase in popularity of online casinos has led to the need to add extra payment methods that are very different from the already established credit and debit card payments. In this article, we’ll provide the info about the features of the mentioned online gaming payment methods so that everyone interested have simple and reliable information.

Debit and Credit Card Payments

Payments via credit or debit card represent “the gold standard” when it comes to online payments. For multiple individuals, they are a safe option because they have been in the industry for a long time, which further instills a certain kind of trust in people. In addition, since most people have a Mastercard or VISA on hand, players generally use this method when it comes to said payments.

Advantages:

• “Widely accepted by most online casino platforms;
• Familiarity and trust among consumers;
• Instantaneous transactions in most cases;
• Some cards offer rewards or cash-back on purchases;”

Disadvantages:

• “Sensitive financial information is shared with the merchant, which can be a target for hackers if the site isn’t secure;
• Some banks may block gambling-related transactions, especially in countries where online gambling is restricted;
• Transaction fees may apply;
• No anonymity;”

Revoult

Revoult justifies its reputation as one of the revolutionary iGaming payment methods by offering a state-of-the-art solution for money management via mobile. This FinTech company has a reputation as “neobank,” meaning it offers digital money management establishments.

Furthermore, the platform also provides a digital account that has the same capabilities as a prepaid debit card. A few practical features involve:

• digital banking – issuance of the bank account numbers in addition to the IBANs in various countries for clients to send and get money smoothly;
• currency exchange – provides ambitious exchange rates for various currencies;
• crypto – allows clients to purchase, sell and own a range of cryptocurrencies;
• virtual cards – provides single-use virtual cards for clients to shop online, increasing security;
• stock trading – the possibility of buying silver and gold shares in the application.

All this shows how popular Revoult is among clients, which further leads to multiple online casinos allowing players to use it as a payment method for iGaming.

Advantages:

• “Depositing funds: Once you have a Revolut account, you can transfer money into your Revolut account from another bank or load it via debit/credit card. Then, you can use these funds to deposit onto your preferred iGaming platform;
• Using virtual cards: Revolut’s disposable virtual cards add an extra layer of security. After a virtual card is used once, its details are destroyed and a new card is automatically generated for the next transaction. This minimizes the risk of your card details being compromised through an iGaming platform;
• Currency exchange: If you’re playing on an online casino that operates in a different currency, Revolut’s competitive exchange rates can be advantageous. You can convert your money into the required currency before depositing it on the platform;
• Withdrawal: Some iGaming platforms may allow you to withdraw your winnings directly to your Revolut account. This provides a quick way to access and use your funds;
• Spending control: Using the budgeting and analytics tools, you can easily keep track of how much you’re spending on iGaming platforms, helping you manage your gambling habits:
• Security: If you suspect any fraudulent activity, you can instantly freeze your Revolut card from the app, giving you full control.”

Disadvantages:

• “Limited support if something goes wrong;
• It can take a while to receive your physical card;
• Withdrawals often incur a small fee.”

AstroPay

This FinTech firm offers clients a worldwide wallet to use for online payments. However, beside online payments, it also provides physical and virtual cards, as well as mobile money transfer.

Advantages:

• “Provides a prepaid wallet so you can only spend what you load;
• Does not require sharing bank details with the merchant;
• Instant transactions;
• Partnered with ApplePay and GooglePay;
• Zero fees or commissions when making online payments.”

Disadvantages:

• “Need to preload the wallet with funds which can limit spontaneity;
• Not as widely accepted as some other payment methods.”

PayPal

A very popular online payment platform is also a PayPal. It’s very old, has been in the industry for decades and is trusted among clients. Furthemore, it was produced as the first “online payment solution” that allowed clients to send and get money, as well as make online payments, but without having to provide merchants with vulnerable financial info.

Advantages:

• “Trusted and well-known brand;
• Instant transfers;
• Protects sensitive financial information from online casino platforms;
• Buyer protection policies and excellent support.”

Disadvantages:

• “Some casinos and gaming platforms don’t accept PayPal;
• Fees may apply, especially for currency conversion;
• Account suspension or limitation issues have been reported by some users;
• Difficulty connecting local bank accounts to withdraw funds from PayPal if not in the US.”

Skrill

This one represents an “e-wallet” that allows clients to transfer money as well as make online payments, but without the need to disclose any financial info. In addition, multiple online casinos are fine with Skrill as a method when clients decide to deposit and begin withdrawing.

Furthermore, its prepaid card may be used when players make the aforementioned deposits or when they win some amount of money, as well as anyplace where VISA cards are officially accepted.

Advantages:

• “Specifically tailored for online gaming and betting;
• Instantaneous transactions;
• VIP program for frequent users;
• Easily transfer funds from one sportsbook to another.”

Disadvantages:

• “Transaction fees can be high for withdrawals. Skrill charges a flat fee of $5.50 for withdrawals to bank accounts and $2.50 for ATM withdrawals;
• Not as widely trusted as some older, more established payment methods;
• Some reports of account limitations or holds;
• You must ensure you select “gaming” as the purpose for funding your account when you will be using the money for betting or gambling. If you select non-gaming as the purpose, you will be blocked from using those funds at online casinos.”

Bitcoin

As for Bitcoin, since it is a relatively new method, it is not used very often. But online casinos now widely accept it as a form of payment, alongside other cryptocurrencies. Moreover, there are certain “specialized” Bitcoin casinos that are completely focused on digital payments.

Advantages:

• “Decentralized and free from government interference;
• Offers anonymity;
• No transaction chargebacks so there is less risk for online casino merchants.”

Disadvantages:

• “Price volatility can affect the value of holdings, which means even if you win money, its value could deteriorate as the value of Bitcoin fluctuates;
• Not universally accepted;
• Requires understanding of cryptocurrency.”

Paysafecard

Paysafe is the firm behind this particular product. The parent firm provides a prepaid digital card for which is not necessary for clients to have a bank account or credit card in order to trigger it. Additionally, it is globally accepted and highly secure, meaning it offers protection to personal and sensitive financial information when users decide to pay a visit to an online casino. To make a payment, clients use an app that requires a prepaid 16-digit code.

Advantages:

• “Prepaid payment method so you can only spend what you load;
• No need to share personal financial information;
• Accepted at many online casinos.”

Disadvantages:

• “Need to physically purchase a card or a voucher on the app;
• Not suitable for large transactions;
• Cannot use the prepaid card for withdrawals, you will need to withdraw directly into your Paysafecard account.”

Source: “The best iGaming payment methods in 2023 (Revoult and more),”, European Gaming, August 18, 2023

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The award-winning gaming and sports betting technology provider, Digitain, unveiled details regarding a new partnership, allowing it to expand its iGaming payment gateway called Paydrom. Details regarding the new collaboration emerged on Monday and see Paydrom benefit from Bitcashier’s leading cryptocurrency payment options.

Thanks to the new collaboration, the company’s technology will supercharge Digitain’s iGaming payment gateway, further strengthening its presence within the online gambling vertical. Currently, Paydrom offers more than 400 different options for payment and operates within 30 different countries.

The innovative payment solution powers the operations of more than 50 companies, delivering efficiencies related to payments. The unique and innovative payment solution delivers a centralized payment management system that benefits firms operating within different verticals.

The New Deal Is Expected to Bring Benefits to the Duo

Giles Whitby-Smith, Bitcashier’s CEO and co-founder, explained that the latest collaboration is a testament to the popularity of cryptocurrency as a payment method. He pointed out that an increasing demand for such payments is seen not only for the online gambling industry but for other businesses too.

Whitby-Smith spoke about Digitain, acknowledging that the company is focused on delivering best-in-class solutions to companies operating within different sectors. He acknowledged that Digitain is an unquestionable leader within the technology, development and digital gaming verticals. Finally, Whitby-Smith predicted that the new collaboration will bring benefits for the two companies.

“This partnership recognizes the growing importance of cryptocurrency as a form of payment across multiple industries not just iGaming.“

Giles Whitby-Smith, CEO and co-founder of Bitcashier

Arin Andriazian, Paydrom’s chief of product, was similarly excited about the new deal with Bitcashier. He spoke about Bitcashier’s CEO and dedicated team of experts that helped deliver “exceptional digital payments experience, software, and support services.”

Additionally, Andriazian outlined that offering seamless, safe and convenient payment solutions is crucial for any online gambling operator. “They can be viewed as a huge influencer in the product proposition to acquire and retain players to an operator’s gaming brand,” he said. Finally, Andriazian predicted that thanks to the partnership with Bitcashier, Digitain will be able to deliver the best digital payment options to its growing list of partners.

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Thanks to the Multi-Balance Feature, players will be able to enjoy a more convenient banking experience at Online and Crypto Casino platforms that are powered by NuxGame’s solutions. Players will have the opportunity to deposit, play, and withdraw with different currencies without any issues.

New Payment Feature Allows for Seamless In-Game Conversion

The Multi-Balance feature introduces a new In-Game Converter option that lets players enjoy their favorite games with a preferred currency – one that is supported by the operator – even if they deposited in a different currency originally.

This makes for an even more flexible experience that will empower players at all NuxGame casinos and partner operators to make the best decisions about their bankroll and overall funds.

This is just the latest feature to be added to NuxGame’s software, after previously the company introduced a new Loyalty Program integration, helping players find something worthwhile and offering partners the chance to improve their retention rates.

Commenting on this new opportunity, NuxGame COO Denis Kosinsky welcomed the opportunity to see yet another strong technological solution that empowers customers in their everyday game decisions.

“We have empowered players to embrace diverse worlds of gaming across multiple currencies whilst reducing barriers to entry caused by transactional differences,” Kosinsky explained. He added that the new feature will make sure that players and operators use a future-proofed payment gateway that is designed to work with both traditional casinos and cryptocurrency-focused brands.

NuxGame Seeks to Grow Partner List and Introduce More Tech Solutions

NuxGame has been actively looking to make sure that its payment options are on par with player expectations. Recently, the company signed a partnership with CoinPayments to make it so that players have an easier time onboarding with cryptocurrency brands.

Meanwhile, the platform has also been expanding its content, adding titles by Pascal Games and RubyPlay, adding crash and slot games that can be shared with partner operators. NuxGame remains a leading provider of all-around solutions for the iGaming market, as it brings platform, payment, and engagement solutions for operators.

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Longstanding white-label and online gambling solutions provider EveryMatrix has posted record growth for the first quarter of the current year. The Malta and Bucharest-based company with offices, labs, and partner facilities located around the globe posted its best growth in company history since launching in 2011.

All business segments showed significant growth and profitability including Casinos, Sports, and Platform provenance. The company launched its biggest platform migration to date after reinvesting positive cash flow and signing omnichannel deals with significant tier-1 European operators.

The first quarter of the year marked 6 periods in a row of quarterly growth with stunning Year-on-Year growth of 69% and a 21% Quarter-on-Quarter increase in revenues – €23.5 million.

Cost Controls and Growth equal Record Profits

Cost control helped the company achieve historic growth in profits with EBITDA up 119% on the year for the quarter. Its EBITDA/Net Revenue margin kicked up to 45%.

Gross Gaming Revenue (GGR) was up significantly thanks to strong performance from casino partners with results clocking in nearly 80% stronger than during the same quarter in 2022. EveryMatrix casino business unit generated €374m, while sports contributed to a more than 200% year-on-year increase in that sector.

The company expects continued growth to show throughout the year with large deals signed in 2022 coming to fruition on the balance sheet. BetatHome and The Hungarian Lottery numbers should begin to move the bar in Q3 and Q4 this year.

Group CEO of EveryMatrix, Ebbe Groes 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.”

Gonzalo De Osma Bucero Appointed CFO

Even with such a phenomenal performance, the company has replaced its former Chief Financial Officer, former William Hill US CFO Mark McMillan after about a year and a half in the position with industry veteran Gonzalo De Osma Bucero. The newly minted EveryMatrix moneyman comes on following a career of more than a decade and a half with Codere, one of Europe’s most successful and largest publicly traded online and land-based operators. The CFO handled business for Codere in Spain, Mexico, and Malta.

His accomplishments with Codere include overseeing 90 land-based casinos in Mexico, a horse race track, and the largest expo center in Latin America. His work there included procuring the company’s biggest loan in Mexico – getting the company through the Pandemic, and putting ink to a merger/SPAC agreement that put the online division on the NASDAQ stock exchange in the United States.

Gonzalo De Osma Bucero will divide his time between legal and compliance teams in Malta and Bucharest, Romania where the finance team is located in the company’s headquarters.

Returning to EveryMatrix’s accomplishments and milestones in the first quarter of 2023 we find the following pe the company’s press release:

• Received MGA (Malta) and Greece license approval for new jackpot gamification product JackpotEngine
• 35 new contracts signed in eight different jurisdictions including three turnkey clients
• 14 new affiliate platform deals were signed compared to eight in Q1 2022
• 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

In addition, EveryMatrix delivered nine new payment integrations to its partners and landed its fifth license in a US gambling state in Connecticut adding to regulatory arrangements in Michigan, New Jersey, and West Virginia as well as Ontario, Canada. Also in the US, the company signed with betParx to provide content in the northeast.

Source: EveryMatrix delivers record growth, EveryMatrix News, MAY 4, 2023

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