{"id":235619,"date":"2022-10-05T08:56:26","date_gmt":"2022-10-05T13:56:26","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=235619"},"modified":"2022-10-05T10:49:43","modified_gmt":"2022-10-05T15:49:43","slug":"everymatrix-pushes-oddsmatrix-sports-betting-platform-above-the-1b-mark","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/everymatrix-pushes-oddsmatrix-sports-betting-platform-above-the-1b-mark\/","title":{"rendered":"EveryMatrix Pushes OddsMatrix Sports Betting Platform Above $1B Mark"},"content":{"rendered":"

OddsMatrix is turning out to be a moneymaker for EveryMatrix. The B2B gaming software company’s sports betting solution just broke \u20ac1 billion (US$990.8 million) in turnover for the year, and there are still almost three months to go.<\/p>\n

\"EveryMatrix
EveryMatrix CEO Ebbe Groes smiles in a company photo. He has a lot of reason to smile, as the gaming company’s BetMatrix sports betting solution is passing \u20ac1 billion in turnover for the second consecutive year. (Image: EveryMatrix)<\/figcaption><\/figure>\n

To put the results in perspective, EveryMatrix took all of 2021 to reach the same mark. August and September were banner months, resulting in turnover that was double the amounts a year ago.<\/p>\n

New partnerships the company recently secured are now launching as well. This means EveryMatrix should likely see even better results by this time next year.<\/p>\n

Continuing Solid Results<\/h2>\n

The performance of OddsMatrix follows the continued growth EveryMatrix has seen this year. Its gross profit increased across all business segments in the second quarter. It added 17% year-over-year to reach \u20ac14.9 million (US$14.8 million).<\/p>\n

\n

OddsMatrix provides a single set of tools to operators looking to quickly launch a sports betting solution. It’s completely customizable, while at the same time, offering the necessary equipment to remain compliant in multiple jurisdictions.<\/p>\n<\/div>\n

The current regulatory landscape in Germany<\/a> hindered growth, EveryMatrix explained in its financial update. However, it still managed to increase the gross profits of its casino segment by 11%.<\/p>\n

Net cash grew from \u20ac11.1 million (US$11 million) at the end of the first quarter of 2022 to \u20ac15.2 million (US$15.1 million) in the second quarter. The continued financial improvements have allowed the company to expand, making additional investments in the US.<\/strong><\/p>\n

EBITDA (earnings before interest, taxes, depreciation, and amortization) reached \u20ac5.2 million (US5.18 million). The EBITDA-to-gross profit margin was 35%, the same as last year.<\/p>\n

Global Expansion Driving Success<\/h2>\n

EveryMatrix acquired Leapbit<\/a>, a retail-focused, B2B sports betting solution, this past May. In addition, EveryMatrix and Intralot are delivering a new online gaming solution to Morocco.<\/p>\n

The companies partnered with Morocco’s state-run gaming operator MDJS (La Marocaine des Jeux & des Sports en Ligne). They signed the partnership in April before introducing MDJSJeux.ma on September 6.<\/strong><\/p>\n

EveryMatrix is providing its OddsMatrix, GamMatrix player account management (PAM), and additional content, such as Intralot lottery games, virtual sports, and instant games. The company also manages Know-Your-Customer (KYC) and payments through its platform solution. In addition, it supports MDJS’ marketing and operational activity through its Managed Services division.<\/p>\n

\n

In July, EveryMatrix partnered with gaming operator Bet-At-Home. This arrangement includes the delivery of a complete turnkey gaming solution, replacing Bet-At-Home’s in-house platform.<\/p>\n<\/div>\n

The deal covers all markets where the company has a presence, though the success of the relationship will depend on a few factors. Bet-At-Home has run into<\/a> some issues this year that could significantly reduce its operational strength.<\/p>\n

Just a few days ago, EveryMatrix announced its latest deal. It received a tender to supply Finland’s Veikkaus with new casino content. The agreement will run for six years, though it’s possible that Veikkaus may not have a monopoly<\/a> by then.<\/p>\n","protected":false},"excerpt":{"rendered":"

OddsMatrix is turning out to be a moneymaker for EveryMatrix. The B2B gaming software company’s sports betting solution just broke \u20ac1 billion (US$990.8 million) in turnover for the year, and there are still almost three months to go. To put the results in perspective, EveryMatrix took all of 2021 to reach the same mark. August […]<\/p>\n","protected":false},"author":64,"featured_media":235618,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[10,33810],"tags":[82205,13720,80968],"acf":[],"yoast_head":"\nEveryMatrix Pushes OddsMatrix Sports Betting Platform Above $1B Mark - Casino.org<\/title>\n<meta name=\"description\" content=\"OddsMatrix is turning out to be a moneymaker for EveryMatrix. 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