Daily Archives: November 7, 2023

EveryMatrix winning streak continues as casino record broken again in Q3

EveryMatrix generated record net revenue in its latest trading period with huge gains across both its casino and sports verticals.

EveryMatrix saw revenue up 79% year-on-year to €60m ($64.2m/£52.1m) during the three months to 30 September. Net revenue reached a record €27.2m, which was up 62%, and with a three-year CAGR of 47%.

The technology supplier’s success was driven by strong growth across business segments. It was yet another record quarter for casino, with operator clients generating €463m in gross gaming revenue (GGR), up 77%. Sports turnover surged by 85% to €810m, and GGR increased by 26%. This is despite headwind from exchange rate effects, sports results and increased odds promotion from its large clients.

This is the third consecutive quarter with organic net revenue growth above 50%.

EveryMatrix sees strong growth across verticals

Casino set a successive quarterly record with net revenue of €13.3m, up 74% and, on a quarter-by-quarter basis, 6%. EveryMatrix introduce..

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BHA aims to slow decline on British horseracing betting

The British Horseracing Authority (BHA) has set out a series of changes for its 2024 fixture list, including amending how events are run, to slow what it says has been a decline in betting on British races.

Published last month, the BHA 2024 fixture list includes 170 “Premier Racedays” with higher prize money and more star horses. The BHA has also committed to investment to improve Sunday racing and increase competitiveness across the fixture list.

The plans are the first phase of a new long-term industry strategy, with changes to run for a two-year trial. The Horserace Betting Levy Board (HBLB) will support the plans by providing an additional £3.8m (€4.4m/$4.7m) in funding.

Part of the reason for these changes, the BHA says, is to support the betting side of racing.

Switching Saturday fixtures and new Sunday betting session

The organisation has set out three primary, betting-related targets for the upcoming 2024 season. The first of these is to improve the performance of Saturd..

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