Press Releases
Digital Gaming Entrepreneur Donates Half A Million To Local Hospital
Simon Wilson – the owner of a West Midlands Digital Technology company ‘InTouch Games’ has announced a £500K donation to his local NHS Trust to support staff fighting COVID-19 calling for other successful businesses to pitch in.
The funds will be used to support frontline staff at Russells Hall Hospital; part of the Dudley Group NHS Foundation Trust. The grant will be spent on purchasing necessary equipment to aid staff in providing care to those affected by COVID-19.
As well as the donation of money; InTouch games have also offered technical services to the Trust.
CEO of InTouch Games Simon Wilson was born and raised in Cradley Heath and built the now globally successful business with his wife from their home town of Stourbridge. The company employs over 400 people from its headquarters in Halesowen and continues to grow national and international presence.
Simon Stated: “This current crisis is unprecedented; But it’s during these times that we really need to step in and support our National Health Service”
“The staff of Russell’s Hall have been there for my family for generations. It’s our chance to to be there for them; in any way we can, during this difficult time.”
Dame Yve Buckland, Chair of The Dudley Group said: “We are delighted that Simon has made the decision to support The Dudley Group in this way. It is such a generous donation and we will ensure it is put to good use.”
Diane Wake CEO added “This is a fantastic donation and we will engage our clinical teams in deciding what equipment they need the most to ensure the money is put to best use for staff and patients. We have been overwhelmed by the generosity of our local communities and this is a great addition to the kind fundraising, well wishes and donations we have received.”
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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 Companyâs ability to pursue strategic growth initiatives.
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Meridianbet Strong Growth Continues: Meridianbetâs 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 Matrixâs market reach and contributing to overall profitability.
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Mexplay Growth: Mexplay, the Companyâs 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 Holdâem on November 3 when he was dealt a Royal Flush of diamonds, winning $961,428.50.
âWhat an incredible way to kick off the holidays,â said Alex Alvarado, MGM National Harborâs Vice President of Casino Operations. âWe 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.â
Latest News
Stretch Network Partners with Vivaro.US to Enhance Poker Offerings
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 Networkâs commitment to expanding its reach in the growing digital market.
Ruslan Bangert, Head of Stretch Network, expressed his enthusiasm for the partnership, stating, âWeâre 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, âThis collaboration with Stretch Network enables us to elevate our poker offerings and provide an even more immersive and secure environment for our players.â
âOur partnership with Stretch Network represents an important step in enhancing our poker capabilities and strengthening our platformâs offerings,â 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 Networkâs ability to adapt and grow in a competitive digital entertainment market.
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