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EveryMatrix set for another standout year with strong Q1 performance

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EveryMatrix has kicked off 2025 with powerful momentum, reporting a standout first quarter of exceptional revenue growth and profitability.

The tier-1 iGaming technology platform supplier delivered a very strong first quarter performance, with net revenue reaching €54 million, up 39% Year-on-Year (YoY), and EBITDA increasing to €28m, up 27% YoY, driven by strong growth from existing clients and innovative product launches.

EBITDA margin reached 52%, making it the eighth consecutive quarter above 50%, as the company continues to scale its platform and casino content technologies while maintaining strong financial discipline.

The last twelve months’ EBITDA reached €107m, up 50% YoY, building on 2024’s milestone achievement of surpassing €100 million in annual EBITDA.

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Q1 MILESTONES SIGNAL POWERHOUSE YEAR AHEAD

A highlight of the first quarter was the successful migration of Bet600 – the first full turnkey FSB Technologies customer in the UK – to the EveryMatrix platform. The company aim remains to have all clients fully migrated in 2025 thereby realizing large cost synergies from this key acquisition.

EveryMatrix launched its cutting-edge proprietary Horse Racing solution by combining FSB’s proven knowledge and experience in Horse Racing with the innovation of OddsMatrix development teams. It provides global horse racing coverage with 10k+ monthly events, full system bets offering with bonusing capabilities and configurations and a purpose-built Horse Racing front end with rich Racecard content & live streaming integrations among some of the features.

A landmark deal was signed to deliver a full casino turnkey platform solution to SkyCity Entertainment Group.  SkyCity is one of New Zealand’s largest entertainment companies owning five land-based casinos across both NZ and Australia and the online casino brand SkyCitycasino.com. SkyCity migrates from their current provider to EveryMatrix later this year.

SPORTS SURGE AND STRONG CASINO & PLATFORM GROWTH

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Q1 2025 saw the company’s sports division deliver exceptional growth, with quarterly sports turnover rising 30% YoY to €1.7b, while GGR climbing 60% YoY to €154m on the back of continued strong trading margins. The last twelve months (LTM) turnover hit €6.3b, reflecting a 48% YoY increase, with GGR rising by 92% YoY to €505m. Part of the growth came from reaching a record number of nearly 600,000 live events, a 24% YoY increase.

Casino experienced the strongest quarterly financial results to date, with net revenue climbing to €28.6m, up 44% YoY, while EBITDA reached €16.8m, up 29% YoY. Casino GGR reached €753m, a 22% YoY increase, with the LTM reaching €2.9b, a 38% YoY increase.

GamMatrix, the company’s Gaming and Player Account Management Platform, experienced a net revenue increase of €8.6m, up 18% YoY, while EBITDA landed at €2.4m, a 23% decrease YoY. The decrease in EBITDA margin is related to a change in internal revenue allocation.

Ebbe Groes, Group CEO of EveryMatrix, said: “I’m very excited for 2025. Q1 was a solid quarter, a great start, and the rest of the year looks just as promising. We had a phenomenal year in 2024, which will be hard to beat, but thanks to the momentum we’ve set in motion during the last few years, I’m sure we’ll be able to do it.

“Our sports division never ceases to amaze me, breaking record after record. This quarter, we managed to reach 600,000 live events, all thanks to our ability to expand our coverage and add new products and features even while experiencing this much continuous growth.”

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Q1 2025 HIGHLIGHTS

  • Reached net revenue of €54m, up 39% YoY, with EBITDA at €28m, up 27% YoY, driven primarily by strong growth from existing clients.
  • EBITDA margin reached 52%. Last twelve months’ EBITDA reached €107m, up 50% YoY.
  • Migrated Bet600 from FSB to EveryMatrix platform, the company’s first such migration.
  • OddsMatrix’s brand new Horse Racing product went live with this launch.
  • Signed New Zealand’s SkyCity Entertainment Group to deliver a full casino turnkey platform solution.
  • First three dedicated blackjack tables went live, another step up for the business’ PlayMatrix live dealer product.
  • Launched OddsMatrix feeds for LeoVegas Group to enhance their global sportsbook offering.
  • Won Norsk Tipping’s Casino and eInstant RFP, the largest-ever SlotMatrix deal, delivering aggregation, in-house and bespoke content.
  • Launched SlotMatrix casino content with Caesars Entertainment across five U.S. states, expanding U.S. presence (post-quarter).
  • Introduced New Odds Models for Football and Handball and enhanced retail Self Service Betting Terminals (SSBTs).
  • Introduced real-time Rakeback through LoyalityEngine, the company’s Newly Launched Cross-Vertical Loyalty Program.
  • Integrated 14 new casino vendors, now totalling 185+ and 345+ content providers.
  • Signed 20 new PartnerMatrix clients.

 

Read the full Q1 2025 Update on EveryMatrix.com 

The post EveryMatrix set for another standout year with strong Q1 performance appeared first on European Gaming Industry News.

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Relax Gaming agrees Powered By Relax partnership with Playnetic

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Relax Gaming, the iGaming aggregator and supplier of unique content, has signed a Powered By Relax deal with dynamic B2B provider Playnetic.

The partnership sees Relax Gaming integrate Playnetic’s extensive portfolio of titles into its industry-leading aggregation platform, enabling operators across global markets to access a library of immersive, high-quality content.

Playnetic operates with a core philosophy of building competitive, cutting-edge games that deliver a fully immersive entertainment experience. With three in-house studios and a robust roadmap of translated and tested titles, the company is known for its commitment to consistency, reliable delivery, and creating engaging content tailored to localised markets and player preferences.

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With a focus on mobile, tablet and desktop play, and content available in multiple RTP variants, Playnetic’s offering empowers partners to reach the broadest possible player base.

This latest partnership underscores Relax Gaming’s commitment to offering flexible, global-ready content from studios that are shaping the future of online casino.

Jennifer Buttigieg, Head of Commercial Aggregation at Relax Gaming, said: “The addition of Playnetic to our Powered By Relax programme is a hugely exciting move. In a short period of time, they’ve grown into a studio to watch, with a diverse range of content and a proven ability to deliver engaging, market-ready games. Their global outlook and dedication to reliable, high-quality releases make them a perfect fit for our platform.”

Julian Borg-Barthet, Chief Commercial Officer at Playnetic, added: “This new partnership with Relax is a significant step forward for Playnetic in growing the global reach of our content portfolio. We’re excited to be collaborating with Relax, who are known for the seamless operations and professionalism with their partners. We are looking forward to working with multiple partners that are equally excited by this deal, enabling them to access our vast library of games as well as our forthcoming roadmap.”

The post Relax Gaming agrees Powered By Relax partnership with Playnetic appeared first on European Gaming Industry News.

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Peter & Sons Launches Top Titles on NinjaCasino.se

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Content deal expands reach in Nordics and Baltics

Award-winning game studio Peter & Sons has bolstered its presence in the Nordics and Baltics via an eye-catching new content deal with Entain-owned NinjaCasino.se, a leading online casino brand in the region.

Peter & Sons’ unique and highly inventive portfolio of weird and wonderful slots is now live on NinjaCasino.se, including player favorites such Barbarossa Revenge, Ghostfather – Awakened, Boom Farm, Gunpowder, Wild Duel, Xibalba, Blood Club, Epic Hellas, Mutagenes, Evil Devil, Dungeon Tower & Potion Power.

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Known for their hand-drawn animation style, original cinematic soundtracks, and unique gameplay mechanics, Peter & Sons’ games are some of the most strikingly original on the market today.

With an unwavering commitment to the “anti-boring,” the Maverick Barcelona-based studio builds games that dare to be different, with an emphasis on storytelling, audio-visual excellence and pure playability.

This milestone marks a significant step in Peter & Sons’ European growth strategy and further strengthens its relationship with Entain. The studio continues to expand its reach across regulated markets via strategic partnerships with tier-one operators.

Yann Bautista, Commercial Director and Founder at Peter & Sons said: “We’ve always strived to craft games that stand out not just visually, but in how they play and engage. Ninja Casino has always had a cool, edgy vibe, and that fits our style. This partnership gives us a fantastic opportunity to connect with a new audience that we believe will really appreciate what we do.”

Andreas Larsson, Casino Manager at Ninja Casino said: “We are always looking to enrich our games lobby with content that delivers something different. Peter & Sons is a studio we’ve admired from afar for some time. Their distinctive visual style, innovative game mechanics, and consistent production quality make them a standout developer in today’s crowded market.”

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Xace Appoints Megan Easey as Chief Executive Officer

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Xace, the leading alternative banking provider for iGaming, fintech, and high-growth digital sectors, is proud to announce the appointment of Megan Easey as Chief Executive Officer.

With more than two decades of leadership across iGaming, FinTech, and Banking, Megan brings a rare mix of operational rigour, strategic vision, and high-growth execution to the helm of Xace. Her appointment marks a new chapter for the business as it scales its presence across Europe and accelerates product innovation for regulated and high-risk industries.

“Megan is the perfect fit for Xace,” said David Hodkinson, Co-Founder of Xace.

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“She’s a proven operator with deep domain expertise and a reputation for building high-performance teams that thrive in complexity. Her energy, clarity, and bias for action are exactly what we need as we enter our next stage of growth.”

Megan’s global career spans both startup and scale-up environments, where she has consistently delivered results in high-stakes, regulated markets. From streamlining operations and driving international expansion to building robust compliance frameworks, she’s known for turning ambitious visions into tangible outcomes.

“As someone who loves tackling operational complexity and scaling bold businesses, Xace feels like home,” said Megan. “It’s a brand with an incredible foundation, a clear purpose, and massive potential. I’m excited to work with the team to elevate our product, deepen client trust, and push the boundaries of what’s possible in alternative banking.”

Known for her keynote speaking and frequent contributions to industry panels, Megan brings not only experience but influence. Her leadership style is hands-on, collaborative, and driven by purpose. All qualities that align perfectly with Xace’s mission to remove banking barriers for businesses operating against the odds.

The post Xace Appoints Megan Easey as Chief Executive Officer appeared first on European Gaming Industry News.

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