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Swifty Global Gets Swifty Gaming Off to a Flying Start and Updates its Annual Revenue Target
Dear Cashmere Holding Company (OTC: DRCR), known as Swifty Global (Swifty), is a technology company focused on creating groundbreaking solutions in the Fintech and Sports Betting Sectors. The company has already developed and launched two disruptive mobile applications (apps) for sports predictions in the United Kingdom (UK) and a global digital wallet which encompasses Artificial Intelligence (AI) and Cryptocurrency/Blockchain Transactions.
Swifty has successfully launched Swifty Gaming which has been well received by our growing international client base. We are now moving to expand our international markets and grow our client numbers exponentially. During the month of September, Swifty Gaming generated $3.5 million revenue; this is a small percentage of our current network client database. Swifty forecasts to double its monthly revenue to $7 million by December 2022. The onboarding process is labour intensive, but we are expanding the team and are onboarding as many users as quickly as possible. Under the company’s highly regulated gambling licenses, the onboarding of these clients involves KYC (Know Your Customer) and AML (Anti Money Laundering) verification before verifying and setting up their accounts.
Following a stronger than anticipated uptake and the bullish outlook of its client base, in conjunction with upcoming major sporting events such as Cricket World Cup and FIFA World Cup (Soccer), the company has updated its short- and medium-term outlook. Swifty anticipates delivering an annual revenue run rate of $75 to $100 million and in the medium- to long-term; the company anticipates reaching a billion dollars in annual revenue within the next few years through both organic and acquisition growth.
Swifty primarily develops its own certified software in-house and other than the live sporting data feeds, the company relies on very little software development outsourcing. Therefore, management believes that the company can operate at a significantly leaner cost base than the market average. This presents the opportunity for Swifty to invest heavily in marketing of its Swifty Predictions betting application (swipe based) over the next 12 months given that Swifty’s Gaming division is generating exceptional revenue off the back of an extremely lean cost base.
Having nearly completed its soft launch of Swifty Predictions, a swipe based low value high frequency sports betting application in the UK market, the company has also developed Artificial Intelligence (AI) capability which helps deliver the events a user may want to participate in and presents a series of targeted betting cards to the user. Offering betting in all major sports and competitions, the user can swipe right in order to place a bet in a matter of seconds or swipe left to skip to the next bet. Betting amounts are controlled by the user but are typically between $1 and $10. This means users can merely view a betting card and decide if they want to place the bet on a particular outcome or event.
Swifty is preparing for its global roll out of the Swifty Predictions app, with an aggressive rollout in the UK commencing from the beginning of October. This will be followed by a global rollout plan in 2023. Swifty’s growth strategy is highly scalable in a relatively short period of time, with the Swifty Predictions app expanding horizontally through a wide spectrum of individual users across a large geographic area giving them high frequency, low risk betting access to a wide range of popular sports. In contrast, the Swifty Gaming business is very niche, growing vertically with a more select international clientele. The Swifty Gaming business is bolstered by a highly experienced gambling team with more than 150 years combined experience.
The unique offering of the Swifty Predictions app and its proprietary technology could alone achieve a commercial valuation of several hundred million dollars in the near future and potentially over a billion dollars within three to five years.
Swifty Global CEO, James Gibbons, commented: “The company is now perfectly placed for its expansive growth plans, with a strong, highly experienced team and revolutionary certified software. Added to this, we are also excited about the upcoming submittal of our documentation in order to become fully reporting and to change our ticker and company name change from Dear Cashmere in the coming month.”
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Gambling in the USA
Clark County residents can bring a friend for free to next week’s Super Bingo $160,000 tournament at the Plaza Hotel & Casino, May 6-8
Home to downtown Las Vegas’ only bingo room, the Plaza Hotel & Casino is offering Clark County, Nevada residents who register to play in next week’s Super Bingo tournament the opportunity to bring a friend for free.
Happening Monday, May 6 through Wednesday, May 8 in the Plaza’s expansive ballroom, Super Bingo is expected to draw nearly 1,000 people from the local Las Vegas valley and across the country and Canada for the opportunity to win big playing fun-filled games of bingo over two days, with a $50,000 super coverall both days while socializing with like-minded bingo players.
Bingo-only registration is $160 per person, and Clark County residents who register can bring a friend for free. Registration is available online at https://www.plazahotelcasino.com/bingo/super-bingo-registration/. Hotel-and-bingo packages start at $300 for a four-night stay with no resort fee.
All Super Bingo players receive one 6-on paper pack for both days, two daubers, free drinks via an open bar at all sessions, boxed lunch both days, and $10 in free slot play after the first day’s session.
The Plaza’s Bingo room offers six daily bingo sessions at 11 a.m., 1 p.m., 3 p.m., 5 p.m., 7 p.m. and 9 p.m. and is located on the 3rd floor. By parking on the third floor of the Plaza’s self-parking garage, guests have convenient and direct access to the Plaza’s bingo room and parking is validated for bingo players.
Gambling in the USA
Kambi Group plc extends Mohegan partnership with on-property sports betting agreement in Pennsylvania
Kambi Group plc (“Kambi”), the world’s trusted sports betting partner, has agreed a long-term on-property sportsbook partnership with Mohegan to provide its award-winning sportsbook at two retail locations in the state of Pennsylvania.
The partnership will see Mohegan utilise Kambi’s cutting-edge retail sportsbook offering across more than 20 kiosks in sportsbook locations at Mohegan Pennsylvania and Mohegan Pennsylvania at Lehigh Valley Race and Sportsbook.
The deal further strengthens Kambi’s relationship with Mohegan, which already utilises Kambi’s suite of sports betting products at ilani in Washington, as well as online and on-property in the Canadian province of Ontario at Fallsview Casino Resort and Casino Niagara.
Kristian Nylén, Kambi CEO and Co-founder, said: “With several successful partnerships with Mohegan already in place, we are pleased to agree this new partnership as we continue to build on our strong relationship.
“This latest deal further reinforces Kambi’s position as the sportsbook provider of choice for tribes across North America, and we look forward to our ongoing collaboration with Mohegan.”
Tony Carlucci, President & GM of Mohegan Pennsylvania, said: “Mohegan Pennsylvania is excited to continue utilising the same Kambi technology platform that existed under our Kindred partnership, which will help to create a seamless process as the Sportsbook at Mohegan Pennsylvania fully rebrands later this Spring.”
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