Latest News
Gaming Technologies and Ortiz Gaming Announce Deal for Online Bingo Games in Mexico and Latin and South America
Gaming Technologies Inc., a software platform provider and owner of the Mexico-based interactive regulated online casino and sports betting and gaming brand www.Vale.mx, has announced an ongoing software partnership with Ortiz Gaming to supply Gametech with some of the world’s best online Bingo gaming content. The deal will initially cover Mexico with plans to expand to other parts of Latin & South America.
“Ortiz Gaming is one of the leading bingo game brands in the world. We are both excited and proud to be working together with Gametech on its Vale.mx brand, a solid trademark in the gaming world. The site has been very well designed and meets the requirements of Mexico’s enthusiastic online bingo players. We love the site and are very excited about the sponsorship of Canelo Alvarez, who is the biggest star in the country. We believe Ortiz is an excellent addition to the Vale.mx game library,” Felipe de Freitas, Global Head of Business and Operations at Ortiz Gaming, said.
“This deal with Ortiz underpins our strategy to have the best and most popular localised game content on our platform. Importantly, many of the Ortiz mobile casino games are replicas of Ortiz’ popular land-based casino games in Mexico and Latin & South America. We looking to a long and mutually beneficial relationship with the Ortiz team,” Jason Drummond, founder and CEO of Gametech, said.
Gametech partnered with Big Bola Casinos, one of Mexico’s largest licensed land-based casinos, under Big Bola’s existing SEGOB license to launch Vale.mx in Mexico in March 2021. Big Bola is one of only 14 operators legally authorized to offer legal betting and online casino services in Mexico.
Vale.mx has many of the best new online premium casino games available, which can be enjoyed on mobile or via desktop. Vale.mx has surpassed more than 85,000 registered players and player registrations continue to increase by approximately 1000 per day.
Latest News
Golden Matrix Group Inc. Reports Strong Q3 2024 Earnings and Continued Operational Growth
-
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.
-
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.
-
AEBITDA: Adjusted EBITDA for Q3 reached $4.3 million, reflecting resilient performance across multiple revenue channels with marginal impacts from currency fluctuations across subsidiaries.
-
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 Company’s ability to pursue strategic growth initiatives.
-
Meridianbet Strong Growth Continues: Meridianbet’s 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.
-
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.
-
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 Matrix’s market reach and contributing to overall profitability.
-
Mexplay Growth: Mexplay, the Company’s 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.
Latest News
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 Hold’em on November 3 when he was dealt a Royal Flush of diamonds, winning $961,428.50.
“What an incredible way to kick off the holidays,” said Alex Alvarado, MGM National Harbor’s Vice President of Casino Operations. “We 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.”
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 Network’s commitment to expanding its reach in the growing digital market.
Ruslan Bangert, Head of Stretch Network, expressed his enthusiasm for the partnership, stating, “We’re 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, “This collaboration with Stretch Network enables us to elevate our poker offerings and provide an even more immersive and secure environment for our players.”
“Our partnership with Stretch Network represents an important step in enhancing our poker capabilities and strengthening our platform’s offerings,” 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 Network’s ability to adapt and grow in a competitive digital entertainment market.
-
Compliance Updates6 days ago
Internet Vikings Ready to Support Missouri Sports Betting Market
-
awards7 days ago
Rush Street Interactive Named Casino Operator of the Year at 2024 SBC Latinoamérica Awards
-
Latest News5 days ago
Great River Entertainment Converts from Viz Explorer to Quick Custom Intelligence’s (QCI) Enterprise Platform
-
Industry News7 days ago
SOFTSWISS Wins SBC Latinoamérica Award for Help Brazil Initiative
-
awards5 days ago
Vibra Gaming win double awards at SBC LatAm 2024 – “Bingo & Lottery Supplier of the Year” AND silver for “Casino & iGaming Supplier”
-
Canada6 days ago
INTRALOT Announces New Project with the British Columbia Lottery Corporation for Online Lottery Platform
-
Latest News7 days ago
MGM Resorts Teams with USO and American Airlines for 14th Annual Salute to the Troops at Mandalay Bay
-
Gambling in the USA2 days ago
Wind Creek Chicago Southland to Open to the Public on November 11