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Swifty Global Gets Swifty Gaming Off to a Flying Start and Updates its Annual Revenue Target

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Swifty Global's New Innovative B2B Gaming Platform Undergoes GLI Certification

 

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.”

Compliance Updates

Intralot informs the investment community about the withdrawal of the Maryland contract award Augu

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Intralot S.A. informs the investment community that the Maryland State Lottery and Gaming Control Agency (USA), despite an initially favorable recommendation, has ultimately rejected the bid submitted by its subsidiary, Intralot, Inc., for the award of a contract for a new Central Lottery Monitoring and Control System in the State. The rejection was based on the alleged failure to meet the minimum required percentage of subcontracting to local subcontractors.

This decision comes as a great surprise, especially considering that Intralot, Inc. had allocated a significantly higher percentage of the project to local subcontractors than the minimum required.

Moreover, the company had provided the Commission with very detailed clarifications, and the Commission was fully aware of the identity and role of these subcontractors. In fact, the Commission innitially ruled that all participants in the bidding process complied with the requirements of the relevant RFP — something the Commission itself acknowledges.

The Company reserves all its legal rights and intends to pursue every legal remedy available to protect the interests of its shareholders. The bid submitted by Intralot, Inc. is technically sound and by far the most financially advantageous, significantly outperforming the second-best offer. Should it not be accepted, the State of Maryland stands to lose a substantial financial benefit.

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Andres Troelsen has been appointed EGT Digital’s Regional Sales Director iGaming for LATAM

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Andres Troelsen has been appointed EGT Digital's Regional Sales Director iGaming for LATAM

 

EGT Digital is pleased to announce that Andres Troelsen has joined the company’s team. Effective from 01 August, he takes on the position of Regional Sales Director iGaming for the LATAM region.

Mr. Troelsen holds a degree in Business Administration and Management from the prestigious Universidad de Palermo in Buenos Aires. He brings business experience with a strong focus on the gaming sector, most recently serving as Commercial Director LATAM at Belatra. Earlier in his career, he held leadership roles across diverse sectors, including winemaking, shipbuilding, legal services, media, and entertainment. Throughout his career, he has consistently delivered strong results, significantly enhancing company performance and helping position those organizations among the leaders in their respective industries.

“I am happy that EGT Digital is giving me this opportunity,” said Mr. Troelsen. “It will be a challenge for me to further increase the brand’s presence in a highly competitive region such as Latin America. I believe that I will successfully cope with the task thanks to my extensive experience in the gaming industry and deep relationships with key operators throughout the local markets. Adding to this the fact that the company’s innovative developments already have an excellent reputation as high-quality solutions able to satisfy the tastes of every type of player, I am confident that we will very quickly position EGT Digital as a top-tier player in LATAM.

Nadia Popova, Chief Revenue Officer and Vice President Sales & Marketing at EGT, also expressed her positive expectations regarding the appointment: “Latin America holds enormous potential for our products, which makes it a region of strategic importance for EGT Digital. Andres Troelsen is the ideal choice, with the skills and leadership needed to achieve our ambitious goals.”

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ACR POKER INJECTS DAILY DOSE OF THRILL INTO TOURNAMENT SCHEDULE WITH LAUNCH OF DAILY MYSTERY BOUNTY EVENTS

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Monster top bounty of 10% of the total prize pool up for grabs starting this weekend

ACR Poker today announced the addition of Daily Mystery Bounty events to its tournament lineup starting this Sunday, August 3rd, delivering unmatched entertainment, thrilling action, and big wins to the tables.

Daily Mystery Bounty tournaments turn traditional bounty formats on their head. Once players are in the money, instead of receiving a fixed reward for eliminating an opponent, players receive a Mystery Bounty Chest revealing a mystery reward, with the top bounty prize being 10% of the total prize pool.

“Mystery Bounties are just pure fun,” said ACR Pro Chris Moneymaker. “You never know what you’re going to get when you knock someone out, it could be some random treasure or a monster bounty that flips your whole tournament. With same-day events, fast action and bounty madness on your daily calendar, it keeps the adrenaline going and makes every hand way more exciting.”

The Daily Mystery Bounty schedule features a range of tourneys and buy-ins, with highlights including the $250K GTD Sunday Funday ($215 buy-in), the $150K GTD Major Mash Up ($66 buy-in), and the $100K GTD Moorman’s Mayhem ($630 buy-in). Starting this Sunday, players can log into the ACR Poker client, open the Tournaments tab, and find the full lineup of Daily Mystery Bounty events in the regular schedule under upcoming events.

And don’t forget, the Mystery Bounty madness continues in ACR Poker’s massive Dual Venom tournaments taking place from Sunday, August 10th to Tuesday, August 26th. Not only are the $2,650 buy-in tourneys offering huge guarantees of $8 million in the NHL event and $2 million in the PLO event, but there are massive bounties on the table for those who knock out their competitors.

In the Venom NLH, eliminating just one opponent could earn a player the top bounty prize of $500,000. While in the Venom PLO, which ties ACR Poker’s biggest Omaha tourney ever, there’s a juicy $200,000 bounty for the taking. And that’s not all, every knockout in both tourneys earns players a minimum bounty of at least $5,000.

For full details about the Daily Mystery Bounty tournaments or to find out more about the Dual Mystery Bounty Venoms, visit ACRPoker.eu.

 

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