Latest News
Novig Launches First Prediction Market for Sports Nationally
Novig has launched the first prediction market for sports in 42 states and Washington D.C. under the sweepstakes regulatory framework.
Novig offers two modes: Novig Coins and Novig Cash. Novig Coins are used to play for fun and test new trading strategies, whereas Novig Cash can be played to redeem real cash prizes.
The full platform is available to users in 42 states: Alaska, Arizona, Arkansas, California, Connecticut, Delaware, Florida, Georgia, Hawaii, Illinois, Indiana, Iowa, Kansas, Kentucky, Maine, Maryland, Massachusetts, Minnesota, Mississippi, Missouri, Nebraska, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, and Wyoming, as well as Washington D.C. Users must be 21 or older to sign up and play for real money rewards.
âPlayers are fed up with having to play on apps where the house always wins and the odds are stacked against them. On Novig, 43% of users are profitable â compared to an industry average of 3% â and weâre the first app to offer a commission-free sports prediction market. We were overwhelmed by how well we did in Colorado, and we’re beyond excited to now be able to offer our revolutionary app to sports fans nationwide,â said Jacob Fortinsky, Co-Founder and CEO of Novig.
The company announced last year that they had completed a seed funding round of $6.4 million from prominent investors including Lux Capital, Y Combinator, Paul Graham, Joe Montana, CapitalX, Soma Capital, Palm Drive Capital, Archon Capital, TRAC, Rebel Fund, Maiora Ventures, True Culture Fund, and many others.
Novig is available on iOS. The platform currently offers moneyline, spread, total markets, and player props in NFL, NBA, WNBA, NCAAF, NCAAB, and MLB. In the coming months, it plans to expand its offering to include parlays, SGPs, futures, more sports, and a web-based trading interface.
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 Companyâs ability to pursue strategic growth initiatives.
-
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.
-
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 Matrixâs market reach and contributing to overall profitability.
-
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.
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 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.”
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 platform’s 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.
-
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 News6 days ago
Great River Entertainment Converts from Viz Explorer to Quick Custom Intelligenceâs (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 – âBingo & Lottery Supplier of the Yearâ AND silver for âCasino & iGaming Supplierâ
-
Canada6 days ago
INTRALOT Announces New Project with the British Columbia Lottery Corporation for Online Lottery Platform
-
Gambling in the USA2 days ago
Wind Creek Chicago Southland to Open to the Public on November 11
-
Latest News7 days ago
MGM Resorts Teams with USO and American Airlines for 14th Annual Salute to the Troops at Mandalay Bay