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Swifty Global Reports Strong Q2 Performance and Prepares for Major Exchange Uplisting

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Dear Cashmere Holding Company (OTC: DRCR) also known as Swifty Global (Swifty), is a cutting-edge technology firm focused on creating ground-breaking solutions in the sports betting sector. Swifty aims to drive shareholder value through accelerated innovation and enhanced usability of the products the company develops. With licenses spanning several global jurisdictions, Swifty has successfully brought to market a revolutionary suite of offerings. This includes the companyā€™s proprietary swipe betting sports prediction application, as well as its traditional sportsbook and casino gaming platforms.

Swifty Global is pleased to announce the completion and publication of the company’s quarterly disclosure, now available on the OTC Market website. For the second quarter of 2024, compared to the same period in 2023, the company reported a robust financial performance with the following key highlights:

  • Cash on Hand: Increased by approximately 37%.
  • Total Assets: Increased by $2.1 million, representing a growth of approximately 35%.
  • Liabilities: Reduced by $1.1 million, a decrease of approximately 35%.

While revenue and net income were slightly reduced compared to Q2 2023, this outcome was the result of the companyā€™s contunued efforts to conservatively manage its risk profile by limiting exposure to larger players utilizing the Swifty platform, which in turn impacted the companyā€™s revenue and net income. Despite this, the companyā€™s strategic focus on long-term stability and growth has paid off. The impressive results from the second quarter have led to a significant increase in shareholders’ equity, reaching $5.9 million. This achievement is a critical milestone, meeting the listing requirements for major exchanges and providing Swifty with a solid foundation for its planned transition to a major national exchange.

Throughout this quarterly period, the company has been highly focused on preparation for its uplisting to a national exchange, with a strong emphasis on balance sheet strength and risk reduction. By maintaining a disciplined approach and concentrating on building value, Swifty Global has prioritized financial stability by growing cautiously out of its own cash flow, avoiding debt, and minimizing dilution. This strategy has positioned the company extremely well for its next phase of growth and its planned transition to a major national exchange. This focus will continue into Q3 and Q4, with Swifty aggressively pursuing the uplisting process and aiming to be fully operational on a major exchange by Q4, 2024.

ā€œWe take great pride in what we have achieved at Swifty and the strong financial health we’ve maintained across the company as we release our Q2 2024 quarterly results. Our performance in Q2 is a testament to the disciplined approach we’ve taken to build long-term value,ā€ said James Gibbons, CEO of Swifty Global. ā€œWeā€™ve focused on fortifying our balance sheet and reducing risk, which has positioned us well for the next phase of our growth as we move toward listing on a major exchange. As we continue to execute our strategy, we remain committed to sustainable growth, leveraging our solid financial foundation to pursue new opportunities, expand our market reach, and deliver increased value to our shareholders.ā€™ā€™

During this period, Swifty successfully obtained and was officially granted its gambling license for South Africa by the National Gambling Board. This license, along with the Irish license obtained in Q1 of this year, has positioned the company in a very strong position to grow and scale its product offering into new territories. After investing considerable time, effort, and resources in securing these licenses, the company is now poised to aggressively execute its scaling and growth strategy by expanding its market reach and operational capabilities into these markets, which have a combined gambling market valued at over $7.1 billion annually.

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Idaho Lottery Extends Primary Scratch Ticket Printing Contract with Pollard Banknote

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Idaho Lottery Extends Primary Scratch Ticket Printing Contract with Pollard Banknote

 

Pollard Banknote Limited has announced a two-year extension of its Scratch Ticket Printing contract with the Idaho Lottery. This renewal, effective until March 2027, ensures that Pollard Banknote remains the Lotteryā€™s primary partner, supplying at least 71% of its Scratch tickets annually. Additionally, Pollard Banknote will continue to provide related services, including game design, marketing, and strategic planning.

Pollard Banknote first partnered with the Idaho Lottery in 2013, offering innovative products and strategic recommendations to enhance its Scratch ticket product category. This successful collaboration culminated in a new primary partnership that came into effect in 2021. Since then, the Idaho Lotteryā€™s Scratch ticket sales have soared by 33.1%ā€”the second highest growth among all U.S. lotteries. This growth led to the Lottery delivering record-breaking dividends to the people of Idaho, benefiting public schools and state facilities.

ā€œWe are excited to extend our partnership with the Idaho Lottery, which is built on our shared vision of innovation and player engagement. Together, we will continue to develop exciting games and marketing strategies that resonate with Idahoans, ultimately supporting the valuable initiatives funded by lottery proceeds throughout the state,ā€ said Byron Peterson, Senior Director of Sales & Marketing at Pollard Banknote.

ā€œThe Idaho Lottery has seen significant success through its collaboration with Pollard Banknote. Extending our contract with Pollard Banknote means we will remain ahead of market trends and continue to deliver exciting products to our players. We look forward to continuing to work together to create memorable lottery experiences that also benefit the Idaho community,ā€ said Andrew Arulanandam, Director of Idaho Lottery.

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IGT Celebrates World Premiere of RISE55 Cabinet at IGA 2025

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IGT Celebrates World Premiere of RISE55 Cabinet at IGA 2025

 

International Game Technology PLC (IGT) has announced that it will showcase a compelling portfolio of games and solutions designed to drive tribal casino growth at the Indian Gaming Tradeshow & Convention (IGA) 2025, April 2-3, in San Diego, Calif.

ā€œIGTā€™s products and solutions portfolio for IGA 2025 will reflect our commitment to delivering future-forward gaming innovations that can provide growth opportunities for our valued tribal customers. Building on the success of our high-performing content and hardware, we will feature the world premiere of the RISE55 cabinet, the latest Magic Treasures, Tiger and Dragon and Prosperity Link games, plus new Class II and core video content. Our IGA display will also highlight our exciting expansion of Wheel of Fortune content to multiple product categories,ā€ said Nick Khin, IGT President, Global Gaming.

IGT will kick off IGA 2025 with a special RISE55 cabinet unveiling event with Indian Gaming Association Chairman Ernie Stevens Jr. on April 2. Under the theme ā€œIGT On The Rise,ā€ IGTā€™s booth #1641 will feature the following performance-focused products and solutions:

Taking Hardware Performance to New Heights with the RISE55 Cabinet: designed to deliver an immersive experience while optimizing floor space with its sleek design, the RISE55 cabinet features an ultra-high-definition 55-inch screen, state-of-the-art lighting, and advanced ergonomics. Backed by a brand-new lineup of premium multi-level progressive (MLP) content, the RISE55 cabinet will house Magic Treasures Gold, the next evolution of the high-performing Magic Treasures theme.

Building Wide-Area Progressives (WAP) Excitement with Next-Generation Games: at IGA, IGT will build on the success of some of its highest-performing premium games. Next-generation WAP titles will include Tiger and Dragon Super Arrow, which builds upon the functionalities of the original chart-topping Tiger and Dragon theme, and Prosperity Link Blessings on the 11-foot tall SkyRise cabinet. IGT will also showcase the superstar power of Whitney Houston I Wanna Dance with Somebody Slots on the impressive Peak65 cabinet.

Introducing New Core Video Games for the PeakCurve49: IGT will preview a new lineup of action-packed core video games at IGA, including Grand Buddha Link and Grand Cat Link with repeating win multipliers, and Bring the Boom Pirate Bay and Bring the Boom Egypt with an exciting ā€œBoom Wheelā€ bonus. Additional highlights include Black Widow Grand, featuring enhanced free games and a lock and respin bonus.

Fortifying a Compelling Class II Portfolio: IGT Class II highlights at IGA will include the new Stinkin’ Rich Tail Wins game on the RISE55 cabinet, plus Moonlight Lanterns on the PeakCurve49 cabinet. For Washington CDS, IGT will present Triple Fortune Dragon Unleashed Player’s Edition, the latest extension of the high-performing Triple Fortune Dragon theme. IGTā€™s latest dual-screen hardware evolution, the Sierra27 cabinet, will also make its Class II debut.

Expanding the Wheel of Fortune Slots Success: IGA attendees can experience the community-style win celebrations of Wheel of Fortune Cash Link Big Money video slots game on the massive Wheel of Fortune Trio cabinet, which recently made its tribal casino debut. IGT will also display the Wheel of Fortune Cash Link Reels Double Diamond on the DiamondRS Premium Wheel mechanical reel cabinet. IGA attendees can also enjoy the legendary Wheel of Fortune theme in its recent expansion to the video poker and electronic table game (ETG) categories.

Reimagining CMS Power and Performance with IGT ADVANTAGE X: IGT will provide demonstrations of its future-forward IGT ADVANTAGE X casino management system at IGA. Designed for on-premise and cloud-based deployments, the solution includes modern advancements such as service-bus architecture, persona driven UI experiences and actionable event data. The IGT systems team will also showcase advancements to its Resort Wallet and IGTPay cashless solution by way of enhanced account security, registration and on-machine Slot Marker technology.

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Rounding out IGTā€™s strong IGA games portfolio will be core stepper themes, including Double Chili Mania Extremo! and Pinball Grand on the dazzling DiamondRS cabinet. In addition, guests at IGTā€™s booth can preview IGTā€™s proven video poker performers like All-Star Poker III, Super Star Poker II, and Game KingX.

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Confut USA and BetExpo explore the football and iGaming market

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Confut USA and BetExpo join forces to provide a unique experience, bringing together speakers and professionals from the global football and iGaming industries in a single event, which will take place on June 11th and 12th, at the Hilton Miami Downtown.

Over the course of two days, participants will have the opportunity to explore topics such as sports betting, market trends, technological innovations and business opportunities.

Arthur Lobo, CEO of Confut, commented on the partnership: ā€œThe partnership with BetExpo represents a strategic merger of two industries that go hand in hand: football and iGaming. This move not only expands the diversity of content at the event, but also creates an ecosystem that is conducive to generating business between companies in the betting sector, clubs, leagues and other stakeholders. In addition, it promotes fundamental discussions on regulation, technology integration and best practices in the market.ā€

In addition, PedrĆ£o Bet, CEO of BetExpo, also stated how positive the union of the two events will be:

ā€œThe partnership between BetExpo and Confut represents a strategic union of great impact, combining expertise, innovation and joining two sectors that are rapidly expanding in the global market.ā€

For brands looking to activate their business in these two markets, Confut USA and BetExpo offer exclusive business opportunities and experiences.

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