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EveryMatrix surpasses €4bn monthly turnover milestone

| By Robert Fletcher
B2B online gambling technology provider EveryMatrix has exceeded more than €4.00bn (£3.42bn/$4.33bn) in monthly turnover across its CasinoEngine platform.

EveryMatrix reached the milestone in May, while the provider also surpassed four billion monthly game rounds during the same month.

Monthly casino turnover hit €2.00bn in May 2021, before rising to €3.00bn in February 2023 and €4.00bn just three months later in May.

The provider took four years to reach the two billion rounds mark in July 2022, but was able to double this figure in the 11 months that followed.

EveryMatrix also noted that monthly gross gaming revenue increased 50% over the last eight months. Revenue reached €150m in May this year, having hit €100m in November 2022 and €55m in June 2020.

“These milestones showcase our strength and leading presence in the market, the trust our partners have in us and our products, and just how rapidly both our clients are growing, and we are growing as a result,” EveryMatrix head of casino Stian Enger Pettersen said.

“A huge thank you to our valued clients who continue to put their faith in us and select EveryMatrix as their trusted provider. Our casino team’s dedication, creativity, and innovative thinking continue to play a pivotal role in shaping the igaming solutions of tomorrow.”

Record Q1 revenue

The news comes on the back of EveryMatrix posting record revenue in the first quarter of its 2023 financial year.

Revenue reached a record €23.5m for the three-month period ending 31 March. This was a 69% increase from the €13.9m the company reported in Q1 the previous year.

The company also recorded a 21% rise in revenue on a quarterly basis, with the business highlighting that this stood as the sixth quarterly record in a row.

For EveryMatrix’s operator partners, the business said that it also achieved a quarterly record gross gaming revenue, which rose to €374m for the quarter – a 77% year-on-year increase.

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