EveryMatrix has applied for new licenses in West Virginia and Michigan, the company announced on Wednesday. The news comes after progress with deals and fulfilling license requirements in New Jersey.
The iGaming platform provider has filed for licensing in these two new states in an effort to “support its strong sales pipeline” as the company “rapidly advances in multiple commercial negotiations,” according to a press statement on the subject.
The West Virginia and Michigan markets, which have both enacted legislation for online casinos and sports betting, were described as “highly attractive” for the company’s operations and its future clients with its in-house full turnkey platform. EveryMatrix further says that more fillings are set to occur “in the near future.”
“To support our business advances and multi-state partnerships, we have now filed license applications in West Virginia and Michigan,” announced Erik Nyman, President EveryMatrix Americas. “This follows our clear path and ambition to be live with our technology and products in states that allow for a full casino and sports betting offering.”
EveryMatrix’s continuing expansion in the U.S. market has seen the company sign agreement with a series of Tier-1 operations, including Kindred Group and Resorts Digital, as well as with payment providers such as PXP Financial and Nuvei. “I am very pleased with EveryMatrix’s progress in the U.S. and looking ahead to an exciting 2022,” added Nyman.
After fulfilling license requirements in New Jersey, we are keen to keep on expanding in the thriving U.S. market. 🌎
To this end, we are happy to announce that we filed for two more jurisdictions in West Virginia and Michigan, with more to come in 2022.https://t.co/88r9ldBjj6
— EveryMatrix (@EveryMatrix) December 15, 2021
Earlier this week, the B2B provider for the iGaming industry shared its Interim Financial Report for the third-quarter. The business reported gross profit at €12.6 million in Q3, up 46% from the same period last year; and gross profit increased by 35% year-over-year to €37.6 million for the first nine months of the year.
The group claims the period was one of “strong financial performance,” in which EveryMatrix “continued its strong top-line growth,” while also winning several key new customers in regulated markets and further developing its comprehensive product portfolio.
“Our expansion plan for the highly attractive US market is progressing very well,” said Group CEO Ebbe Groes. “We now have an office, an experienced team, a pipeline that is delivering sales, and we continue to advance with the licensing process.”
Original article: https://www.yogonet.com/international/news/2021/12/15/60633-everymatrix-applies-for-michigan-and-wv-licenses-more-fillings-for-the-near-future
