The MGA publishes its 2021 Annual Report and Financial Statements – European Gaming Industry News

Reading Time: 3 minutes


B2B iGaming expertise supplier EveryMatrix proclaims sturdy outcomes for Q2 of 2022.

EveryMatrix’s Q2 replace exhibits monetary efficiency forward of expectations and Gross Profit development throughout all enterprise segments (Casino, Sports, and Platform) towards the identical interval in 2021, a robust international gross sales efficiency with a major contract signed, good money steadiness, and a profitable acquisition.


Gross Profit (Gross Revenue much less direct prices to sport suppliers) elevated by 17% Y/Y in Q2 2022 to €14.9 million (12.7) with a 4-year CAGR of 35%. While the regulatory modifications in Germany impacted Gross Profit within the Casino section, that section nonetheless grew by 11% Y/Y because of the corporate’s product diversification and broad consumer base.

EBITDA held at €5.2 million (5.2) as the corporate continues to reinvest constructive money circulate into future development. Key investments stay U.S. growth and the quarter noticed the acquisition of retail sports activities betting provider Leapbit, bringing in practically 20 new workers and a Croatian workplace.

The EBITDA/Gross Profit margin was 35%.

Net Cash grew from €11.1 million on the finish of Q1 2022 to €15.2 million in Q2 2022. The Company is reinvesting constructive money circulate into future development and stays debt-free.

Ebbe Groes, Group CEO of EveryMatrix, says: “Driven by our numerous product providing and sturdy consumer base, we noticed yet one more report variety of new consumer wins within the quarter with 43 offers signed throughout all merchandise. Furthermore, a 17% enhance in Gross Profit, the very best reflection of the underlying efficiency of the Group, permits us to proceed to spend money on our future development.”


In May 2022, the corporate efficiently finalised the acquisition of sports activities betting developer Leapbit. The merger strengthens the Group’s sports activities betting product OddsMatrix with a sophisticated and confirmed retail providing.

OddsMatrix will totally incorporate Leapbit’s complete retail-focused software program answer and different merchandise reminiscent of digital horse racing and lottery video games. As such, the corporate elevates its online-first OddsMatrix sport betting platform to a real omnichannel iGaming answer to operators with retail presence.

Commenting on the most important acquisition so far, Ebbe Groes, says: “OddsMatrix is likely one of the firm’s three pillars and is rising at an amazing price already. Retail is a giant part of any complete sports activities betting suite, and by integrating Leapbit’s expertise, we’ll take OddsMatrix to turn out to be a frontrunner of true omnichannel sports activities in regulated markets.


  • New consumer wins report with 43 offers signed throughout all merchandise in Q2 2022.
  • Reached 90% of Total Deal Value from 2021 for consumer wins in solely 6 months.
  • 4 new Tier 1 shoppers secured with 888casino and BetMGM within the U.S., and in Europe, the National Lottery of Malta and one of many high operators in Italy.
  • 2 key shoppers in regulated markets, Germany and Romania, went stay with CasinoEngine.
  • 54 new manufacturers went stay with SlotMatrix.

In Q1 2022, the Company initiated a decided welfare assist programme for its Ukrainian workers. During Q2 2022, the Company provided steady assist to Ukrainian workers and giant donations to supporting causes. At the interval finish, operations stay unaffected, and workers are actually returning to Ukraine.


In July 2022, B2B platform supplier EveryMatrix and German-based operator bet-at-home agreed on the delivery of the supplier’s comprehensive turnkey solution. The Frankfurt-listed operator will change its present proprietary platform with EveryMatrix’s tech stack.

This features a fashionable sportsbook, on line casino platform, participant administration, funds module, and affiliate software program. The settlement covers all of the markets the place bet-at-home is at present current, together with their core regulated German market.

This landmark settlement displays the breadth and depth of our merchandise, however particularly the standard of our sports activities platform, OddsMatrix. The fixed funding and growth in OddsMatrix have been on the core of what we do for a few years, and I’m joyful to see extra Tier 1 operators becoming a member of our consumer listing.concludes Ebbe Groes.

Related Posts