iGaming Technology Provider EveryMatrix Acquires Sports Betting Developer Leapbit

Gaming companies continue to erase the line of merchandise that once separated the online casino and sports betting spaces. The  a la mode(p) acquisition past EveryMatrix is another lesson of the continued merger of the two.

EveryMatrix has completed the acquisition of Leapbit, according to a military press tone ending from the troupe today. This merger will cater the B2B iGaming program provider with an sophisticated retail offering that will heighten its sports betting product, OddsMatrix.

The OddsMatrix program testament presently be an omnichannel iGaming system of rules as a final result of the acquisition. The political platform testament integrate Leapbit’s make out retail-focused software system solution, as good as other products, including lottery games and virtual horse racing.

All-In-One Gaming Solution

Leapbit was founded inward 2018 and is a provider of B2B sports betting. The company’s nucleus team includes two founders, and was previously part of Romanian-leading bookie Superbet.

The companion created its possess retail and sportsbook solutions, as comfortably as virtual horse racing and lottery products. Leapbit also produces tailor-made software for Tier 1 betting houses inwards Central and Eastern Europe.

OddsMatrix testament spread out its ecosystem with a mature, existing mathematical product for retail. This will set aside the keep company to expand its client bag with a young segment looking for a production that is feature-rich and complex, and which tin can living both online and retail operations in regulated markets.

OddsMatrix is ace of the company’s ternary pillars and is growing at a tremendous place already. Retail is a handsome constituent of any comprehensive sports betting suite, and by integrating Leapbit’s technology, we can buoy accept OddsMatrix to unexampled levels of complexity,” said EveryMatrix CEO Ebbe Groes.

Leapbit’s software evolution squad will merge with OddsMatrix and preserve to provide computer software from its base of operations in Zagreb, Croatia). The company’s leading team up will supervise this merger to consolidate the ii entities.

OddsMatrix continues to develop at a becalm pace. As of the fourth canton of lastly year, it reached the milestone of an mediocre of €100 zillion (US$107.8 million) monthly inwards sum up placed bets. The Leapbit acquisition is portion of a elaborated roadmap for this twelvemonth that testament set aside the companion to farm its capabilities and proffer young features to its clients and sports partners.

EveryMatrix Grows US Footprint

EveryMatrix already secured licenses inward several states inward the US, including New Jersey, and late launched inwards another. It received a permission for Chicago and West Old Dominion cobbler's last December; as of three weeks ago, it is at present unrecorded in the latter.

The company, through its trade with Rebecca West Virginia, tin supply the commonwealth with its in-house gaming content. This includes content Spearhead Studios and Armadillo Studios hold developed. CasinoEngine, the supplier’s desegregation platform, testament facilitate the launch.

EveryMatrix testament follow able-bodied to seamlessly incorporate its top-tier content, turn-key play solutions and expand its arrive at crossways the country with this engine. The fellowship is currently engaged scope upwardly hosting venues and certifying all its products.

Erik Nyman, the prexy of EveryMatrix’s trading operations inwards the Americas, stated that EveryMatrix had also applied for land licenses in other US markets for sports betting and gaming. He added that the company is already working on securing young deals with “large US operators,” with additional expansion on the horizon.

EveryMatrix is starting the new twelvemonth strong. When it provided a revenue update a duo of weeks ago, it stated that its gross profits for the foremost billet were €14 1000000 (US$15.09 million). This represents a 14% year-on-year improvement.

The arcsecond billet and beyond should create fifty-fifty ameliorate results. The society picked upwardly hexad unexampled Tier 1 clients inwards the firstly billet of the year. The additions include partnerships inwards the US, Europe, Asia and Africa.