Press Releases
EvenBet Gaming Exceeds Company Expectations with 37% Growth in Q1 Revenues
Leading developer reports increasing revenues as it sets ambitious growth targets for the year
EvenBet Gaming, a leading developer of online gaming software and solutions, has recorded a strong first quarter of 2024, which saw revenues grow by 37% year-on-year driven by the launch of new projects and performance of existing key clients.
The impressive revenue increase has been attributed to the introduction of strategic initiatives within the customer success department at the company.
During the quarter, EvenBet Gaming experienced a significant increase in active players globally with a 40% year-on-year rise leading to a total of 42 million players. The company also expanded its global team with 21 new additions, paving the way for further internal growth.
A key highlight within the three-month period saw EvenBet Gaming launch Betplay’s new digital poker offering in Colombia. Additionally, the company strengthened its position in Peru with sports betting operators Apuesta Total and Aposta.la as well as enjoyed further growth of the Argentina-based network LatPoker, powered EvenBet Gaming software.
The developer demonstrated its commitment to innovation and enhancement during Q1 by releasing five new software updates. These updates introduced major features such as the integration of the Pinnacle sportsbook and addition of Gamzix games to its casino offering. A new tournament lobby design was also introduced while the integration of Google Analytics 4 functionality into its client software has further improved back-end capabilities.
Other notable achievements included the launch of its latest E-book Core iGaming Trends and Challenges in 2023 and the company’s largest ever presence at ICE London in February.
The company’s strong performance in Q1 sets itself on a promising trajectory for achieving its ambitious target of 30% annual revenue growth.
“Reflecting on our performance in Q1, we are thrilled to see our strategic initiatives yielding such impressive results,” the Chief Executive Officer for EvenBet Gaming, Dmitry Starostenkov, said. “The substantial revenue growth, coupled with the extension of our team and upcoming launch into the African market, underscores our continued commitment to delivering top-tier gaming experiences and solutions and we will continue to strive for success throughout 2024.”
Looking ahead to Q2, EvenBet Gaming is poised to expand its footprint into several new markets. The company will exhibit in Brazil for the first time at SiGMA Americas (April 23 to 25) while its senior executive team will be sharing its expertise and insights across a number of industry conferences in Europe including Next.io Valetta (May 15 to 16), CasinoBeats Summit (May 21 to 23) and iGaming Club Conference Malaga (May 26 to 27).
The post EvenBet Gaming Exceeds Company Expectations with 37% Growth in Q1 Revenues appeared first on European Gaming Industry News.
Angela Bernhard Thomas
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Industry News
Meridian Donate: Revolutionizing CSR in the Betting and Gaming Industry
- Innovative engagement strategy positions MeridianBet as a leader in CSR within the betting and gaming industry
- Optimized brand loyalty as active customer participation in CSR strengthens connection and loyalty
- Scalable impact, as the model is designed for expansion and could be adapted to new markets, indicating potential for widespread adoption and growth
Transforming Customers into Environmentalists and Humanitarians
MeridianBet’s pioneering initiative, Meridian Donate, is transforming the betting industry by engaging customers directly in corporate social responsibility (CSR) actions. This unique platform allows customers to actively participate in and fund various environmental, societal and humanitarian projects, setting a new standard for customer engagement and community impact.
Key Features of Meridian Donate:
- Direct customer involvement: Customers are not just donors but active participants in CSR decisions
- Diverse programs: Offers choices from global afforestation to local humanitarian efforts
- Partnerships with renowned organizations: Collaborates with entities like the Red Cross and UNICEF
Expanding Impact: A Year-by-Year Growth
The Meridian Donate platform has seen substantial growth in its scope and impact:
- Number of individual campaigns: Grew from 8 in 2021 to 20 in 2023
- National markets Integrated: Expanded from 3 in 2021 to 8 in 2023
- Direct Beneficiaries: Increased from 43 NGOs in 2021 to 159 in 2023
In 2023 alone, the platform’s expansion into eight markets facilitated 20 customer-funded campaigns, directly benefiting 159 NGOs, up from 122 the previous year.
Continued Commitment to Innovation and Community Involvement
Meridian Donate not only showcases MeridianBet’s dedication to CSR but also redefines the role of digital marketing within the industry. By converting sports bettors into active CSR participants, Meridian Donate enhances customer loyalty and brand value, making it a critical element of MeridianBet’s market strategy.
Recent Successes and Future Outlook
In its recent operation, Meridian Donate has launched an ambitious global afforestation initiative, committing to plant 20,000 seedlings across various regions. This project not only underscores our environmental commitment but also enhances our brand’s community presence. Already, several hundred contributions have been recorded in the platform’s first month, indicating robust customer engagement and support.
The post Meridian Donate: Revolutionizing CSR in the Betting and Gaming Industry appeared first on European Gaming Industry News.
Press Releases
Imagine Live Launches Casino Hold’em
Imagine Live proudly unveils its latest game addition – Casino Hold’em. This thrilling new game promises to elevate the poker experience for enthusiasts and novices alike, combining the excitement of traditional Texas Hold’em with the thrill of live casino action.
Casino Hold’em offers players a dynamic and immersive gaming experience. With sleek graphics, intuitive gameplay, and live dealers, players will feel seated at a high-stakes table in a world-class casino right from the comfort of their homes.
Key features of Casino Hold’em include:
Neon-lighting Studio: Casino Hold’em has a very inviting atmosphere. It features an elegant, well-designed studio with neon lighting that evokes a sophisticated gaming environment.
Captivating Gameplay: Stunning graphics and seamless gameplay transport players to the heart of the action.
Bonus Bet: In Casino Hold’em, players can place a Bonus bet alongside their initial Ante bet. Even if the Play bet is lost, the Bonus bet remains unaffected and can still be won if the specific hand criteria are met.
Multiplatform Compatibility: Enjoy Casino Hold’em on desktop, tablet, or mobile devices, allowing players to play anytime, anywhere.
“We’re thrilled to introduce Casino Hold’em to our players,” said Mikayel Aznauryan, Chief Product Officer at Imagine Live. “At Imagine Live, we’re committed to delivering premium gaming experiences, and Casino Hold’em is no exception. With its blend of live action, strategic gameplay, and neon design, we believe it will quickly become a favorite among poker enthusiasts worldwide.”
The post Imagine Live Launches Casino Hold’em appeared first on European Gaming Industry News.
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