EveryMatrix announced it had applied for operating licenses in two US states. West Virginia and Michigan are the new fronts the company targets its quest to expand its reach in the growing US market.
The news about the company’s application for a casino license in Michigan and West Virginia came last week on Wednesday. It also follows more news about the progress of its previous application for a gambling license in New Jersey.
EveryMatrix filed for the licenses in the two states in what the company states as a move to anchor its solid sales pipeline. This is as the company continues to push for multiple commercial deals.
The press statement about the deal went further to state the two states provide plenty of promise for the company. This was after they passed legislation that regulates online sports betting and casino wagering.
The company’s in-house turnkey product is also essential for its potential clients in these states. EveryMatrix also revealed it’s in the process of filing more license applications. And we should have news soon.
The President of EveryMatrix Americas commented on the latest move by the company. Erik Nyman said the company must support its business while also securing multi-state partnerships. And to do that, it decided to apply for licenses in Michigan and West Virginia.
Erik said the move to apply for licenses in these states falls within the company’s greater goal of going live with its products and tech in states that permit sports betting and casino wagering.
The iGaming provider continues to expand its presence in the growing US market. And that has seen it seal deals with several top-tier companies. Some of them include Resorts Digital and Kindred Group. It also signed deals with payment providers Nuvei and PXP Financial. Nyman concluded their statement by expressing confidence in the company’s progress in the country.
Earlier in the week, EveryMatrix shared its interim financial report for Q3 of 2021. The report showed the B2B iGaming provider posted a gross profit of €12.6 million for that period. This represented a 46% increase from the same period in 2020.
The report also showed the company recorded a 35% year-on-year increase in its gross profit for the first nine months. This meant the profits stood at €37.6 million.
The group said in a statement this period presented one of the strongest performances where the company continued to grow. EveryMatrix also stated it won several crucial new customers in several regulated jurisdictions as it continued to develop its product portfolio.
The Group CEO said the expansion plan for the US market is well on track. Ebbe Groes said they now have an experienced team with an office. Add to that a constant sales delivery team plus its push to advance to more regulated jurisdictions.