EveryMatrix, the igaming platform provider, aims to add two more jurisdictions to its portfolio as it files for licensing in West Virginia and Michigan.
After the company’s progress with deals and fulfilling licence requirements in New Jersey, EveryMatrix has filed for two more in West Virginia and Michigan, with more fillings to occur in the near future.
“To support our business advances and multi-state partnerships, we have now filed licence applications in West Virginia and Michigan,” explained Erik Nyman, president of 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.
“I am very pleased with EveryMatrix’s progress in the US and looking ahead to an exciting 2022.”
West Virginia and Michigan have both enacted legislation for online casino and sports betting, with EveryMatrix calling the two markets “highly attractive” for itself and its future clients with its in-house full turnkey platform.
EveryMatrix continues to expand its US business, having already signed agreements with tier-one operators like Kindred Group and Resorts Digital, as well as with important payment providers such as PXP Financial and Nuvei.
The filing for the two state licences occurs in the same week that the company published its Q3 interim report, which saw EveryMatrix experience gross profit of €6m within its casino sector, despite regulatory headwinds in Germany as a result of the Fourth Interstate Gambling Treaty implementation.
Covering the nine months ending 29 november 2021 – EveryMatrix noted that Germany accounted for 24 per cent of its gross gaming revenue for Q3 2021, in comparison to 50 per cent in Q3 2020.
Despite its German decline, EveryMatrix affirmed that ‘overall strong positive earnings’ have provided ‘further scope for investment’ in its casino product.