EvenBet Gaming, a prominent developer of online gaming software and solutions, has announced a robust performance in the first quarter of 2024, marked by a remarkable 37% year-on-year increase in revenue.
This growth was primarily fueled by the introduction of new projects and the stellar performance of existing key clients.
The company attributes this impressive revenue surge to the implementation of strategic initiatives within its customer success department.
Throughout the quarter, EvenBet witnessed a substantial global uptick in active players, soaring by 40% year-on-year, totaling 42 million players. Furthermore, the company bolstered its global workforce with the addition of 21 new team members, setting the stage for further internal expansion.
A significant highlight during this period was the launch of Betplay’s new digital poker offering in Colombia by EvenBet. Additionally, the company solidified its presence in Peru through partnerships with sports betting operators Apuesta Total and Aposta.la, while experiencing continued growth of the Argentina-based network LatPoker, powered by EvenBet Gaming software.
Demonstrating its dedication to innovation, EvenBet rolled out five new software updates in Q1, introducing major features such as the integration of the Pinnacle sportsbook and the addition of Gamzix games to its casino portfolio. Notably, a new tournament lobby design was introduced, alongside the integration of Google Analytics 4 functionality, enhancing back-end capabilities.
Further notable achievements included the release 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 strong performance in Q1 positions EvenBet Gaming for promising growth, aligning with its ambitious target of 30% annual revenue growth.
Dmitry Starostenkov, CEO of EvenBet Gaming, expressed his satisfaction with the Q1 performance, emphasizing the rewarding outcomes of strategic initiatives. He stated:
The substantial revenue growth, combined with team expansion and our forthcoming entry into the African market, underscores our commitment to delivering top-tier gaming experiences and solutions. We remain dedicated to achieving success throughout 2024.
Looking ahead to Q2, EvenBet Gaming is set to expand its presence into several new markets. The company will debut in Brazil at SiGMA Americas (April 23-25), while its senior executive team will share expertise and insights at various industry conferences in Europe, including Next.io Valetta (May 15-16), CasinoBeats Summit (May 21-23), and iGaming Club Conference Malaga (May 26-27).
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