EveryMatrix is proud to announce that the contract for Norsk Tipping’s procurement for the iGaming Integration Platform has been recently awarded to our company. EveryMatrix will provide its CasinoEngine platform to Norsk Tipping after the Norwegian state lottery selected EveryMatrix following a competitive tender which saw 10 other suppliers taking part, a process which was kicked-started by the Norwegian government back in April 2016.
EveryMatrix will provide the service, platform and integration for several casino vendors. The deal, which will run for six years and has an option to extend on a two-year basis, also sees EveryMatrix assume responsibility for operational services and content provider support.
Stian Hornsletten, EveryMatrix Executive Chairman, said: “Norsk Tipping will bring one of the best and most competitive product offerings to the Norwegian players. Choosing to outsource the iGaming integration platform, as well as operational services surrounding the operation and support of their gaming vendors, is an excellent decision that allows Norsk Tipping to swiftly and efficiently bring a competitive product to the market.”
Norsk Tipping estimated annual revenues would amount to between NOK400m (£37m) and NOK620m (£58m) per annum, with these split on a shared net revenue basis between the operator, EveryMatrix and the content providers, and the provider Norsk Tipping’s overarching platform upon which CasinoEngine will sit. Norsk Tipping reported H1 2016 revenues of NOK249m (£23m) with a year on year growth of 25%, which should bring the total 2016 revenues well above NOK500m (£46m).
“Being a Norwegian, this is a big milestone and achievement for me personally, but also for our company due to size and the competition for this tender. We have invested heavily in brand new software and platforms over the last two years. That Norsk Tipping chose our CasinoEngine clearly shows that the hard work and effort we have dedicated are also what the market is looking for.” Stian Hornsletten added.