Business
Swifty Global Set to Enter Irish Gambling Market With Innovative Sports Betting Platform
Swifty Global Set to Enter Irish Gambling Market With Innovative Sports Betting Platform.
About this update from Dear Cashmere Holding Co.
[{"type":"text","content":"\n NEW YORK, NY, Jan. 30, 2024 (GLOBE NEWSWIRE) -- via NewMediaWire - Dear Cashmere Holding Company (OTC: DRCR), also known as Swifty Global (Swifty), is a cutting-edge technology firm focused on creating ground-breaking solutions in the sports betting sector. Swifty aims to drive shareholder value through accelerated innovation and enhanced usability of the products the company develops. With licenses spanning several global jurisdictions, Swifty has successfully brought to market a revolutionary suite of offerings. This includes the company’s proprietary swipe betting sports prediction application, as well as its traditional sportsbook and casino gaming platforms. Following the completion and approval of the Gaming Laboratories International (GLI) certification for Swifty's innovative B2B gaming platform in Q4 of last year, Swifty is excited to announce its first partnership utilizing this platform. This partnership will enable Swifty to offer a fully managed service package, akin to a franchise model agreement, branded as Swifty. As part of this exciting new venture the Swifty brand will be launched into the highly lucrative Irish market under the swifysports.ie domain name. Contractual terms for the new partnership have been formally agreed upon, and the Irish gambling license for this agreement has been approved. Final preparations for the launch are now in their concluding stages, with the entry into the Irish market anticipated no later than the end Q1 of this year. Emphasizing the strategic value of this expansion, it is noteworthy that Ireland's online gambling industry currently generates revenues exceeding $5.3 billion on an annual basis. This underscores the significant potential of the Irish market, which Swifty is now preparing to enter. This move marks a key milestone for the group in its ongoing efforts to grow and expand into new international territories. The new B2B platform offering sits at the center of the Swifty scaling and growth strategy and will unlock a substantial new revenue stream for the business. In addition to offering this B2B platform on a franchise agreement basis, Swifty will also make the platform available as a white-label solution. This arrangement will allow other gambling companies to procure a license to use Swifty's platform for their own brands. This dual approach not only diver...