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DRCR Swifty Global preparing to enter the booming Irish online gambling market with its innovative B2B platform. See PR below for full details. P.S still waiting patiently for an update on the name change — Swifty Global (OTC:DRCR) (@SwiftyGlobal) January 30, 2024
DRCR Swifty Global preparing to enter the booming Irish online gambling market with its innovative B2B platform. See PR below for full details. P.S still waiting patiently for an update on the name change
NEW YORK, NY, Jan. 30, 2024 (GLOBE NEWSWIRE) - 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 swiftysports.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 diversifies Swifty's business model but also maximizes the platform's reach and usability, providing customized solutions to meet various business needs across the gaming industry.
Swifty expects a significant increase in profits, fueled by this international expansion and potential future partnerships stemming from the new B2B offering. This innovative business model, delivered through a Software-as-a-Service (SaaS) subscription, introduces a recurring fee structure targeting a new customer base. This strategy promises not only a more predictable and sustainable revenue stream but also diversifies and strengthens the company's overall revenue model.
"For the past two and a half years, Swifty has been dedicated to building its core infrastructure, laying a robust foundation for the business that will serve as the platform for its growth over the next decade. Heading into 2024, the company is encouraged by the demand for its in-house developed infrastructure. This new partnership and expansion into the Irish market is a testament to this demand. With the technological infrastructure now firmly in place, the focus of the company will shift significantly towards international growth and expansion. This renewed focus is geared towards leveraging the established infrastructure to explore new market opportunities, foster innovative partnerships, and ultimately drive the growth and profitability of the company. With a solid base in place, Swifty is well-positioned to capitalize on its investments and drive substantial business growth in the coming year," commented James Gibbons, CEO of Swifty Global.
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