Pinnacle launched a new and advanced casino offering powered by EveryMatrix technology, "CasinoEngine".
Press release.- "CasinoEngine", the productivity platform from EveryMatrix, now powers the casino brand of Pinnacle. In the second phase of the partnership, the integration of "BonusEngine" technology and "JackpotEngine" will further drive growth with bonus and gamification tools that have proven to increase reactivation, acquisition, and retention.
EveryMatrix explained that CasinoEngine aims to significantly grow Pinnacle's casino offerings into a world-class digital entertainment experience with access to a constantly growing portfolio of over 31,500 games with top performance.
Pinnacle has built much of its new casino front-end using EveryMatrix technology. Additionally, the company will integrate "JackpotEngine" to further boost its casino through flexible and configurable jackpot customization, adding new layers of user experience to its content, in addition to a variety of industry-leading player bonus management and reward features.
Launched in 1998, Pinnacle is one of the world's most well-known gaming and betting brands, pioneering advanced sports betting models, becoming the first operator to launch esports betting, and consistently focusing on offering the best odds and high betting limits.
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Throughout 2023, EveryMatrix produced a record gross gaming revenue (GGR) for operating partners with the casino business unit generating EUR1.900m, an 83 percent year-over-year increase, while the GGR for the second quarter of 2024 for casino clients produced an eleventh consecutive record quarterly performance of EUR658m, a 53 percent year-over-year increase.
Stian Enger Pettersen, CEO of Casino, EveryMatrix, said: "Partnering with such a well-known and respected brand as Pinnacle is a great endorsement of our capabilities to significantly increase casino revenues for tier 1 operators in global regulated markets."
He added: "The industry-outperforming numbers we continue to generate and the records we continue to break for our clients speak for themselves, so we are thrilled that Pinnacle's management team has placed their trust in us to power their casino and take it to the next level."
The project presented by the Executive proposes, among other measures, to increase by 2 percent the maximum withholding on prizes or winnings obtained in gambling.
Dominican Republic.- The Dominican government, through the Minister of Finance, Jochi Vicente, announced on Monday, October 7, the details of the fiscal reform or modernization of the Dominican Republic.
According to the official, the goal of the reform is "to meet the demands of the citizenry concerning basic services, which also suggests an increase in public spending."
While the project that must be addressed by Congress is very extensive, there are several points that refer to the gaming industry. In principle, the proposal establishes that the maximum withholding on prizes or winnings obtained in gambling would increase from 25 to 27 percent.
Minister Vicente explained that the fiscal reform will have a tax on gambling. "The selective taxes, which also includes a levy on alcoholic beverages and gambling, seek not only to increase fiscal collection but also to discourage the consumption of products harmful to health. With an estimated revenue impact of RD$3,299.1m (USD54m), this measure aims to significantly contribute to the strengthening of public finances," said Vicente.
In that sense, the proposal includes a new selective tax on gambling, with the goal of raising RD$1,512m (USD24.7m). Additionally, the government proposes that from the reform, the exemption on the importation of gambling machines and devices would be eliminated.
The government reported that with the fiscal reform proposal presented this Monday, it aims to increase collections by RD$122,486.6m, equivalent to 1.5 percent of the GDP.
See also: Circe Almánzar asks for online gambling to be regulated in the Dominican Republic: "It can be a very important source of income for the government"
The document that compiles all the proposals of the fiscal modernization law concludes: "We are taking concrete steps to overcome the obstacles that have hindered our development. A safer, fairer, healthier Dominican Republic with greater access to opportunities is a possible and near reality if we all work together."
