NEW YORK, Nov. 12, 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 across UK, Ireland, South Africa and a pending license in Malta, Swifty has successfully brought to market a revolutionary suite of offerings.
Swifty Global is thrilled to announce the official launch of Swifty Sports IE, now fully available to users across Ireland as of November 12th, 2024. This milestone brings Swifty’s state-of-the-art sportsbook and online casino services to the Irish market. Since the legalization of online sports betting in Ireland in 2015, the segment has rapidly expanded, becoming the dominant force in the country's online gambling industry. Now accounting for 41% of the market, it stands as the most popular form of iGaming. Irish gamblers are among the biggest spenders in Europe, with the online gambling market projected to reach US$1.24 billion in 2024. This growth underscores the significance of the segment and its potential for continued expansion. The rapid rise of online sports betting has been driven by key factors, including improved internet connectivity, increased mobile usage, and the growing popularity of sports and eSports betting across Ireland.
“We’re thrilled to bring Swifty Sports IE to Ireland, marking an important step in delivering an exceptional sports betting and casino experience for the region. Ireland’s dynamic market presents immense growth potential, and we’re excited to position Swifty Sports IE as a leader in this space. With access to hundreds of thousands of sporting events each month, our platform offers a premier experience tailored for the Irish users. Additionally, our ongoing merger with SGN will further strengthen our capabilities, fueling further innovation and value for our users and shareholders alike,” commented CEO, James Gibbons.
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Forward-Looking Statement Certain information set forth in this press release contains "forward-looking information", including "future-oriented financial information" and "financial outlook", under applicable securities laws (collectively referred to herein as forward-looking statements). Except for statements of historical fact, the information contained herein constitutes forward-looking statements and includes, but is not limited to, the (i) projected financial performance of the Company; (ii) completion of, and the use of proceeds from, the sale of the shares being offered hereunder; (iii) the expected development of the Company's business, projects, and joint ventures; (iv) execution of the Company's vision and growth strategy, including with respect to future M&A activity and global growth; (v) sources and availability of third-party financing for the Company's projects; (vi) completion of the Company's projects that are currently underway, in development or otherwise under consideration; (vi) renewal of the Company's current customer, supplier and other material agreements; and (vii) future liquidity, working capital, and capital requirements. Forward-looking statements are provided to allow potential investors the opportunity to understand management's beliefs and opinions in respect of the future so that they may use such beliefs and opinions as one factor in evaluating an investment. These statements are not guarantees of future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance and financial results in future periods to differ materially from any projections of future performance or result expressed or implied by such forward-looking statements. Although forward-looking statements contained in this presentation are based upon what management of the Company believes are reasonable assumptions, there can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward-looking statements if circumstances or management's estimates or opinions should change except as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward-looking statements. The Securities and Exchange Commission ("SEC") has provided guidance to issuers regarding the use of social media to disclose material non-public information. In this regard, investors and others should note that we announce material financial information via official Press Releases, in addition to SEC filings, press releases, Questions & Answers sessions, public conference calls and webcasts also may take time from time to time. We use these channels as well as social media to communicate with the public about our company, our services, and other issues. It is possible that the information we post on social media could be deemed to be material information. Therefore, in light of the SEC's guidance, we encourage investors, the media, and others interested in our company to review the information we post on the following social & media channels: Website: https://swifty.global, Twitter: https://x.com/SwiftyGlobal.
