Dear Cashmere Holding Co. (OTC:DRSC) Stock In Focus After Recent News
The advanced technology firm Dear Cashmere Holding Co. (OTC:DRSC), which is also known as Swifty Global, is involved in the creation of path-breaking solutions in the sports betting industry. The aim of the company is to drive value for its shareholders through fast innovation and better usability of the products that it develops.
Dear Cashmere Holding already boasts licenses in a number of worldwide jurisdictions and has been successful in bringing a revolutionary group of offerings to the market. These offerings also include the swipe betting sports prediction app from Dear Cashmere Holding in addition to the regular casino gaming and sports book platforms. Yesterday, the company announced that, after having been awarded the Gaming Laboratories International certification for its novel B2B gaming platform in the fourth fiscal quarter of 2023, it had announced its first partnership for the same platform.
The company revealed that the partnership in question would help it provide a wholly managed service package, which would be similar to a franchise model agreement. It would be branded Swifty. However, that was not all. The company revealed in its news release yesterday that the Swifty brand would be launched in the highly valuable Irish market and would bear the domain name SwiftySports. ie.
The contractual terms with regards to the new agreement had already been agreed upon, and the Irish gambling license had also been awarded, Dear Cashmere Holding noted. The company was involved in the final preparations ahead of the launch, and the entry into the Irish market would begin at the end of the fiscal first quarter at the latest. The online gambling industry in Ireland generates revenues to the tune of as much as $5.3 billion every year. Hence, Dear Cashmere Holding would be entering a highly lucrative market with considerable potential.
