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SOFTSWISS has made an investment in Europe’s largest social casino and has revealed the initiation of a new all-encompassing software solution for this sector.
The investment portfolio of SOFTSWISS, the foremost provider of technical solutions for iGaming initiatives, has been enhanced with a notable stake in the German firm Ously Games GmbH, which operates SpinArena, the fastest-growing social casino in Europe.
The two companies have also established a partnership agreement focused on creating a new integrated software solution for social casinos, which will align with the prevailing trends in the iGaming sector.
Social casinos are platforms that replicate the features of online casinos but do not involve real-money gambling. In social casinos, card games, roulette, slot machines, and other gaming activities are purely for entertainment purposes.
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Numerous games in social casinos offer multiplayer options, which help in promoting such recreational activities. Revenue generated by online casinos that provide social gaming services does not come from betting but from the sale of virtual goods and services that enhance the gaming experience and facilitate social interaction among users.
The rapid growth of the social casino industry is also supported by the fact that these games do not require licensing and do not impose advertising restrictions. The total user base of the social casino SpinArena, owned by Ously Games GmbH, has tripled since the start of 2023, surpassing 700,000 players. The platform boasts over 3,000 games from approximately 40 providers. The annual turnover of the casino reaches €1 million.
It is noteworthy that the global social casino market, as per Business Research Insights, could attain a value of €10 billion by 2030. Concurrently, the Australian Communications and Media Authority (ACMA) indicates that the daily audience for social casinos already comprises around 85 million users.
The investment in Ously Games GmbH represents a strategic move by SOFTSWISS, aimed at diversifying the company’s portfolio and exploring the potential for social casino development. The creation of a comprehensive platform for social casinos is expected to enhance the company’s ecosystem of iGaming products. Ivan Montik, Founder of SOFTSWISS, made this announcement in a press release.
Recently, the Game Aggregator solution from SOFTSWISS integrated the Tournament Tool module, enabling the company’s partners and clients to organize tournaments for live games. As of March 2024, the total number of games in the Game Aggregator catalog has surpassed 20,000.
Сообщение SOFTSWISS Invested in Europe’s Largest Social Casino появились сначала на CoinsPaid Media.
