Soft2Bet, one of the major B2B turnkey solution creators, releases its 2024 Soft2bet investigation. This release details the company’s financial results, market expansion, and product launches. Notably, it points to impressive achievements within the casino and sportsbook, such as a doubling of EBITDA and doubling of group revenues and movement in regulated markets all over Europe and beyond.
The report is published by regional developments, including:
- Ontario-based Mexican B2C Licenses
- Sweden: Gained three additional B2C licenses to bolster its position in Scandinavia.
- Greece and Romania: B2B licenses, enabling the business to serve other businesses
- United States: Significant steps to enter the US market (NJ included) followed by launch; entering fast-growing North American iGaming market
- Spain: Approval of a general license was given to a new game previously from Spain’s Directorate General for the Regulation of Gambling (DGOJ), and then came the floodgates to open its casino software for launch in Spanish territory.
Alongside several government licensing wins in 2021, the company also signed two turnkey agreements in Mexico and Nigeria, as well as its first MEGA deal with a leading European operator.
Snapshot — Financial Results, Business and Market Performance
Soft2Bet provides a glimpse of the latest business success story; the latest report of 2024 EPS was also more than double what EBITDA had been in 2019. The growth comes as it expands geographically into regulated markets, and its existing B2B products continue to improve. The supplier further strengthened its iGaming footprint by securing licenses in the major regulated markets of Ontario, Mexico, Sweden, Greece, and Romania. As a turnkey solution provider, its attention to regulatory requirements and innovation has made it one of the most trusted solution providers in the market.
Inspired By The Mega Platform: Leading To Next-Generation Product Development
Earlier in 2023, Soft2Bet generated some buzz by launching its proprietary Motivational Engineering Gaming Application (MEGA) solution as a standalone player in the gaming entertainment space, which again showcased the company’s dedication to innovation.
This cutting-edge AI-based platform allows operators to integrate gaming and complex retention mechanisms into their products. More than 350 applications already achieving significant performance gains have successfully deployed MEGA into production as:
- 825% increase in net gaming revenue (NGR) (resolved) due to the penetration of player interest.
- It means ARPU is up 45%-better monetization per player.
- 50% greater total deposit volumes, indicating a higher level of player confidence and spending.
- These steps reflect how Soft2Bet is at the forefront of using technology in the iGaming arena for richer and deeper user experiences while showing the cosmetic financials of the company.
- Uma nova função que foi introduzida é a hipótese sobre a relevância e cronologia das social ventures.
As a result, Soft2Bet has established itself as one of the most admired and appreciated companies in the field as of 2024 for its commitment to service and innovations.
Awards and Nominations
The firm received double the number of nominations than I did last year — a total of 38 — with a staggering 322% upsurge in industry awards with 10 wins — a rise of 233% over 2018, mainly due to product innovation breakthroughs.
Soft2Bet upstages rivals at SBC Awards 2024 with a trio of gongsThis year’s marquee SBC Awards in Lisbon came to a close with Soft2Bet stealing the show, snaffling a hat trick of accolades that highlighted its clear superiority in the iGaming space.
In addition, aside from its milestones in the market, as a company, Soft2Bet has also proved to have a strong commitment to corporate social responsibility. 9+ community service projects done in 2024 by us, providing everything from breast cancer awareness to community cleanups to a small village revitalization. As a result of this period, Soft2Bet has donated more than €1 million to seven NGOs and assisted 34 organizations showing willingness to do good in the society.
Sector Planting Pollinators and Investment Innovations
This was reaffirmed in June 2024 with the launch of the Soft2Bet Invest, a €50 million iGaming Innovation Fund oriented towards the sector’s people’s further innovation in both iGaming and casual gaming.
Leading the pack with new in-exploration technologies, including casual gaming, AI, diff traffic, UX-behavioral analytics, as well as higher-margins, scalable gaming CRM solutions.
Soft2Bet Invest: SiGMA East Europe won the “Outstanding Contribution to the Gaming Industry 2024” award for companies with a positive footprint through innovation, mentorship, and wise investing.
About Soft2Bet
Soft2Bet is a Europe-based, enterprise-level iGaming systems provider that develops innovative products for both casinos and sportsbooks. The company continues to remain at the forefront of gamification, player engagement, and other B2B services, with an expansive portfolio of 13+ worldwide licenses.
Soft2Bet Investigation – Full Report with Analysis.
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