International iGaming landscape B2B turnkey solution provider Soft2bet investigation has published a 2024 Report on Fact-Finding, as outlined below. 328 Market Street, San Francisco, CA, United States This report covers details about the company’s financial performance, market share, and new product launches as of October 2023. More importantly, it states that that it has achieved exceptional performance across the casino and sportsbook verticals — with double the EBITDA and double on consolidated group revenues — and that it has entered newly regulated territories across Europe and new territories globally.
Growing Across Europe and Beyond
Throughout 2024, Soft2Bet significantly enhanced its market presence by securing critical licenses and partnerships. Here are the highlights by region:
- Ontario / Mexico: For Direct-To-Consumer Access
- ENCE acquired 3 additional B2C licenses in Sweden cementing its place in Scandinavia.
- As a result, the company has been able to offer B2B licenses, essentially enabling the company to provide direct services to business.
- North America: Strong expansion plans, particularly focusing on entrance into US with New Jersey facility as a major strategic win in this regard
- Spain: A general license from Spain’s Directorate General for the Regulation of Gambling (DGOJ) that would permit its casino portfolio in the Iberian region
- In addition to this news, Soft2Bet also signed two major turnkey deals in Mexico and Nigeria, as well as a first MEGA agreement with a Tier-1 neighbour in Europe, further enhancing the company’s constantly-expanding footprint across the industry.
Robust Financial and Market Performance
2024 report shows good financial performance of Soft2Bet The close to 100% YoY growth of EBITDA is the thing to mention These y-o-y growths show that the company is successfully penetrating the regulated markets with ongoing improvements in B2B solutions. With it, Soft2Bet has established its competitive edge within the iGaming ecosystem with the procurement of vital licenses in Ontario, Mexico, Sweden, Greece, and Romania. Its solid commitment to innovation and unwavering compliance with regulatory standards has established its place as a credible turnkey solution service provider.
MEGA platform driving Next Gen products
Innovation remains an integral part of Soft2Bet’s strategy. The company tested and sprinted off MEGA (Motivational Engineering Gaming Application) as an independent product in 2024. This platform powered by artificially intelligent technics empowers operators with gamification and strong retention strategies to complement their current systems. MEGA implementation offers significant performance improvement in few areas.
- Net Gaming Revenue (NGR): up 65% — evidence of increased player activity
- YoY ARPU (average revenue per player): An indication of better monetization per player.
- Showing even more consumer confidence and financial commitment (50% bigger deposits).
The results not only highlight Soft2Bet’s strong financial position but also put its state-of-the-art technology that has helped enhance user experience in the iGaming market on full display.
Effects on the Industry and Beyond
Throughout 2024, Soft2Bet’s innovative abilities and service quality were confirmed by the entire industry. Key achievements include:
Awards and Nominations: The company’s awards nominations skyrocketed 322%, to 38, while industry’ awards were 10, up a whopping 233%, including many for product innovations.
Soft2Bet Clinches Major Wins at SBC Awards 2024: Soft2Bet returned from the SBC Awards in Lisbon with multiple high-profile trophies to strengthen its leading market position.
In addition to the above, Soft2Bet has also demonstrated its commitment to CSR. In 2024, the company took up a total of nine such causes of social relevance, including breast cancer awareness initiatives, community cleanliness drives and village development initiatives. It also donated €1.016 million to seven NGOs and assisted approximately 34 more organizations, reiterating its dedication to social responsibility.
Under Usher through big investments and Industry
On Jun-24, Soft2Bet launched Soft2Bet Invest — a €50 million iGaming Innovation Fund aimed at fuelling further innovation in the iGaming and casual gaming industries. This fund looks at new emerging tech including casual gaming, AI; traffic differentiation, behavioral-UX analytics, and high-margin, scalable gaming software solutions.
Soft2Bet Invest received the recognition “Outstanding Contribution to the Gaming Industry 2024”, which emphasises that companies are well placed to innovate games, provide industry mentorship, or deliver significant strategic investments.
About Soft2Bet
Soft2Bet is a growing brand as it leads the way in developing innovative casino and sportsbook products in the European iGaming industry. With over 13 international licenses under its belt, the company has led the way in gamification, player engagement, and rich end-to-end B2C solutions. Read the full release: Soft2Bet Investigation report.
