Date: 16.04.2024

by Kajetan Sawicz

Last update: 08.05.2024 12:28

SOFTSWISS Expands Portfolio with Investment in SpinArena.net

SOFTSWISS, a global leader in iGaming technology, announced its acquisition of a significant stake in Ously Games GmbH, marking a milestone in its expansion into the social casino market.

Growth and Market Potential of Social Casinos

Social casinos blend popular casino games with social networking features, creating a unique and engaging player experience without the involvement of real money, as players use virtual currency for all transactions.

The social casino industry is burgeoning, with Business Research Insights projecting the global market to reach 10 billion euros by 2030. Approximately 85 million individuals engage daily in social casino games globally, illustrating the vast scale and potential of this market.

SpinArena.net, powered by Ously Games GmbH, has increased its player base, tripling it since the beginning of 2023 to over 700,000 players. Featuring more than 3,000 games from nearly 40 providers, the platform has achieved a significant milestone with an annual turnover of one million euros.

Strategic Insights from Leadership

Ivan Montik, Founder of SOFTSWISS, commented on the new venture, stating, “Anticipating the development of social casinos within the iGaming industry, SOFTSWISS made strategic investments to diversify its portfolio. Together, we aim to create a comprehensive platform for social casinos, enriching the robust ecosystem of iGaming products provided by our company.”

Jochen Martinez, founder of Ously Games GmbH, shared his enthusiasm about the partnership: “We are delighted to forge a strategic partnership with the global technology provider SOFTSWISS. This alliance brings invaluable insights, innovations, and profound expertise to both parties. The deal demonstrates our commitment to driving growth and mutual development. Collaborating with SOFTSWISS opens new horizons and ensures access to top-notch resources and support essential for thriving in the competitive iGaming landscape.”

 

 

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