Soft2Bet, a leading iGaming operator and solutions provider, has obtained a General Licence for other games from Spain’s Directorate General for the Regulation of Gambling (DGOJ). This approval allows Soft2Bet to offer its casino products in the Spanish market, reinforcing its dedication to responsible and compliant online gaming operations.
With the newly secured licence, Soft2Bet is set to expand its offerings in Spain, focusing on providing localised and gamified experiences tailored to player preferences. The company aims to align its services with the evolving demands of the Spanish market, ensuring a secure and engaging environment for players.
Spanish Market Entry and Expansion
Soft2Bet’s operations span multiple regions, and the company leverages its proprietary Motivational Engineering Gaming Application (MEGA) to deliver customisable and scalable solutions. MEGA combines standardised offerings with bespoke features, allowing partners to benefit from personalised gaming experiences.
David Yatom Hay, General Counsel at Soft2Bet, emphasized the significance of this milestone, stating: "Securing this licence in Spain marks a significant step in our ongoing expansion and reinforces our commitment to compliance and responsible gaming. Our rapid growth and dedication to industry standards enable us to provide exceptional gaming experiences tailored to the needs of Spanish players and market alike."
Beyond Spain, Soft2Bet is eyeing additional markets, including New Jersey in the United States. The company’s strategy is to enhance its presence across key jurisdictions, further establishing itself as a global leader in online gaming solutions.
As a small reminder, Soft2Bet has recently signed a multi-year turnkey agreement with leading Nigerian media company Channels Media Group. Thanks to this cooperation, the supplier got the chance to provide its powerful platform solution and Managed Services in the largest regulated market in Africa.
2024 Growth Report Highlights
In its recently unveiled 2024 Growth Report, Soft2Bet showcased impressive financial and operational achievements. The report highlighted a significant year-over-year increase in EBITDA and consolidated group revenue, reflecting the company's expanding presence in regulated markets and continuous product innovation.
Soft2Bet's market expansion in 2024 saw the company securing licences in key territories such as Ontario and Mexico for B2C operations, alongside additional approvals in Sweden, Greece, and Romania. The report also noted the company's strategic efforts to enter the U.S. market, focusing on New Jersey.
The company's Motivational Engineering Gaming Application (MEGA) played a critical role in driving growth, with enhancements in AI-driven personalization tools boosting key performance indicators. This innovation led to a 65% increase in Net Gaming Revenue (NGR), a 45% rise in Average Revenue Per User (ARPU), and a 50% increase in deposit volumes.
In 2024, Soft2Bet received industry-wide recognition, securing 38 award nominations—an increase of 322% from the previous year—and winning 10 accolades for product innovation.
Corporate social responsibility remained a priority, with Soft2Bet launching nine initiatives, including community cleanups and fundraising efforts. The company donated over €821,000 to various NGOs, supporting 34 organizations globally.
Source:
“Soft2Bet secures general licence for other games in Spain”, soft2bet.com, January 23, 2025.
PixelPirate89 3 months ago Newbie
Impressive moves from Soft2Bet! Securing the Spanish license opens up exciting opportunities, and the growth report highlights their ambitious plans for the future. Can't wait to see what they achieve in 2024 and beyond!
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