SOFTSWISS Secures South African Certification Expands Market Presence After Turfsport Acquisition

Back SOFTSWISS Secures South African Certification Expands Market Presence After Turfsport Acquisition

SOFTSWISS, a renowned provider of software solutions for the iGaming industry, has successfully secured the green light in South Africa. The company has been granted a Letter of Certification (LoC) by the National Regulator for Compulsory Specifications (NRCS) for both its Casino Platform and Sportsbook. This certification comes under the South African B2B manufacture license, enabling SOFTSWISS to solidify its presence in this rapidly growing market.

Acquisition and Alignment with Turfsport

The path to this certification was paved through the strategic purchase of a significant stake in Turfsport, a veteran South African software supplier with 35 years of industry experience. Earlier this year, SOFTSWISS finalized its acquisition, integrating its product offerings with those of Turfsport. This move enhanced SOFTSWISS's capacities and enabled a seamless entry into the South African market, where Turfsport already had a significant presence.

A recent survey accomplished by InfoQuest sheds light on gambling habits in South Africa. The survey reveals that sports betting is the most dominant form of gambling, with individuals placing bets on sports around 12 times a month on average. Casino gambling and horse betting see expanded popularity on weekends, while lottery and online betting activities are dispersed throughout the week due to their online accessibility. Additionally, the survey shows that the typical South African gambler participates in three different types of gambling several times per month, showing the important role gambling plays in the nation's leisure activities.

’’ The comprehensive SOFTSWISS South African market review is available for free and offers valuable insights into these emerging trends.’’

The not-so-long-ago published SOFTSWISS market review for South Africa shows a high growth in interest in esports and fantasy sports, especially among younger, tech-savvy individuals. According to Statista, 51% of survey participants in South Africa are interested in esports betting. Additionally, the National Gambling Board (NGB) reports that 39% of players are inclined towards fantasy sports betting, particularly in sports such as soccer, cricket, and rugby. These trends mirror global patterns and suggest that these sectors have a bright future in the South African market.

Comprehensive Overview of SOFTSWISS

SOFTSWISS is a global technology corporation specializing in software solutions for handling iGaming projects. With a crew of over 2,000 professionals, the company operates out of Malta, Poland, and Georgia. SOFTSWISS holds multiple gaming licenses and offers a wide range of iGaming software solutions. Its product portfolio includes the Online Casino Platform, the Game Aggregator which hosts thousands of casino games, the Affilka affiliate platform,the Sportsbook Platform, and the Jackpot Aggregator. Notably, in 2013, SOFTSWISS was the pioneer in launching a Bitcoin-optimized online casino solution.

The certification by the NRCS marks a pivotal step for SOFTSWISS as it continues to expand its operations in South Africa. By acquiring a significant stake in Turfsport, SOFTSWISS has not only gained access to the South African market but also enhanced its product offerings. This strategic move is expected to open up new opportunities and drive growth in the region.

As the interest in various forms of gambling continues to rise, particularly in esports and fantasy sports, SOFTSWISS is well-positioned to capitalize on these trends. The company's comprehensive suite of products and established reputation in the iGaming industry provide a solid foundation for future success.

SOFTSWISS's achievement of obtaining certification in South Africa underscores its desire to expand its global footprint and deliver top-notch iGaming solutions. The strategic acquisition of Turfsport and the alignment of its product portfolios have set the stage for SOFTSWISS to thrive in the South African market. With the growing popularity of sports betting, esports, and fantasy sports, SOFTSWISS is poised to make significant strides in this dynamic industry.

Vitali Matsukevich, Chief Operating Officer at SOFTSWISS, comments: "South Africa will be one of the key markets for SOFTSWISS in the coming years. It has immense potential, driven by increasing internet penetration, lower mobile internet costs, and affordable mobile devices. Additionally, the local audience shows a strong interest in gambling, which further supports our decision to expand here."

Source:

''SOFTSWISS Expands in South Africa with New Certifications'' Press Release. July 02, 2024.

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