Softswiss continues to acquire big industry names all over the world, and the most recent is purchasing stakes in Ously Games GmbH from Germany, following the acquisition of Turfsport in January 2024.

Acquisition of the biggest social casino in Europe

The company is best known for its popular social casino SpinArena.net, which is the largest social casino in the whole of Europe, and now Softswiss has a significant stake in it.

On the other hand, Ously Games will get a chance to try some of the most advanced technologies and modern solutions developed by Softswiss.

Social casinos recorded rapid growth in the recent period, so some people call it the future of gaming, and it seems that Softswiss recognized its potential. One of its main assets is gaming and betting without real money included, so it’s completely risk-free for players. Instead, they can use virtual currency to place their bets, and the revenue comes mostly from sales of virtual goods.

The good news for operators is that social casinos don’t require licenses, and there aren’t any advertising restrictions. According to Softswiss, the global social casino market will be worth around $10 billion by 2030. At the moment, around $85 million people are active on social casinos.

SpinArena.net currently offers more than 3,000 captivating games from about 40 providers. Its players network has more than 700,000 players, and its annual turnover is €1.0 million.

Softswiss’ founder, Ivan Montik, commented on the deal: “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, the owner of Ously Games, added: “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.”

Successful year

The year started well for Softswiss. In January, the company expanded to Africa through a deal with Turfsport. Turfsport is one of the leaders in the industry when it comes to sports betting, horse racing, and lotto. Its operations in South Africa are recognized by more than 40 operators who want to partner with the company in this market.

Andrey Starovoitov, co-CEO, thinks that the African expansion is the natural next step for Softswiss since that market keeps growing rapidly, becoming more and more important in the global iGaming industry. He said: “With this agreement, Softswiss takes a significant step forward in its extensive expansion into South Africa and the African continent. I believe this region is becoming the next focal point globally, following Latin America.”

Source: “Softswiss takes stake in major European social casino”. iGamingBussines. April 17, 2024.

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Lottery.com, a prominent online lottery services provider, has made a strategic move in the digital entertainment landscape by acquiring S&MI Ltd, the parent company of SportLocker, and simultaneously launching it as Sports.com. This acquisition will see Sports.com emerge as a next-gen digital sports entertainment platform, blending innovative community-driven features with expansive content and technology.

The Two Companies Share a Common Vision

The acquisition of SportLocker is part of Lottery.com’s accelerated growth strategy, focusing on premium content bundling and optimizing direct connections with Mobile Network Operators (MNOs) for efficient user acquisition. The rebranded Sports.com platform aims to attract exclusive marketing partners to drive sustainable brand growth, leveraging the synergies with its new parent company.

Sports.com is ready to revolutionize digital sports entertainment by introducing a platform that combines 24/7 sports news, live streaming, and a wealth of exciting content, including original documentaries, films, and exclusive behind-the-scenes access. SportLocker founding partner Tim Scoffham noted that the acquisition aligned with his vision for the platform and would elevate it to new heights.

The synergies between SportLocker and Sports.com represent a game-changing evolution in our mission to deliver unmatched sports experiences to fans worldwide.

Tim Scoffham, SportLocker founding partner

Initially launching in the USA and Europe, with concentrated efforts in the Middle East, Sports.com has ambitious global expansion plans. Targeting high-energy sports such as soccer, motor racing, football, MMA, and ice hockey, the platform aims to become a global destination for sports enthusiasts. Sports.com aims to provide fans with engaging content, creating a new era of sports engagement.

Throughout 2024, Sports.com plans to introduce additional features and invest in innovative technologies, emphasizing community building and social media interactions with sports stars. A core aspect of Sports.com’s strategy involves leveraging established partnerships with MNOs to offer localized branded sports content services, creating mutual value.

The platform is also committed to launching a dedicated program exclusively for women’s sports, showcasing innovative fan engagement methods, sponsorship acquisition, and revenue generation for clubs and teams. Matthew McGahan, chairman and CEO of Lottery.com and Sports.com, noted that integrating SportLocker would deliver enhanced content and technology, connecting fans worldwide.

The introduction of our media platform is just a glimpse of how we intend to bring fans closer to the sports they love.

Matthew McGahan, Lottery.com and Sports.com chairman and CEO

Lottery.com has transformed how users engage with lottery with its engaging mobile and online platforms. The company’s bold foray into the world of digital sports entertainment with the launch of Sports.com underlines a commitment to innovation, growth, and community building in the intersection of sports and technology, setting the stage for enduring success.

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The Malta Financial Services Authority (MFSA) has granted a license to Xace, the specialist financial institution that offers accounts and payments for the iGaming industry with licenses in Canada, Malta, and the UK.

Xace to Accelerate Its Growth in the EU 

Thanks to the new certification, the pioneering payment provider that offers segregated and named business accounts, along with local and cross-border payments and the Forex exchange market, is expected to speed up its growth across the European Union. 

The fresh license from the prestigious body responsible for regulating banking, financial institutions, payment institutions, insurance companies and insurance intermediaries, investment services companies, company services providers and pension schemes, among others, will further improve Xace’s reputation, turning it into a critical player in the iGaming market.

The company has already proven to be an unrivaled payment provider in the industry thanks to its dedicated account management, business development, and customer support with expanded gaming backgrounds in Europe, the UK, and North America. 

Since its inception, Xace has been determined to simplify the way financial transactions are done in the gaming world. The new MFSA license will be used to strengthen its commitment to meeting the specialized payment needs of the iGaming industry. 

The latter is often met with a series of hardships tied to conventional financial institutions. Accordingly, the new license will not only mark a fresh beginning for Xace but also for the entire iGaming industry across the Old Continent by providing access to a more stable payments and business account solution.

“Uniquely Positioned” to Enhance Its Offering 

Commenting on the news of the new license, Xace’s group chief executive officer, David Hodkinson, enthusiastically spoke about their clear mission “to offer an effective alternative to traditional banking for the iGaming sector” while reiterating the unique position that the MFSA license has now given them. 

Namely, Hodkinson explained the license will allow them to improve their offering of premium, trustworthy payment solutions to both European and Maltese gaming companies.

At the same time, Xace Europe’s chairman, Roderick Psaila, who was also actively involved in obtaining the license, called it “a milestone” while explaining the iGaming industry was in desperate need of financial providers that are stable, secure, and reputable. 

Psaila also took the opportunity to thank the MFSA for “their diligent and efficient contribution” during the application procedure, calling them a robust regulator with approachable guidance.

MFSA can grant, refuse, cancel or suspend licenses given to financial institutions and impose administrative penalties on the same entities under certain circumstances.

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In a move that adds intrigue to the recent acquisition of a majority stake in the Dallas Mavericks by Las Vegas Sands Corp. matriarch, Miriam Adelson, it has come to light that an entity linked to the gaming giant purchased a significant parcel of land in Irving, Texas, just months prior to the high-profile sports deal.

Village Walk RE 2 LLC’s Acquisition Signals Sands’ Strategic Move Near Former Texas Stadium Site

The 108-acre property, located across from the former Texas Stadium site, was procured by a limited liability corporation named Village Walk RE 2 LLC in July, according to state records. The LLC’s address, 5420 S. Durango Dr. in Las Vegas, coincides with the business address of Sands, indicating a clear association between the two entities as reported by The Dallas Morning News.

While the intended use of the acquired land remains undisclosed, city officials in Irving have long sought a standout project for the area, envisioning a transformational development. The former Texas Stadium site, which was demolished in 2010, has been in use as a highway construction staging area.

Ron Reese, a spokesperson for Sands, affirmed the purchase, emphasizing the company’s enduring interest in the Texas and Dallas-Fort Worth region. Reese clarified that the acquisition was independent of the Adelson family’s Mavericks deal and was made with the anticipation of realizing Sands’ long-standing goal of constructing an integrated resort property in the D-FW area.

Efforts to expand gambling, including Sands’ envisioned resorts, have faced obstacles in the state legislature for years, but recent progress during the legislative session signals a potential shift. Sands remains committed to its vision of an integrated resort in the area and hints at future acquisitions in the region.

Irving Wants to Transform 108-Acre Property from Trucking Terminal to Urban Oasis

Irving’s economic development director, Beth Bowman, refrained from divulging details about the buyer back in July, but now acknowledges the transaction. She emphasized the city’s enthusiasm for developing the former stadium site into a mixed-use space, encompassing housing, retail, and entertainment.

The 108-acre property, previously a North Texas trucking terminal, is connected to the old Texas Stadium site by a new $45 million bridge. The city plans to develop over 400 acres, including the former stadium site, into a vibrant urban environment.

Mark Cuban, the current owner of the Dallas Mavericks, expressed interest in collaborating with Sands to build a new arena in Dallas, potentially integrated with a casino resort. However, legislative approval for gambling in Texas remains a prerequisite for realizing this ambitious vision.

As Sands continues to shape its footprint in the region, the recent land acquisition and the Mavericks deal have ignited speculation about the future of legalized gambling and sports betting in Texas. 

Analysts suggest that Texas, a substantial untapped market, could benefit from gambling tourism, with the Adelson family’s political and financial clout potentially playing a pivotal role in pushing for legislative changes.

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LeoVegas has made a move by acquiring Push Gaming in a deal valued at €350 million (USD $405 million).

The acquisition, set to be finalized in the fourth quarter of 2022, entails the Malta-based online casino LeoVegas brand gaining ownership of Push Gaming’s shares.

Push Gaming is recognized as a provider of online slot games, boasting an impressive collection of over 50 titles.

Showing growth, the company’s revenue surged by 50% in 2021.

LeoVegas, a leading operator in the casino domain with a presence across more than 100 countries, has been experiencing rapid expansion.

In fact, their revenue soared by 40% year over year.

This acquisition marks a triumph for LeoVegas as it propels them forward in the online slots market.

With Push Gaming’s popular online slot games highly sought after by players LeoVegas expects to attract customers and retain their existing player base successfully.

“With an impressive catalogue of games that include fan favourites such as Razor Shark, Wild Swarm and Big Bamboo, Push Gaming will boost the group’s exposure into the booming slots content category and add key proprietary technologies essential for continued international growth,” LeoVegas said.

The consolidation trend within the gambling industry is further emphasized through this deal.

Companies are actively seeking scale and market share through acquisitions that have taken place over the years.

LeoVegas acquisition of Push Gaming represents a milestone that is anticipated to have far-reaching implications for the online gambling industry.

More online casino news

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Maverick Gaming, a company that develops, owns, and operates top-notch hotels with gaming facilities, has reinforced its portfolio with another property. As announced, the operator acquired the All-Star Lanes & Casino in Silverdale, Washington, further expanding Maverick Gaming’s footprint in the state.

All-Star Lanes & Casino is an entertainment venue that offers a variety of engagement options to its visitors. The property boasts a variety of gaming and poker tables for gambling enthusiasts, as well as 40 lanes of bowling. Video game enthusiasts can visit the arcade and play one of the many games available. After a long day of gaming and gambling, visitors can have a coffee or dinner at one of All-Star’s dining options.

All-Star, as a company, was founded in 1985. It currently fields more than 150 employees. Thanks to its popularity, the venue will be a valuable addition to Maverick Gaming’s portfolio.

All-Star will be Maverick Gaming’s 23rd card room in the state of Washington. The latter company currently operates a number of brands and properties across Nevada, Colorado and Washington.

Maverick Gaming Is Excited to Expand in Washington

Maverick Gaming’s chief executive officer and majority owner, Eric Persson, said that his team is proud to invest in Washington and grow its presence in the State. He added that his team hopes to establish a lasting relationship with Silverdale’s community and create many new jobs for the locals.

Maverick Gaming is proud of its ongoing investment in local communities and jobs across our state. We all look forward to building partnerships with the community of Silverdale, supporting family wage jobs and investing in a great local entertainment center.

Eric Persson, CEO, Maverick Gaming

Earlier this year, Maverick Gaming and Bally’s Corporation joined forces at Tropicana Las Vegas. Under the agreement between the two gambling powerhouses, the former party established a Maverick Gaming Poker Room at the Tropicana.

The new facility was designed to appeal to new and seasoned poker players alike and channel customers toward Bally’s LV property. Back then, Persson agreed to participate in Bally’s Big Bet Poker, generating extra hype for the new facility.

In May, Maverick Gaming picked PayNearMe’s MoneyLine product to bring the most comprehensive payment experience to consumers. The best-in-class payment solution helped the operator change the game and make payments more intuitive for players.

Last year, Maverick Gaming finalized its huge $80.5 million dollar acquisition of Evergreen Gaming.

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Geolocation specialist GeoComply has unveiled a new acquisition that will strengthen its business. According to the announcement, the company acquired OneComply, a supplier of comprehensive solutions that help gambling operators in regulated jurisdictions manage their obligations.

Modern iGaming is a dynamic and ever-evolving landscape that may be very difficult for companies to navigate. Each region has its own specific set of rules and as more and more markets regulate online gaming, remaining compliant becomes an increasingly hard task.

Luckily, OneComply’s platform provides companies with everything they need to ensure that they follow the rules. Thanks to the company’s solutions, operators can automate compliance, saving time and resources and preventing potential fines.

GeoComply has already used OneComply’s services and is well aware of the platform’s benefits and strengths. By acquiring OneComply, GeoComply will be able to provide the compliance specialist’s varied set of tools and solutions to its customers. OneComply’s portfolio includes a plethora of tools, covering the entire licensing process, from application to ongoing compliance management.

GeoComply Welcomed OneComply to the Family

GeoComply, which serves many companies in the gaming and financial technology sectors and beyond, is very happy with its new acquisition. Anna Sainsbury, chief executive officer of GeoComply, said that all previous interactions with OneComply have been positive. Because of that, the geolocation expert is excited to welcome its new subsidiary to the GeoComply family.

Licensing organizations and key individuals is necessary but can be a painful process for any entity working in regulated industries such as gaming or fintech. As an existing OneComply customer, we know just how much OneComply eases that pain, not just for us but also for the regulators administering the process.

Anna Sainsbury, CEO, GeoComply

Sainsbury noted that the inclusion of OneComply’s licensing platform in GeoComply’s portfolio will allow the latter company to help its customers maintain a gold standard in compliance and risk services.

She concluded that OneComply’s vast knowledge of regulatory matters will complement GeoComply’s geolocation savvy, helping the two companies meet the needs of the gambling sector and other regulated industries.

Cameron Conn, co-founder and chief executive officer of OneComply, also voiced his thoughts on the M&A deal. He admitted that GeoComply has always been an inspiration to him and Aaron Gould, OneComply’s other founder. As a result, the two of them are “super excited” about joining the broader GeoComply team.

I am sure that together we will amplify and enhance our world-class compliance and licensing solutions for regulated industries around the globe.

Cameron Conn, co-founder & CEO, OneComply

GeoComply and OneComply did not make the financial aspect of their deal public.

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MGM Resorts International announced on May 1 that its subsidiary, LeoVegas, has agreed to acquire the majority of game developer Push Gaming Holding Limited and its subsidiaries. 

LeoVegas Expands Content Production Capabilities with Acquisition of Push Gaming

Push Gaming is an industry-leading creator of digital games for betting and gaming companies, offering over 30 games to more than 200 operators globally. Push Gaming’s proprietary technologies, intellectual property, and development expertise will bolster the content production capabilities of LeoVegas and support its plans for continued growth through expansion.

As part of LeoVegas, Push Gaming will remain under the same management team, and its 100+ employees will continue to develop high-quality games, distributed via their platform and remote gaming server. The transaction is subject to regulatory and customary approvals and is expected to be completed in the third quarter of 2023.

LeoVegas is a leading international iGaming company. It offers online casino, live casino, and sports betting via 10 brands in nine jurisdictions. LeoVegas continues to grow rapidly, currently employing over 1,000 people in Europe, including at its headquarters in Stockholm and operations hub in Malta. 

MGM Resorts International finalized its $607 million acquisition of the company back in August. The takeover bid had a price tag of $6.20 per LeoVegas share. MGM’s goal with the deal was to increase its profits and influence in the European market and accelerate the global growth of both brands.

Push Gaming Acquisition Aligns with MGM’s Vision for International Growth

Gary Fritz, President of MGM Resorts International Interactive, stated that the acquisition of Push Gaming by LeoVegas aligns with the company’s vision to expand MGM Resorts’ digital gaming presence internationally and to grow its capabilities and products over the next several years. 

Fritz also noted:  “We are pleased to bring Push Gaming into our business as it brings a track record of developing games that are popular and have staying power in the industry as well as an exceptional management and operating team.”

LeoVegas CEO Gustaf Hagman expressed his excitement in welcoming Push Gaming, noting that the management team at Push Gaming has had a phenomenal journey, quickly growing the company from a small start-up to a player with outstanding proprietary content and a strong customer base. Hagman stated that they look forward to contributing to Push Gaming’s continued success moving forward.

Founded in 2010, Push Gaming moved from land-based to online gaming in 2015, developing high-quality online slots such as Razor Shark, Wild Swarm, Big Bamboo, and Jammin Jars. The company’s distribution platform includes direct integrations with major gaming operators worldwide.

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