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Softswiss has acquired a significant stake in the German enterprise Ously Games GmbH, to develop a new software solution for social casinos.
Ously Games is the provider of SpinArena.net, a social casino that operates in Europe and has a collection of over 3,000 games from 40 providers.
Social casinos don’t involve real-money betting and instead use virtual currency within the gameplay, with their revenue coming from virtual goods sales.
Also, launching a social casino does not have any licence requirements or advertising restrictions and is a market that continues to grow, highlighted by SpinArenea.net tripling its player base since the beginning of 2023.
Softswiss Founder Ivan Montik said: “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.”
Ously Games GmbH Founder Jochen Martinez 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.
“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.”
Last week, Bluebet entered into a binding Assest Sale Agreement to acquire Betr, suggesting this move will allow it to increase scale and market share, significant operational synergies and a platform for further growth.
Gambling Insider also recently looked into sweepstakes in the US – casinos without the gambling.
