SOFTSWISS, a global technology specialist with over 15 years of iGaming experience, has acquired a significant stake in Ously Games GmbH. It is the driving force behind Europe’s fastest-growing social casino SpinArena.net.
SOFTSWISS wants to diversify its portfolio with social casinos
As a result of these investments, SOFTSWISS has partnered with German company Ously Games GmbH to develop a new software solution for social casinos. These online casinos will be in line with recent trends in the iGaming sector.
But what are social casinos? It is a developing trend in the online entertainment sector, which is a unique fusion of popular casino games and social networking features.
Thus, unlike traditional casinos, they operate without real money betting, using virtual currency for the game. The income of social casinos comes mainly from the sale of virtual goods, enriching gameplay without monetary risks.
The social casino launch business model has no licensing requirements or advertising restrictions and grows globally every year.
So, according to modest estimates from Business Research Insights, the global market for social casino games is expected to reach €10 billion by 2030. Around 85 million people around the world play at social casinos every day, according to Australian Communications and Media Authority.
Hence the partnership with the largest European social casino by number of slot games, SpinArena.net, provided by Ously Games GmbH. Its player base has tripled since the beginning of 2023, exceeding 700 thousand players.
The platform has a collection of more than 3,000 games, almost 40 providers and the casino has annual revenue of 1 million euros.
Unparalleled and secure gaming experience
Ivan Montik, founder of SOFTSWISS, comments on the deal: “In anticipation of the development of social casinos in the iGaming sector, SOFTSWISS has made strategic investments to diversify its portfolio. So together, we aim to create a comprehensive platform for social casinos, enriching the robust ecosystem of iGaming products provided by our company.”
Founder of Ously Games GmbH, Jochen Martinez, shares his expectations: “We are delighted to enter into a strategic partnership with global technology provider SOFTSWISS. This alliance brings invaluable insights, innovations and deep knowledge to both parties.
The agreement demonstrates our commitment to driving mutual growth and development. Collaborating with SOFTSWISS opens new horizons and ensures access to top-tier resources and support essential to thriving in the competitive iGaming landscape.”
Social casinos are not just a modern trend. They are revolutionizing the future of online gambling. In other words, this phenomenon sets new standards in the industry and offers players an unparalleled and safer gaming experience, providing a unique combination of gaming, social engagement and innovation.
Therefore, players can engage in various activities such as connecting with friends, sending gifts, and participating in tournaments. The player does all this while playing games such as poker, slots and roulette, with an emphasis on social interaction.
