Latest news with #Soft2Bet
Reuters
3 days ago
- Business
- Reuters
Soft2Bet's Martin Collins Unveils Vision for the Future of iGaming in Exclusive Interview with The European
LONDON, United Kingdom, June 3, 2025 (EZ Newswire) -- In a wide-ranging and insightful interview, opens new tab with Juliette Foster for The European Magazine, opens new tab, Martin Collins, Chief Business Development Officer at Soft2Bet, opens new tab, shared the company's bold vision for the future of iGaming, highlighting its innovation-led growth, strategic expansion, and pioneering use of AI and gamification. Opening with the staggering growth of the global iGaming industry, from $70 billion in 2022 to a projected $125.6 billion by 2027, Foster set the stage for a deep dive into how Soft2Bet is not only keeping pace, but leading the charge. Founded in 2016, Soft2Bet, opens new tab has become a standout in the iGaming sector, offering turnkey solutions that combine cutting-edge technology with immersive user experiences. Collins emphasised that the company's success stems from its ability to rethink traditional models and focus on user engagement, rather than transactional interactions. The conversation also explores the company's use of AI and data analytics to personalise user journeys. Collins describes how Soft2Bet segments users into behavioural cohorts, tailoring experiences to individual preferences and continuously refining them through machine learning. Looking ahead, Soft2Bet is planning to expand into new markets including New Jersey and Nigeria, with a focus on local partnerships and tailored brand experiences. We have also successfully penetrated North America through Canada. The company's long-term vision is to be a top-three operator in every market it enters, while continuing to shape the future of iGaming through innovation, localisation, and customer-centric design. Soft2Bet's commitment to innovation is further underscored by its €50 million Soft2Bet Invest fund, launched in 2024 to support startups and emerging technologies in the gaming sector. Unlike traditional VC models, the fund offers not just capital but real-world integration and battle-testing opportunities. The exclusive video interview is available to watch on The European's YouTube channel, opens new tab. About CP Media Global Limited The European is a quarterly business publication by CP Media Global Ltd, based in London and established in 2008. Available in both print and digital formats, the magazine is distributed globally at major events, trade fairs, and airports, reaching a wide network of decision-makers across Europe, MENA, LATAM, North America, and Asia. Covering a broad spectrum of topics — including Banking & Finance, Foreign Direct Investment, Sustainability, ESG, Energy, Shipping, Aviation, Technology, Real Estate, and Business Travel — The European delivers in-depth reporting and analysis on key trends shaping the global business landscape. With a commitment to thought-provoking and objective journalism, the magazine offers expert insight, success stories, and strategic perspectives to help leaders navigate the evolving economic, political, and cultural environment. For more information, visit Media Contact Jonathan Edwardsenquiries@ ### SOURCE: CP Media Global Limited Copyright 2025 EZ Newswire See release on EZ Newswire
Geek Girl Authority
15-05-2025
- Business
- Geek Girl Authority
Soft2Bet's 2024 Research Report: Key Insights on Casino and Sportsbook Brands
Soft2Bet, a prominent B2B provider of turnkey solutions in the European iGaming market, has released its 2024 Soft2Bet Research Report, offering a comprehensive analysis of the company's impressive financial growth, market expansion, and product innovation. The report highlights Soft2Bet's strategic successes within the casino and sportsbook sectors, including doubling its EBITDA, increasing consolidated group revenue, and expanding into regulated markets across Europe and beyond. For more insights, visit Expansion Across Europe and Global Markets In 2024, Soft2Bet reinforced its position in regulated markets by securing strategic licenses and partnerships: Ontario & Mexico : Obtained B2C licenses for direct player engagement in these regions. : Obtained B2C licenses for direct player engagement in these regions. Sweden : Expanded with three additional B2C licenses, enhancing its footprint in the Scandinavian market. : Expanded with three additional B2C licenses, enhancing its footprint in the Scandinavian market. Greece & Romania : Acquired B2B licenses, enabling Soft2Bet to provide turnkey services to operators in these markets. : Acquired B2B licenses, enabling Soft2Bet to provide turnkey services to operators in these markets. United States : Made notable progress in entering the U.S. market, with a focus on New Jersey, aligned with its North American expansion strategy. : Made notable progress in entering the U.S. market, with a focus on New Jersey, aligned with its North American expansion strategy. Spain: Secured a general casino license from Spain's Directorate General for the Regulation of Gambling (DGOJ), allowing Soft2Bet to offer its products in the Spanish market. In addition to these licenses, Soft2Bet completed two major turnkey agreements in Mexico and Nigeria, and secured a strategic partnership through its MEGA platform with a leading European operator, further cementing its standing in the global iGaming industry. Financial Growth and Market Performance Soft2Bet's financial performance continued to thrive in 2024, with the company achieving a remarkable milestone by doubling its EBITDA compared to the previous year. This growth was driven by its expansion into regulated markets and the continuous refinement of its B2B product offerings. Securing licenses in key regions such as Ontario, Mexico, Sweden, Greece, and Romania has further enhanced Soft2Bet's competitiveness within the iGaming sector. The company's unwavering commitment to regulatory compliance and technological innovation has not only bolstered its financial performance but also solidified its reputation as a premier turnkey solutions provider. Product Innovation as a Pillar of Success In 2024, Soft2Bet reinforced its focus on innovation by transforming its Motivational Engineering Gaming Application (MEGA) into an independent solution. The platform integrates advanced AI-driven personalization tools, enabling operators to seamlessly incorporate gamification and sophisticated player retention strategies. The impact of MEGA's implementation has been profound, leading to: 65% increase in Net Gaming Revenue (NGR) , reflecting improved player engagement. , reflecting improved player engagement. 45% growth in Average Revenue Per User (ARPU) , indicating better monetization per player. , indicating better monetization per player. 50% increase in deposit amounts, showcasing heightened player trust and investment. These results have not only driven financial growth but have also positioned Soft2Bet as a leader in technology-enhanced user experiences. MEGA's success highlights Soft2Bet's commitment to providing innovative solutions that meet the evolving demands of the iGaming industry. Industry Recognition and Corporate Responsibility Soft2Bet's efforts towards innovation and market leadership were widely recognized in 2024, further solidifying its position as a responsible and influential entity in the industry: 38 industry award nominations , representing a 322% increase from the previous year. , representing a from the previous year. 10 industry awards, including recognition at the SBC Awards in Lisbon. Corporate Social Responsibility (CSR) Initiatives Soft2Bet demonstrated strong corporate social responsibility in 2024 by launching nine significant community initiatives, including: Breast cancer awareness campaigns. Environmental cleanup initiatives. Village restoration programs. Additionally, the company donated over €1 million to seven NGOs and supported 34 organizations, further underscoring its commitment to positive social impact. Soft2Bet Invest: A €50 Million Fund for iGaming Innovation In June 2024, Soft2Bet launched Soft2Bet Invest, a €50 million innovation fund designed to support startups in the iGaming and casual gaming sectors. The fund focuses on innovations in casual gaming, AI, traffic optimization, behavior UX analytics, and high-margin, scalable gaming software with strong profitability. Industry Contribution Award The Soft2Bet Invest initiative was recognized at SiGMA East Europe, where it received the 'Outstanding Contribution to the Gaming Industry 2024' award for its significant impact on innovation, mentorship, and investment in the industry. These achievements highlight Soft2Bet's vital role in shaping the future of iGaming, emphasizing its ongoing dedication to technological innovation, corporate responsibility, and its role as an industry leader. On Location: The Armour-Stiner Octagon House on POKER FACE RELATED: Read our recap of Poker Face , 'Last Looks'
