SoftSwiss 2021 more than doubled financial results from 2020

softswiss-2021-more-than-doubled-financial-results-from-2020

News Online 28 Dec 2021

SoftSwiss: 2021 more than doubled financial results from 2020

By Michael Bartlett

SoftSwiss’ Game Aggregator has revealed its preliminary financial results for 2021.

Compared to 2020, SoftSwiss said all of its financial results have more than doubled. One example was its average monthly gross gaming revenue (GGR), which it said soared to €200m ($2.25m) from €88m in 2020.

Similarly, the supplier said average bet sum exceeded the €5bn per month mark, up 130% from €2.2bn the previous year.

Annual GGR and bet sum also increased “significantly,” the company continued, from a cap of €130m in January 2021 to more than €250m in December. The same trend was demonstrated with the sum of bets, which almost doubled: from €3.3bn to €6.5bn.

The company attributed much of the increase to the fact the SoftSwiss Game Aggregator began to deliver games to several new markets: Japan, Brazil, Argentina, India and Tunisia.

Among all currencies used by players at its game operators, SoftSwiss said crypto made up about 40% in 2021, up from 20% in 2020. Bitcoin remains the most popular cryptocurrency at 83.3%.

In the past year, the supplier partnered with more than 60 clients and 20 game providers. Currently, the SoftSwiss Game Aggregator offers entertainment content from some 170 game studios, more than 11,800 games, with more than 3,000 games optimised for cryptocurrency.

The most popular games in its portfolio are Sweet Bonanza (Pragmatic Play), Book of Dead (Play’n Go), and Fire in the Hole xBomb (Nolimit City).

“SoftSwiss has long been known as a B2B crypto solution provider, and this past year has proven that once again,” Andrey Starovoitov, COO, said in a statement.

“Cryptocurrencies are an obvious trend in the gambling industry, so in our development we put special emphasis on their use. The 2021 figures are the expected result of the company’s strategy to expand its portfolio with crypto products.”

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