The online crypto casino market has seen a huge shift after Softswiss acquired a stake in Europe’s social casino SpinArena.
Softswiss Acquire Stake In Europe’s Social Casino SpinArena
Softswiss has formed a partnership with Ously Games after incurring a stake in the company and OG are a key factor in SpinArena.net becoming one of the most popular social casinos in Europe.
These investments will be put towards a new software solution for social casinos, as it works in cohesion with current igaming factors and the implementation of digital currency.
Social casinos have continued to rise in the online gambling and entertainment sector, giving users a mix of traditional casino games and other core features.
Specifically, SpinArena.net has been a huge success under the OG umbrella and is now the biggest social casino in Europe in terms of available slot games.
The site has seen a huge increase in users, with the number of registered players tripling since 2023 and reaching over 700,000 users.
Around 40 game providers are working with the social casino site, which has boosted its number of games to 3,000 and is set to increase even more.
A report by Business Research Insights revealed that the social casino market across the world is set to exceed $10bn by 20230.
Currently, 85 million take part in social casinos per day following research from the Australian Communications and Media Authority.
Ivan Montik, from Softwiss, spoke about the steps that will be taken following this partnership and building a ‘comprehensive platform.’
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.”
Founder of Osualy Games, Jochen Martinez, has also expressed his delight about joining with Softswiss and how it will help in a tight competitive igaming market.
He said: “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.”
