Latest News
Real Money Function to Reinforce SOFTSWISS Game Aggregator’s Tournament Tool
The ‘Only Real Money’ setting is the SOFTSWISS Game Aggregator’s new update to its recently launched Tournament Tool. The feature allows operators to calculate tournament results based solely on real-money bets and wins, thereby ensuring a greater focus on players who generate real profit for casinos.
Previously, tournament results were determined by including both bonus and real-money bets in the calculation process. The new feature strategically excludes bonuses from the equation, providing a compelling incentive for players to engage in real-money bets. By unlocking this opportunity, the Game Aggregator anticipates a surge in deposits and, consequently, real business revenue growth for operators.
As a result, operators can now curate events on their platforms, leveraging more profit-generating mechanics. The ‘Only Real Money’ logic amplifies the efficiency of the Tournament Tool while allowing operators to increase their revenue streams and elevate retention rates without compromising the thrill for tournament enthusiasts.
Tatyana Kaminskaya, Head of SOFTSWISS Game Aggregator, sees great value in this new feature and states: “The ‘Only Real Money’ setting brings cost-effectiveness into play, enhancing the efficiency of tournaments and accelerating their payback. By redirecting the costs towards real profit rather than bonus turnover, casinos can ensure that their investments in players generate substantial returns.”
To facilitate the flawless operation of the new feature, the active involvement of casinos is pivotal. By engaging in the process, operators will have the opportunity to set configurations on their side and collaborate with the SOFTSWISS Game Aggregator to establish the criteria for qualifying bets. Based on the received information, the product team will be able to highlight bonus-based wins and keep them separately from the leaderboard. This capability underscores the Game Aggregator’s commitment to meeting the diverse goals and needs of its operators and showcases the adaptability and versatility of its proposition.
Overall, this year is brimming with significant achievements for the Game Aggregator. Building on the previous success, the SOFTSWISS Game Aggregator has secured the prestigious ‘Aggregator Platform’ title at the EGR B2B Awards 2023 reaffirming its position as an industry leader in innovation for the second year in a row. And the introduction of the Tournament Tool, now featuring the ‘Only Real Money’ functionality, exemplifies the team’s unwavering commitment to excellence through technological innovation.
SOFTSWISS will be attending iGB L!VE 2023 on 11–14 July at stand P22, showcasing the array of its high-performing products and solutions, including the Game Aggregator with its latest updates. Visitors to the exhibition will have the opportunity to explore these advancements firsthand at SOFTSWISS’ stand.
About SOFTSWISS
SOFTSWISS is an international iGaming company supplying certified software solutions for managing gambling operations. The expert team, which counts 1,400 employees, is based in Malta, Poland, Georgia, and Belarus. SOFTSWISS holds a number of gaming licences and provides one-stop-shop iGaming software solutions. The company has a vast product portfolio, including the Online Casino Platform, the Game Aggregator with thousands of casino games, the Affilka affiliate platform, the Sportsbook Platform and the Jackpot Aggregator. In 2013, SOFTSWISS was the first in the world to introduce a Bitcoin-optimised online casino solution.
Asia
Goa Introduces an Entirely Online Lottery Platform
In a move towards modernising India’s lottery sector, the state of Goa has introduced an entirely online lottery platform, sanctioned by the Directorate of Small Savings and Lotteries. This initiative, known as Great Goa Games, aims to bring transparency and convenience to an industry that has long grappled with allegations of mismanagement and fraud.
Ticket sales commenced Monday, with the inaugural draw set for Sunday. Rhiti Group, led by founder Arun Pandey, was granted the license to operate and market the platform. “Our mission is to democratize opportunities through technology,” Pandey stated, emphasizing the secure and user-friendly nature of the app-based system.
Goa government official Narayan Gad lauded the move as a step forward for the Indian lottery sector. “With our online lottery streamlining processes through technology, we are setting a new standard in the lottery industry,” Gad remarked. “The technology-based product will enhance transparency and ensure improved monitoring and regulation of operations.”
This development follows new rules governing online lotteries, introduced by the Goa directorate in February 2023. Currently, 13 states in India, including Goa, allow lottery games, though others have banned them due to concerns over gambling addiction and operational irregularities.
The post Goa Introduces an Entirely Online Lottery Platform appeared first on European Gaming Industry News.
Latest News
Catena Media Announces Board Changes
Catena Media’s board of directors announced the appointment of Stephen Taylor-Matthews as non-executive director and the departure of Øystein Engebretsen from the board of directors.
Based in London, Stephen Taylor-Matthews is a tech entrepreneur, executive advisor and investor with over two decades of experience in online gaming, sports betting and data analytics.
He is the founder of Polynate, an AI-first company delivering next-generation sports engagement solutions, and has worked at Underdog Fantasy, GoatGaming and Betgenius in previous roles.
Stephen Taylor-Matthews commented: “Catena Media is in a transformation phase and I’m excited to be joining the board at this juncture and to contributing my industry expertise and insight.”
The appointment coincides with the departure from the board of Øystein Engebretsen, who has served as non-executive director since September 2018.
Erik Flinck, Chairman of the Board of Directors, said: “Øystein has made a valuable and important contribution to Catena Media for more than six years. I warmly thank him for his efforts and wish him well in his current and future ventures. At the same time, I am delighted to welcome Stephen Taylor-Matthews to the board. His experience and expertise will be a valuable asset for Catena Media as we move forward.”
Stephen Taylor-Matthews’ appointment will become effective once all necessary filings are made with the Malta Business Registry, and his term will run up until the end of the next annual general meeting, in accordance with the Maltese Companies Act and Catena Media’s articles of association.
The post Catena Media Announces Board Changes appeared first on European Gaming Industry News.
Balkans
CT Interactive to Showcase Innovative Gaming Solutions at BEGE 2024
CT Interactive is going to showcase its innovative gaming solutions at BEGE, which will take place on November 27-28, 2024, at the Inter Expo Center in Sofia, Bulgaria. The company will present at stand 3.15А its top-notch slot catalogue featuring cutting-edge mechanics and engaging gameplay designed to appeal to various players.
Silvia Hristova, CT Interactive’s CPSO, stated: “We are excited to participate in BEGE, a central event for the gaming industry in Europe. This year, CT Interactive is showcasing a selection of games tailored to meet the evolving needs of our partners and engage players with innovative and localised content. BEGE offers a unique opportunity to connect with industry leaders, strengthen our relationships, and explore new growth opportunities in this dynamic region.
“We look forward to sharing our latest advancements and demonstrating our commitment to creating high-quality gaming experiences.”
The CT Interactive team at the expo will include Lachezar Petrov (CEO), Monika Zlateva (CCO), Silvia Hristova (CPSO), Antonio Donov (HBD EMEA & Asia), Kiril Kirilov (AM).
BEGE brings together manufacturers, online operators, affiliates, payment service providers and media professionals. This year’s exhibition will feature numerous companies from the gaming industry, showcasing their latest products, services and groundbreaking solutions.
The post CT Interactive to Showcase Innovative Gaming Solutions at BEGE 2024 appeared first on European Gaming Industry News.
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