Latest News
The Power of High Performance: GR8 Tech Achieves 25% Turnover Growth in 2024
GR8 Tech has successfully closed the year – a 25% year-on-year increase in turnover, dozens of new clients signed, and a significant boost in client revenue. Throughout the year, the company developed nearly 200 new features and improvements, continually enhancing the functionality of its platform. With over 12.4 billion bets placed in 2024 (a 125% increase year-on-year), GR8 Tech has proven its ability to scale and deliver consistent performance, even during the busiest events.
“Our primary focus in 2024 was to empower operators with tools for seamless platform customization and streamlined management. We introduced geo-specific solutions that enable faster market launches, adapting platforms to meet local demands—whether through bonus mechanics, payment methods, or tailored content for sportsbook and casino. At the same time, we strengthened our offerings with enhanced sportsbook features, new games in the casino vertical, and innovative gamification mechanics to drive player engagement,” said Denys Parkhomenko, Chief Product Officer at GR8 Tech.
GR8 Tech demonstrated its robust scalability by handling 21.5 million bets during the IPL 2024 alone. With the capacity to process 20,000 bets and 54,000 wallet transactions per second, the platform consistently performs even during high-traffic periods.
In 2024, GR8 Tech signed numerous long-term partnerships, bringing its total number of projects worldwide to 45+ and proving the growing demand for customizable iGaming solutions. The company also received industry-wide acclaim, securing multiple prestigious awards, such as Silver as the Best Platform Provider of the Year at SBC Awards, “Best Online Sportsbook Provider” at SiGMA Eurasia, “Best Workplace” at SiGMA Americas, and “Rising Star Provider of the Year” at the Affpapa iGaming Awards 2024.
Building on its achievements, GR8 Tech is set for another successful year, continuing to deliver industry-leading solutions for operators around the world.
“Improvement and excellence are about consistently staying ahead. A trend might emerge and then disappear tomorrow, but improving your product – making it better than the competition – has lasting value. Whether it’s through better personalization, risk management, recommendations, or any other aspect, improvement is essential. And in this industry, you don’t really have a choice. It’s so fast-paced that if something new and valuable appears, you need to adopt it immediately. The mindset of constant improvement is what keeps a product relevant and competitive,” said Sergey Ghazaryan, CRO at GR8 Tech.
GR8 Tech heads into 2025 with a continued commitment to driving high-performance results, leading industry trends, and challenging the norm.
The post The Power of High Performance: GR8 Tech Achieves 25% Turnover Growth in 2024 appeared first on European Gaming Industry News.
Latest News
Paf employees donated €125,000
The Nordic gaming company Paf decided to give all employees the opportunity to donate €125,000 to various good causes, initiatives and projects. The causes were selected through a nomination and voting process by the employees.
All Paf employees were given the opportunity to nominate their own initiatives that they felt were worthy of Paf’s €125,000 donation. Once the nomination process was complete, employees were asked to vote for the initiatives, and it was the employees’ votes that determined which initiatives received the donation and how much of the sum was allocated to each project.
“It’s really important that everyone who works at Paf feels that our core mission is different and that it’s well worth working for. That’s why we wanted to involve the employees and give everyone a direct opportunity to determine the distribution of the donation,” says Paf’s CEO Christer Fahlstedt.
Paf’s basic purpose is to generate funds for the benefit of society. The annual profit is used as Paf funds for social, environmental, youth, sports and cultural purposes, among others.
Second year in a row
This is the second year in a row that Paf employees have been able to donate a sum of money to various good causes. Last year employees donated €100,000 and this year the amount was increased to €125,000.
“It was a great way to end last year and a good initiative to repeat this year. The donation is not part of Paf’s usual mission and purpose, but it reflects our overall core purpose in an excellent way,’ says Paf CEO Christer Fahlstedt.
The distribution of €125,000
When the employees gathered in December for the annual Christmas speech, the vote was taken and the result determined how the €125,000 would be distributed. The Employee vote gave causes for Ukraine the biggest donation and €40,000, followed by causes against cancer €25,000 and in third place causes for combating abuse of children €15.000.
1. €40.000 – Causes for Ukraine
2. €25.000 – Causes against cancer
3. €15.000 – Causes for combating abuse of children
4. €12.000 – Causes for Children
5. €9.000 – Causes for Animals
6. €7.000 – The Swedish Brain Foundation (Hjärnfonden)
7. €6.000 – Medical aid for Palestine
8. €5.000 – Causes for Women
9. €3.500 – Relief efforts – Spanish weather disaster
10. €2.500 – Jesuit Refugee Services Malta
Most votes – top 3
Causes for Ukraine goes to the following initiatives;
-
Power Up Ukraine, Swedish based, helps with energy solutions
-
Blågula Bilen, Swedish based, donates trucks & 4×4 vehicles with supplies
-
Hospitallers, based in Ukraine, Hospitallers is a volunteer organization of paramedics.
-
Come Back Alive, Ukraine, Demining in Ukraine
-
Safe & Smart, Ukraine based, Restoring hybrid and offline learning in Ukrainian schools
Causes against cancer goes to;
-
Barncancerfonden, Sweden, They help families and contribute to paediatric cancer research with the aim of eradicating childhood cancer
-
Kingitud Elu, Estonia, Estonian Association of Parents of Children with Cancer
-
Rintasyöpäyhdistys, Finland, Europa Donna Finland ry works to increase awareness of breast cancer and improve the quality of life for patients during and after the treatment period
-
Project Liv, Finland, support children with cancer and their families
Causes for combating abuse of children goes to;
-
Internet Watch Foundation, UK, stop child sexual abuse online
-
Anti-Human Trafficking Intelligence Initiative, USA based, end human trafficking and child exploitation
-
Missing Children Europe, protects children from going missing
-
ECPAT, based in Thailand, ensures children live a childhood free from sexual abuse and exploitation
-
La Strada International, Europe, works against human trafficking
-
Prajwala, India, works to end sex trafficking & sex crime
-
Maiti Nepal, Nepal, works for a society free from trafficking of children & women
The nomination and voting process was not open to organisations or initiatives that were already beneficiaries of Paf funds. Since 1966, Paf has distributed more than €447 million in Paf funds. In the spring of 2024, Paf was able to distribute €31.4 million for the benefit of society.
The post Paf employees donated €125,000 appeared first on European Gaming Industry News.
2025 ICR Conference
Golden Matrix Group to Participate in the 2025 ICR Conference
Golden Matrix Group Inc., a developer and licensor of online gaming platforms, systems, and gaming content, today announced that management will participate in the 2025 ICR Conference on January 13-15, 2025 at the Grande Lakes Resort in Orlando, FL.
Zoran Milosevic, Chief Executive Officer of Meridianbet, will participate in a fireside chat with an equity research analyst on Monday, January 13, 2025, at 2:30 PM ET and will also be available for meetings during the conference.
Latest News
Biggest Game Portfolio and 3 New Products: SOFTSWISS 2024 Overview
Expanding into new markets and unveiling innovative products, SOFTSWISS, a leading tech company with over 15 years of iGaming expertise, looks back on the milestones of its anniversary year.
Tech Achievements
This year, SOFTSWISS enriched its portfolio with three new products: the Lotto Software, the Retail Betting Solution, and a Horse Racing module integrated into the Sportsbook. These new products give operators flexible and secure tools to expand their lottery and betting services.
With over 23,500 games from more than 280 providers, the SOFTSWISS Game Aggregator has become the largest game hub in the industry. Equipped with unique player engagement tools, it supports over 1,200 iGaming brands, setting a benchmark for innovation and scale.
Uniting Expertise and Efforts for Global Impact
By acquiring a majority stake in South Africa’s Turfsport, SOFTSWISS is combining the expertise of both companies to provide top-tier iGaming solutions in the African region. Securing a significant share in Germany’s Ously Games, the driving force behind the rapidly growing European social casino SpinArena.net, has opened a new niche for SOFTSWISS in the promising social entertainment market.
SOFTSWISS welcomed Formula 1 legend Rubens Barrichello as its Non-Executive Director for LatAm, bolstering the company’s presence in the Brazilian market. By merging expertise from two dynamic industries – iGaming and racing – SOFTSWISS delivers unparalleled insights to drive boundless business growth for its clients.
Amid the devastating floods in Brazil, SOFTSWISS launched the ‘Help Brazil’ campaign, rallying industry players to support those in need. The initiative gained widespread backing from the iGaming media and was honoured as the Socially Responsible Initiative of the Year at the SBC Latinoamérica Awards.
Celebrating 15 Years of Excellence
Marking its 15th year in the iGaming industry with significant achievements, SOFTSWISS honoured this milestone with the Grand Anniversary party. The event took place in Lisbon and united around 600 guests.
SOFTSWISS team also celebrated gaining 22 industry accolades in 2024. Software Supplier, Best Platform Provider, Aggregator of the Year, Crypto Company of the Year, Affiliate Software Supplier, Innovation in iGaming Technology, and Responsible Gaming Award – to name just a few in product categories.
Andrey Starovoitov, Co-CEO at SOFTSWISS, summarises: “New Year’s Eve is a time-honoured moment for reflecting, celebrating achievements, and learning from challenges. At this moment, we extend our heartfelt gratitude to our partners, clients, and our incredible team, whose dedication and hard work made this year truly remarkable.”
About SOFTSWISS
SOFTSWISS is an international technology company with over 15 years of experience in developing innovative solutions for the iGaming industry. SOFTSWISS holds a number of gaming licences and provides comprehensive software for managing iGaming projects. The company’s product portfolio includes the Online Casino Platform, the Game Aggregator with over 23,500 casino games, the Affilka affiliate platform, the Sportsbook software and the Jackpot Aggregator. In 2013, SOFTSWISS revolutionised the industry by introducing the world’s first Bitcoin-optimised online casino solution. The expert team, based in Malta, Poland, and Georgia, counts over 2,000 employees.
The post Biggest Game Portfolio and 3 New Products: SOFTSWISS 2024 Overview appeared first on European Gaming Industry News.
-
Australia6 days ago
Regulating the Game Announces its Latest Addition to its 2025 Masterclass Series in Sydney
-
Latest News6 days ago
Week 50/2024 slot games releases
-
Compliance Updates6 days ago
Florida Gaming Control Commission Collaborates with Local Law Enforcement Partners to Address Illegal Gambling Activity and Shut Down Illegal Casinos
-
Latest News6 days ago
Veikkaus signs partnership agreement with the Finnish Ice Hockey Association
-
Compliance Updates6 days ago
Advertising Standards Authority Partners with Grambling Regulatory Authority of Ireland
-
Central Europe6 days ago
SYNOT Games teams up with win2day to revolutionize Austria’s iGaming scene
-
Betson Enterprises6 days ago
Betson Appoints Todd Cravens as SVP of Gaming Division
-
Canada6 days ago
Play’n GO announces partnership with Canadian operator PointsBet