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INSIDE THE POCKET SECURES INSTITUTIONAL INVESTMENT FOR GLOBAL EXPANSION IN THE AMOUNT OF $4M

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Free-to-play specialist, led by former senior NFL executive, attracts core investment from key heavyweights to accelerate growth

Inside The Pocket (ITP), the leading free-to-play (F2P) aggregation platform, has secured institutional investment of $4m from a consortium of heavy-hitting investors, spearheaded by WinSure Global, as it bids to expand its global footprint.

The core financing will be used to power further development of its proprietary platform for international growth. As a result, Inside The Pocket’s experienced leadership team, led by CEO and former senior NFL executive Hussain Naqi (previously SVP of both Fan Engagement and International Development at the Jacksonville Jaguars) will also be able to draw on the added expertise of senior WinSure Global executives, alongside other notables in this formative funding round, including The Rokker Network and its CEO Andy Rogers.

This strategic funding accordingly positions Inside The Pocket for a defining Series A round later this year, bolstering its reach into untapped territories. There, its proven international scope and flair for localization promises to drive diversified fan engagement around targeted free-to-play sports games. Thanks to its open-aggregation approach, Inside The Pocket already offers the broadest and best-curated mix of games available, with one platform integration acting as a gateway to virtually unlimited content.

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As a pioneering free-to-play aggregation platform for the gaming industry, Inside The Pocket is committed to being an agile customer acquisition and retention tool, driving engagement through a range of games whose formats responsibly acquire and retain customers at low cost but also remain fully compliant as regulation continues to roll out across regions from the U.S. to Asia, Africa and LatAm. Its agnostic platform offers a strategic solution which works territory-by-territory, educating uninitiated audiences with fully-integrated games.

Consequently, this pre-Series A round, bolstered by the backing of some of the industry’s most successful proponents in the F2P domain, marks a significant milestone for the company. Inside The Pocket’s technical know-how sets it apart in the crucial F2P domains of game development, player management and, above all, multi-level data. Its dashboards provide clients with the full picture on player activity, thanks to aggregated cross-network player data (e.g. from individual customer journeys to in-play data, and other shared insights on player segments).

Hussain Naqi, Founder and CEO of Inside The Pocket, said: “Inside The Pocket provides the most modular and democratised strategic F2P platform around, assembling the best minds and models for a new era in sports fan engagement, localized to specific global markets. When you’re signed up individually to one or more developers, you can end up with a set of expensive integrations or all your eggs in one basket. Our open-aggregation platform takes the sting out of such outmoded deals by providing the requisite flexibility for maturing markets.

“We’re supremely well-positioned to leverage this opportunity because we can diversify content, leverage consumer data and partition it for our partners as the international markets’ shifting sands coalesce. Harte Hanks, the world’s leading consumer-data provider, also grants us unique consumer insights that will allow us to hyper-segment our audience communication over time, including the World Cup 2022 football.

“It’s a real validation to be backed on our journey by such proven players, many of whom have fantastic track records in building, investing and marshalling innovative digital companies to larger scale and leadership positions in the ever-evolving global gaming landscape.”

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Andy Rogers, Founder and CEO of The Rokker Network, commented: “At Rokker, we provide a natural habitat for rapid growth among some of the emerging forces in the igaming sector. We’ve monitored and supported Inside The Pocket’s impressive development, and are keen to assist them in this, a key moment in the evolution of their agnostic F2P platform whose core philosophy is truly democratising gaming for global operators. These game-changing steps cohere with our own vision around the power of tech in digital sports betting.”

James Bridges, Director at WinSure Global added: “We specialise in identifying best-in-breed solutions across a range of asset classes and investment strategies. Indeed, WinSure Global undertakes to generate capital growth by holding long-term strategic investments in companies that can influence the future of industry. Inside The Pocket’s offering, on both B2B and B2C fronts, immediately improves and delivers a step change for F2P aggregation, so it’s another strong story for WinSure to get behind.

“Hussain and his team articulate a simple yet transformative vision: one single integration to open the door to the entire F2P marketplace. So, it’s this highly-flexible platform, combined with their ability to execute, which sets Inside The Pocket up for international expansion – particularly across some formative and fragmented markets which demand localized solutions.”

 

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Soft2Bet granted Ontario Certification of Registration and readies for imminent launch

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Ontario Certificate is hugely promising as Soft2Bet continues its regulatory expansion

Soft2Bet, a leading provider of online betting and gaming solutions to regulated operators worldwide, is delighted to announce that it has been granted a Certificate of Registration in Ontario, Canada’s largest province, moving it one step closer to being able to launch its Tooniebet.com iGaming brand.

Obtaining its Certificate of Registration (Nbr: OPIG1280338) from the Alcohol and Gaming Commission of Ontario (AGCO) will enable Soft2Bet to continue its expansion into the world’s largest regulated jurisdictions.

Ontario has been a major success story for regulated online sports betting and casino in North America in the past two years. The province launched its regulations in April 2022 and latest figures for the fourth quarter of 2023 showed that operators recorded a 21% rise in wagers to CA$17.2bn and a 22% increase in gross gaming revenues to CA$658m, the highest ever revenue total in Ontario’s wagering history. Online casino was the main driver of this growth and generated CA$13.7bn of the total stakes and CA$471m in GGR.

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Elisabeth Isaksson, Head of Regulatory Compliance at Soft2Bet, commented: “Being registered with the AGCO in Ontario is testament to the work our compliance and regulatory teams are doing daily to enable our continued expansion in the world’s largest regulated markets. We’re immensely excited about taking our first steps in North America and look forward to licensing and launching in more jurisdictions in the region.”

Chief Business Development Officer Martin Collins added: “This Ontario certification is another significant and important step in our corporate expansion plans. It fits perfectly with our stated aim of growing our regulatory footprint and we very much look forward to continuing forward on this path.”

Soft2Bet is also actively working to obtain a licence in New Jersey and continue its expansion in the Americas. This activity comes after the group obtained B2C licences in Italy, Greece and Romania in 2023.

 

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Hacksaw Gaming and DraftKings Score Again in Ontario

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2023 saw Hacksaw Gaming go live in West Virginia and New Jersey and now we have made our long-awaited entry in Ontario, Canada. Securing this trio has hit new heights and hopes for further successes throughout the rest of this year.

DraftKings Casino entered the iGaming market in Ontario in May of 2022 and partnered with Hacksaw Gaming in the back end of the same year. As Ontario’s regulated iGaming market only went live in April of 2022, the pair have given an outstanding performance with effective launch strategies and expansive footing in North America.

Apart from gaining an unprecedented reach across regulated markets, the mobile-friendly format of Hacksaw Gaming games can be visited on phone or tablet via the DraftKings Casino app. Boasting an impressive online casino’s selection of over 300 games, DraftKings now welcomes Hacksaw Gaming favourites such as Chaos Crew, Mines, Omnom and Boxes.

“The benchmarks we have set as a partnership are remarkable and we are ready to take on more challenges continuing into 2024,” the Chief Executive Officer for Hacksaw Gaming, Marcus Cordes, said.

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Exploring Canada’s video Game Market: Survey Insights

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Technology has become a great source of entertainment to many. Video games particularly have garnered interest from all demographics. In Canada, the gaming industry has experienced significant growth, fuelled by increased accessibility to gaming platforms and the growth of online gaming communities.

Statistics indicate that a large percentage of Canadians are engaged in gaming activities, whether it be playing console or PC games, mobile games, or online multiplayer games. The popularity of video games extends beyond leisure pastimes, with many Canadians participating in gaming competitions, attending gaming conventions, and consuming gaming-related content on platforms like Twitch and YouTube.

The number of video game users in Canada reflects how broad the sector is, from mobile games to digital video games, download games and live streaming. In 2024, the gaming sector will see millions of users in each of these categories. Statista projects 13.38 million users for digital video games and 7.35 million users for online games respectively. It estimates that revenue in the Canadian video game market is expected to reach US$3,925.00m in 2024, so it is no surprise to observe the increasing popularity of the sector.

Well-known online casino provider BetVictor has compiled some key points from major surveys detailing the video game market to give further insight into its makeup and potential. The gaming culture in Canada is growing, which means the type of games and genres will grow along with the sector. Statista recently conducted a survey of 1 576 respondents aged 18 – 64 who are avid video game players, with telling results. ​​In December 2023, a survey about preferred video game genres in Canada revealed the top four genres as being Action, Action – adventure, Adventure and casual games accounting for 31% of respondents’ preferences.

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David Winter, Marketing Manager at BetVictor notes that “We’ve seen a steady increase in the popularity of action-themed and adventure-themed slots and many providers are exploring how to expand further into this market.”

The popularity of Action games such as platform and fighting games can be attributed to various factors, such as: social interaction, accessibility and inclusivity, social appeal, and cultural influence. With such a diverse audience, all these factors are crucial to understand the appeal of Action games.

In the digital age, gaming has transcended mere entertainment to become a cornerstone of culture, and nowhere is this more evident than in Canada. From coast to coast, a diverse community of gamers is thriving, reflecting the country’s inclusive spirit and passion for technology. Whether it’s the casual gamer enjoying a quick session on their smartphone or the dedicated enthusiast meticulously building a custom gaming PC, Canada offers a welcome haven for all kinds of gamers.

Diving deeper into the Statista results, Strategy games accounted for 29%. This shows us that players have a strong interest in tactical and decision-making games. While role-playing (RPG) and sports games garnered 22% each, simulation and shooters trailed slightly behind at 21% and 20% respectively.

MMO (massively multiplayer online games), as well as MMORPGs (massively multiplayer online role-playing games) and MOBA (multi online battle arenas) came in at 13% and 8% respectively, representing a significant but niche following. With such a diverse array of preferences, the survey underscores the multifaceted nature of interests among Canadian gamers. It highlights the need for game developers to cater for a wide range of genres and gameplaying styles in the Canadian market.

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From action shooter games to role-playing adventures, the industry has something for every gaming enthusiast in the Canadian market. Overall, the popularity of video games in Canada reflects a growing cultural phenomenon, where gaming has become a mainstream form of entertainment and a significant aspect of modern-day leisure activities.

Statistics anticipate a compound annual growth rate (CAGR) of 7.10% for 2022-2027, resulting in a projected market volume of US$24.52bn by 2027. Canada’s online gaming market is experiencing a surge in popularity, with a surging number of Canadian players engaging in immersive virtual reality experiences.

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