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BETFAN with EUR 77 m turnover and EUR 0.76 m net profit in 2021

Published

4 years ago

April 7, 2022

Reading Time: 3 minutes

BETFAN, a Polish legal bookmaker, has generated sales of EUR 77 m in 2021, an increase of nearly 90% year-on-year. The bookmaker, operating only since April 2019, has been growing by leaps and bounds and reported a net profit of EUR 0.76 m for 2021. The company’s plans for 2022 include further double-digit revenue growth, the launch of a new mobile and desktop app and more technological innovations, as well as investment in a network of self-service betting terminals.

BETFAN is one of the youngest domestic bookmakers legally operating in Poland. The company offered its first bets in April 2019, doing business exclusively online. Since then, it has consistently expanded the scale of its operations. Also, despite the pandemic-related restrictions on the organisation of sporting events, the company achieved net profitability in record time, after less than three years of operation – something no bookmaker on the Polish market had accomplished before.

The increase in financial results for 2021 was accompanied by an 85% year-on-year increase in the number of customers and a significant expansion of the offer. Last year, bettors had almost 1 billion betting opportunities at BETFAN, which meant a 20% year-on-year increase in the number of bets prepared by the betting department. When developing its offering, BETFAN places great emphasis on respecting responsible gaming principles and regularly trains its employees in this regard.

“When we started our business three years ago, we had very ambitious plans and we have been consistently pursuing our objectives ever since. We benefit from the fact that the betting market has grown by around 50% last year and this year it is expected to grow by between 15% and 20%. However, BETFAN has been growing much faster than the industry itself and we will aim to maintain this trend in the coming years as well. At the same time, we have a strong advantage in terms of business efficiency and cost effectiveness. It is not that difficult to pour huge amounts of money into marketing and sponsoring to boost sales while still losing on the deal. And this is exactly what happens on the Polish market. We have a completely different strategy – we plan expenditures very carefully and we only use measurable marketing tools with an adequate rate of return. We also place great emphasis on technological development. Our strategy has always been focused on the mobile segment, which is becoming increasingly important and is driving the majority of our sales. This approach currently places us among the main players on the bookmaking market, even though we are competing with many brands that have a longer track record and much more capital than we do”, says Łukasz Łazarewicz, co-owner and Chairman of the Supervisory Board of BETFAN.

BETFAN will have larger capital needs in 2022. The company is investing in modern technologies – having implemented a new integrated CRM system, it is now revamping its mobile and desktop platform, and building a network of betting corners with self-service betting terminals. At the same time, the bookmaker has been testing a new concept of betting and sports pubs in several locations.

“Last year, investments in the retail segment weighed on our result, but in 2022 we plan to make this business area profitable as well. We want to prioritise betting terminals, which are the future of the point-of-sale channel. We have already opened 60 betting corners and this year we plan to open 90 more”, announces Łukasz Łazarewicz.

At the end of 2021, i.e. after less than three years since its launch, with nearly 3.5 percent share of the Polish bookmaking market, BETFAN ranked 6th among all 19 companies operating legally in the sector. After three years of operation, BETFAN has paid PLN 86 million in gaming tax to the state budget. The company intends to continue growing using innovative internet marketing tools and taking advantage of favourable trends in the bookmaking market.

“The situation on the legal betting market in Poland is extremely interesting, especially with what is happening behind the backs of the two largest companies. Competition is becoming increasingly fierce, and on top of that the pandemic has exposed many issues in the companies’ business models. At BETFAN we employ different approaches to make the most of the potential of this growing and ever-changing market,” adds Łukasz Łazarewicz.

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Play’n GO Releases its Latest Online Slot Wrappin’ Gold

Published

14 minutes ago

May 5, 2026

Wladimir P.

play’n-go-releases-its-latest-online-slot-wrappin’-gold

Play’n GO has released its latest online slot, Wrappin’ Gold, where a newly roused mummy pursues stolen treasures from the tomb to the heavens.

Rudely awakened from centuries of silence, the long-lost mummy of the greedy Pharaoh Khufu discovers his precious gems have been taken by Queen Cleo and her pillaging minions. With patience gone and pride wounded, Khufu sets off in relentless pursuit, ready to chase even Ra across the sky to reclaim what he believes is rightfully his.

Wrappin’ Gold leans into the playful side of ancient Egypt, blending regal swagger with mischievous grave-robber chaos. Khufu is no serene monarch in repose, but a determined figure dragged back into the world by theft and taunting. Against him stands Queen Cleo, framed as a bold instigator whose raids turn temples and tombs into the stage for a high-speed rivalry. The result is a character-led tale of possession, ego, and payback, wrapped in sun-baked mystique and divine-scale theatrics.

This 5-reel video slot centres its storytelling on pursuit and confrontation: a treasure-owner who refuses to be laughed at, a raiding queen who never stops pushing her luck and a sun god who becomes the ultimate line in the sand.

Magnus Wallentin, Games Ambassador at Play’n GO, said: “With Wrappin’ Gold, we wanted to spotlight a bold clash of personalities – Khufu’s stubborn determination against Queen Cleo’s audacious mischief – and frame it as a fast, cinematic chase that keeps the story front and centre.”

Wrappin’ Gold is a sharp, character-driven Egyptian caper where pride sparks the pursuit and the sky itself becomes the finish line.

The post Play’n GO Releases its Latest Online Slot Wrappin’ Gold appeared first on Eastern European Gaming | Global iGaming & Tech Intelligence Hub.

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PRAGMATIC PLAY SETS UP SHOP WITH MR NULL’S WICKED WARES

Published

14 minutes ago

May 5, 2026

Wladimir P.

pragmatic-play-sets-up-shop-with-mr-null’s-wicked-wares

Pragmatic Play, a leading content supplier to the iGaming industry, has opened the doors to the sorcerer’s showroom in Mr Null’s Wicked Wares, where a catalogue of mystery symbols and multipliers conjure up 5,000x win potential.

The magical Mr Null watches over the grid in this 3-4-4-4-3 slot, where mystery symbols on reels 2-4 transform into random paying symbols, carrying 2x-10x multipliers. If two or more mystery symbols contribute to the same winning combination, their multiplier values combine.

Landing three scatters triggers the bonus game with seven free spins, with each scatter that hits during the feature awarding one extra spin.

Starting at 2x, win multipliers above reels 2-4 are progressive throughout the bonus game. Each subsequent winning mystery symbol increases the respective reel multiplier by +1x, applying to future mystery symbols that land on the same reel.

In select markets, players can activate a range of special bets, guaranteeing mystery symbols on each spin and increasing the minimum multiplier, or they can jump straight into Free Spins or Super Free Spins, which sees the starting multiplier increased to 5x.

Mr Null’s Wicked Wares is the latest addition to Pragmatic Play’s award-winning slots portfolio, following the release of Jelly Express and Sweet Bonanza 2500.

Sharon McHugh, Director of Public Relations at Pragmatic Play, said: “Mr Null’s Wicked Wares combines mystery symbols and multipliers with an eye-catching and atmospheric theme, while the growing multiplier meters keep the momentum building during the feature. It’s a distinctive addition to our portfolio, and one we’re confident players will enjoy.”

The post PRAGMATIC PLAY SETS UP SHOP WITH MR NULL’S WICKED WARES appeared first on Eastern European Gaming | Global iGaming & Tech Intelligence Hub.

BettingRanker

CasinoRank’s BettingRanker: Live Betting Becomes Core of Global Sports Wagering

Published

14 minutes ago

May 5, 2026

Wladimir P.

casinorank’s-bettingranker:-live-betting-becomes-core-of-global-sports-wagering

Live betting has become the dominant force in global sports wagering, according to a report from CasinoRank’s BettingRanker. New data shows that 47% of global online wagers were placed in-play in 2024, generating around $27.1 billion in gross win, with the share continuing to grow into 2025–2026.

BettingRanker’s analysis highlights a clear shift towards real-time wagering, with forecasts suggesting in-play betting will exceed 50% of global activity by 2028. In mature markets, this transition is already complete.

Key findings:

• In-play betting reached 47% of global wagers in 2024

• Europe (54%) and North America (53%) already exceed majority share

• Football drives 56% of total betting activity, generating $53B globally

• Mobile accounts for 58% of European gambling revenue, rising to 66% by 2028

• Operators report up to 65% of turnover coming from live betting

• Markets with strong in-play products see higher regulated participation

The growth is driven by better product design and infrastructure. Operators now offer micro-markets (next play, point or action), integrate live streaming, and deliver real-time odds updates at scale. Mobile usage plays a central role, as betting increasingly happens during live events, on the go, or alongside second-screen viewing.

At the same time, regulation is becoming stricter. Some U.S. states are moving to limit or ban in-play betting, especially micro-betting. Industry data suggests that restricting these products may push users toward offshore platforms rather than reducing demand.

Ethan Moore, Sports Analytics Specialist at BettingRanker, notes that live betting has evolved faster than regulation, raising questions about whether growth will remain within regulated markets.

The post CasinoRank’s BettingRanker: Live Betting Becomes Core of Global Sports Wagering appeared first on Eastern European Gaming | Global iGaming & Tech Intelligence Hub.