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SOFTSWISS Launches New Project with Power Casino
The SOFTSWISS Sportsbook is expanding its list of partners by striking a deal with a new Power Casino brand. This will be the second project launched between SOFTSWISS and the Power Casino platform this year. Earlier, the PowerSport casino integrated the SOFTSWISS Sportsbook.
Power Casino has become the brand’s first client to operate outside the SOFTSWISS Online Casino Platform, integrating the Sportsbook Solution into its brands. Due to its well-oiled processes and a professional team, the integration of the SOFTSWISS Sportsbook required less than two weeks.
The online sports betting platform, SOFTSWISS Sportsbook, offers players a user-friendly interface and a variety of player management tools. In particular, detailed betting statistics, flexible odds and event settings, as well as high-end customer support. All major fiat currencies are supported, as well as bitcoin and ethereum.
Thanks to the new partnership, Power Casino, players will have access to more than 1,200 markets and 180 sports, including cyber sports betting and popular e-leagues. The SOFTSWISS Sportsbook is partnered with Betradar, the world’s leading sports betting odds provider to offer 22,000+ live events each month.
Aleksander Kamenetskyi, Sportsbook Product Owner, notes: “It was a pleasure to work with Power Casino again and to launch our second joint project this year. The integration process was quick and easy, so the whole procedure took less than two weeks. Power Casino players can now experience not only a wide variety of markets, events, leagues and tournaments, but also try out the unique new SOFTSWISS Sportsbook features such as the recently launched Hunting bonus. We are constantly working on enhancing our platform to ensure that operators get the best online sports betting solution and players have even more fun at their favourite sporting events.”
Jakub Velechovsky, COO, comments: “We have already had the opportunity to experience the benefits of using the SOFTSWISS Sportsbook by launching our first project – PowerSport. Therefore, the decision to continue the cooperation was made quickly and easily. We integrated the SOFTSWISS Sportsbook in less than two weeks and were pleasantly surprised by the speed and professionalism of the team. So I have no doubt that we made the right decision by choosing the SOFTSWISS Sportsbook.”
About SOFTSWISS
SOFTSWISS is an international tech brand supplying widely acclaimed, certified software solutions for managing iGaming operations. SOFTSWISS holds a number of gaming licenses, providing a “one-stop-shop” White Label Solution by taking care of all technical, legal, and financial processes on behalf of its customers. The company has a vast product portfolio, which includes an Online Casino Platform, Game Aggregator with thousands of casino games, an affiliate platform, and a recently launched sportsbook platform. In 2013 SOFTSWISS was the first in the world to introduce a bitcoin-optimized online casino solution. The company has thus been regarded as the leading technical expert when it comes to the use of cryptocurrencies in online gaming.
About Power Casino
The Casino Power establishment is one of the most promising and enthusiastic casinos at the moment, providing players with many unique and exceptional features such as deposit and no deposit benefits, routine contests, multi-level jackpot, huge variety of video slots and live casino games.
Latest News
KTO Displays the Casino Games that Paid the Most in March
KTO.com, a Brazilian casino, has recently published the real RTP of individual games. Drawing from KTO’s latest research paper, which is updated on a monthly basis, we will provide insights into the games that have paid out the most for players in Brazil.
We will display some of the findings from KTO’s games research paper with the standout games that have delivered the highest returns for players.
Leading the pack in KTO.com’s real RTP list of games in the online casino is Sugar Rush 1000 that had the highest RTP of 106.35%. It is followed by games like Hotline and Crazy Time, which had RTPs of 101.30% and 101.20%, respectively.
These games are followed by Sugar Supreme Powernudge and Wild Wild Riches, which paid the players 100.96% and 100.75% respectively
The excitement of gaming is amplified by the games’ high multipliers, which dramatically increase potential winnings. In the report, it’s highlighted that Piggy Tap was the game where the biggest multiplier was won by a player, hitting a top multiplier of 41,069.2x.
Other notable games include Fire Strike 2 and Floating Dragon New Year Festival Ultra Megaways Hold and Spin, with multipliers of 25,000x and 18,502x, respectively.
When it comes to the research paper’s section of the most popular games, we saw games such as Fortune Tiger leading the popularity charts. With 59.53% of game rounds and a peak multiplier of 2,500x, its popularity in Brazil is undeniable and has been consistent over time.
Fortune Rabbit and Fortune Ox also saw significant play, with their own impressive multipliers and popularity percentages. Fortune Rabbit and Fortune Ox had 16.30% and 8.58% of game rounds respectively. These games not only captured the attention of players in March but have also been cemented as the top games over time.
KTO’s most popular games research paper highlights games like Sugar Rush 1000 and Piggy Tap as the games with the highest payouts to customers in March. The popular games in March such as Fortune Tiger, Fortune Rabbit and Fortune Ox, demonstrate significant player engagement and consistency.
Canada
IGT PlaySports Wins Sportsbook Supplier of the Year at 2023 SBC Awards North America
International Game Technology PLC announced that IGT PlaySports “There is no shortcut to success. Winning the Sportsbook Supplier of the Year award is a wonderful testament to the hard work our team members put in day after day, year after year,” said Joe Asher, IGT President of Sports Betting. “IGT PlaySports is supporting customers in 30 jurisdictions across North America. We are honored to be recognized by SBC and look forward to continuing to serve our many loyal customers.”
IGT’s award-winning PlaySports platform is one of the most influential technology stacks in the U.S. and Canadian sports betting market. The platform’s proven versatility, scalability, and market-readiness provide crucial benefits for operators, especially those that require quick installations. Additionally, IGT PlaySports’ trading advisory services team provides customers with around-the-clock support, including expert oddsmaking with localized pricing for pre-game and in-play bets, marketing and promotion, and on-call expertise for every aspect of day-to-day sportsbook operations.
The 2023 SBC Awards North America was held in conjunction with the 2023 SBC Summit North America and recognized the achievements of operators, affiliates and suppliers from all the major digital and sports betting disciplines including payments, marketing, platform providers and data.
Canada
RUSH STREET INTERACTIVE ANNOUNCES FIRST QUARTER 2023 RESULTS
First Quarter Revenue of $162.4 Million, up 20% Year-over-Year –
Rush Street Interactive, Inc., a leading online casino and sports betting company in the United States and the rest of the Americas, today announced financial results for the first quarter ended March 31, 2023.
First Quarter 2023 Financial Highlights
- Revenue was $162.4 million during the first quarter of 2023, an increase of 20%, compared to $134.9 million during the first quarter of 2022.
- Net loss was $24.5 million during the first quarter of 2023, compared to a net loss of $52.3 million during the first quarter of 2022.
- Adjusted EBITDA1 loss was $8.7 million during the first quarter of 2023, compared to an Adjusted EBITDA loss of $43.4 million during the first quarter of 2022.
- Adjusted advertising and promotions expense1 was $49.4 million during the first quarter of 2023, compared to $66.3 million during the first quarter of 2022.
- Average revenue per Monthly Active User (“ARPMAU”) in the United States and Canada was $325 during the first quarter of 2023, up 23% year-over-year.
- Revenue grew by more than 100% year-over-year in Latin America and North American markets launched after 2020.
- As of March 31, 2023, RSI had $147 million of unrestricted cash and cash equivalents.
______________________
1 This is a non-GAAP financial measure. Please see “Non-GAAP Financial Measures” for more information about this non-GAAP financial measure and “Reconciliations of GAAP to Non-GAAP Financial Measures” for a reconciliation of the most comparable measure calculated in accordance with GAAP to this non-GAAP financial measure.
Richard Schwartz, Chief Executive Officer of RSI, said, “We are pleased with our first quarter results as we made great strides towards profitability with much improved Adjusted EBITDA performance. Revenues grew 20% compared to last year, propelled by more than 100% growth in Latin America and new markets launched in North America after 2020. Results were strong across our business lines with revenue growth in both online casino and online sportsbook.”
“On the back of these excellent results, we remain on track to achieving our goal of profitability for the second half of this year. We are staying disciplined in our approach and successfully balancing growth and profitability over the long run. Our results continue to show the approach is working well and we remain confident that our focused strategy will reward our shareholders over the long term.”
Guidance
RSI expects revenue for the full year ending December 31, 2023 to be between $630 and $700 million, unchanged from its previous expectations. At the midpoint of the range, revenue of $665 million represents 12% year-over-year growth when compared to $592 million of revenues for 2022.
This range is based on certain assumptions, including that (i) only operations in live jurisdictions as of today’s date are included, (ii) all professional and college sports calendars that have been announced come to fruition, including the completion of their 2023 seasons, and (iii) RSI continues to operate in markets in which it is live today, except for Connecticut.
Recent Business Highlights
- Launched the innovative BetRivers Michigan Million
slot tournament, introducing the first-of-its-kind online casino experience. - Extended our proprietary squares engine to basketball, driving strong improvement in average bet size and more than doubling same-game parlays as a % of total bets.
- Crowned Customer Service Operator of the Year at the EGR North America Awards 2023, earning this award for the fourth year in a row.
- Added award winning sportscaster & reporter Julie Stewart-Binks to our growing roster of sports and gaming experts and content creators who connect and engage with fans.
- Continued profitable growth in casino markets, including Ontario, Colombia, and West Virginia where we increased estimated market share sequentially during the first quarter.
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