iGaming Industry
Exclusive Interview with Yancy Cottrill, General Counsel of NSoft
Our colleague, Szaló Réka caught up with Yancy Cottrill (General Counsel for NSoft) for another EEG exclusive interview.
Yancy Cottrill is the Managing Director of Business Operations at NSoft, located in Mostar, Bosnia and Herzegovina. He received his LL.M in International Business Law from Central European University. Yancy, an American attorney licensed to practice law in the states of New York and North Dakota, oversees the legal department. He advises the management on legal issues and changes in legislation across all markets where NSoft is doing business. Prior to joining NSoft, Yancy served as a staff attorney to the Congress of the Federated States of Micronesia, where he drafted legislation on a regular basis. Albeit his time on the islands, he has lived and worked primarily in post-communist emerging markets for the past 12 years.
We are grateful for your generosity to answer our questions. First I would like to ask you to shortly introduce yourself and tell us when and why you started working in this industry.
Cottrill: My name is Yancy Cottrill. I am a General Counsel for NSoft, previously I was the Managing Director of Business Operations. I am an attorney licensed in the US states of New York and North Dakota. I have spent five of the past six years living and working in foreign countries. I came to NSoft in July of last year after spending two years in the Federated States of Micronesia (FSM) where I was the staff attorney for the Congress of the FSM.
I was recruited to come to NSoft by our CEO, Stjepko Cordas, whom I met at Central European University in Budapest. I visited Mostar and NSoft and was impressed with the city and the company. I decided to accept a position in the software gaming industry as I have always been a sports fan and interested in gaming culture. This position allows be to combine my abilities as a lawyer with my love of sports to benefit and grow the company.
NSoft is one of the top providers of innovative products for gaming industry. This company is among top five fastest growing tech companies in Central Europe. Please speak about the strong points, values of the company that led to this great success.
Cottrill: NSoft has its employees at the forefront of what it does and encourages employees to grow personally and professionally. The everyday work culture at NSoft is the magic behind its success as we have been successful in attracting some of best talent in the region and abroad. NSoft provides its employees with the flexibility to schedule their own workday and provides spaces for them to relax and play pool, ping pong, fussball, or just grab a coffee. This environment has produced talent that has been able to keep up with the demands of the industry while bring new innovations to the market.
Nsoft’s virtual betting products are acknowledged products in the industry and the virtual games this company offers provide bettors with realistic betting experience. Please inform us on these services and products. Which are the most successful ones?
Cottrill: Lucky Six is our most popular and successful game. It is draw based game where numbers are drawn from the drum. It is founded on the concept of the classic virtual game where person gets the chance to pick random numbers or even colors, and follow live draw every five minutes. Due to its vibrant design and top-notch backend infrastructure, Lucky Six soon became our customers’ favorite and a proven profit generator. Read more here: https://www.nsoft.com/draw-based-games/lucky-six/
Besides Lucky Six, we have a new game, Next Six, which is the only live betting on a draw based game that is on the market. It has been well received and our clients are pleased with its ability to produce profits. The game allows players to have the chance to bet which numbers will be drawn from the drum throughout the whole round. Although it is based on classic virtual games, placing bets all the time, gives Next Six characteristics of live betting making it extremely fast paced. Read more here: https://www.nsoft.com/draw-based-games/next-six/
Finally, our MTS Live Betting options are growing in popularity. Betradar supplies MTS Live Betting with the best sports data feed in the world, giving our clients reliability and proven profit generating results. The odds are automatically adapted to a particular situation of the event, which allows in-play betting until the very last second. Additionally, our live sports betting platform covers 18 different sports and includes 18.000 live matches and 500+ unique markets per month. Read more here: https://www.nsoft.com/sportsbook-software/live-betting/
Will you please tell our readers what role you undertake in the company’s life? What are your tasks and responsibilities?
Cottrill: For the past year, I was the Managing Director of Business Operations. In that role, I oversaw the daily operations of the legal, finance, human resource, and compliance teams. Recently, we have begun a restructuring plan that eliminated the Business Operations Unit. I am now acting as a General Counsel. In this role, I and another attorney from the US are working on projects that will ensure growth for the company for years to come. I report directly to the CEO and advise the company on various legal matters that arise. While my role has changed, my motivation to help the company continue to grow has remained the same.
Which were the most difficult periods in your career at NSoft and what do you consider your personal success?
Cottrill: I do not see any periods of time here at NSoft as difficult. I have embraced the challenges and took them as opportunities to learn. As far as successes, I believe the ability for the company to be in a position to restructure and eliminate a need for the Business Operations is a personal success. I am happy to come to work every day and share an American perspective while having an opportunity to learning from my colleagues.
The company has been growing in amazing pace, but to continue this process it needs a clear vision and plans for the future. Which are these plans?
Cottrill: NSoft’s growth plans remain consistent. We are going to continue to innovate, focus on customer service, and bring quality games to the market.
What is your personal opinion about gambling industry in general in Europe or in the countries you know better?
Cottrill: As everyone knows the gambling industry’s growth is determined upon the moral acceptance of gambling in society. Currently, we are seeing many of the traditional societal objections to gambling eroding and it is much more accepted by society as a whole. This is a very dynamic time for the industry and as a US citizen, I am paying close attention to the two New Jersey sports betting cases that the US Supreme Court has agreed to hear. The outcome of those cases could drastically change how the industry is allowed to operate in the US and open up numerous opportunities that have been dormant.
If you could change anything in the world of gambling what would that be?
Cottrill: I would like to see an effort to adopt business friendly legislation by countries in relation to gambling that will allow for the operators and governments to profit without the burdensome bureaucracy that can be present.
Who is your favorite actor or actress?
Cottrill: Coolio, he was fantastic in Pterodactyl.
Where would you travel the most in Central Europe?
Cottrill: Belarus, I have always wanted to visit Minsk.
Which are those places in Central Europe that you are not interested in and you would not like to visit them?
Cottrill: I like to travel and learn about cultures that I did not study in school. There is not a single country in Central Europe that I do not want to see.…
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Source: EEGaming.
Alejandro Navarro
Betski Secures $345,000 in Pre-Seed Funding for First-ever Tokenized Casino Ownership Platform
Betski is set to launch its online casino ownership platform in Q1 of 2025, enabling users to earn casino profits through digital tokens. The system will allow anyone to receive a share of casino earnings without managing casino operations, marking a new chapter in the multi-billion-dollar iGaming industry. Supported by a $345,000 pre-seed funding round, the platform aims to democratize access to casino earnings and reshape the multi-billion-dollar gaming industry.
Opening Casino Ownership to Everyone
The platform’s tokenization system reshapes traditional casino business rules through an automatic profit-sharing program. Token holders receive a percentage of every bet placed on the platform.
This system eliminates steep entry costs, such as operational expenses, licensing fees, and administrative management. Users can start earning returns without previous casino experience or large capital investments.
“A small group have exclusively enjoyed casino industry profits until now. Our platform opens these earnings to everyone through our tokenized profit-sharing system, turning users into online casino owners,” said Alejandro Navarro, founder and CEO of Betski.
Direct Profit-Sharing Through Tokens
Through a verified digital system, the ownership program distributes Gross Gaming Revenue (GGR) among token holders. Investors have recognized this potential, contributing $345,000 in pre-seed funding that combines gaming entertainment with digital asset ownership. The platform maintains strict security protocols and automated distribution systems for reliable profit sharing.
“The platform distributes real money to token holders from every bet placed by players. This creates a steady income stream for online casino owners – something the traditional casino structure has never offered,” said Navarro.
Global Growth of Online Casino Ownership
The platform has attracted 2400 active Discord members and over 20,000 followers on X (formerly Twitter). These early adopters are expected to participate in test runs of the profit-sharing system once it goes live. Over the next 24 months, the platform will roll out first in Latin America, followed by expansion into European and select Asian markets.
Betski offers casino games, live casino experiences, eSports betting, global lotteries, fantasy sports, and traditional sportsbooks. This variety creates multiple revenue streams for online casino owners. Players can access all gaming options through a single interface, which streamlines the betting experience and maximizes potential returns for token holders.
The team has partnered with major payment processors and marketing agencies to support the platform’s global expansion. These collaborations will facilitate smooth transactions and user acquisition across different regions. The platform meets all regulatory requirements in its target markets, certifying long-term stability for token holders.
New Opportunities for Investment
Following the successful pre-seed round, Betski is now opening its seed funding round to welcome additional participants into its casino ownership platform. This investment opportunity enables individuals and entities to join the platform’s growth journey ahead of its official launch in Q1 2025.
Bradley Khoury
eCOGRA Approved to Operate in Arizona, Indiana and Panama
eCOGRA, a leading international authority in Testing, Inspection and Certification services for the iGaming industry, has secured new regulatory approvals across three key jurisdictions: Arizona, Indiana and Panama. With these developments, eCOGRA strengthens its position in the U.S. and Latin American markets, offering excellence in compliance through their Quality, Speed, and Service promise.
This strategic expansion allows eCOGRA to conduct independent compliance audits and certification services in each region, addressing the growing demand for rigorous regulatory oversight in the fast-evolving global iGaming industry.
Securing approval in Arizona, where eCOGRA has now been licensed as an Event Wagering Ancillary Supplier, enables the International Testing Laboratory (ITL) to audit event wagering licensees in line with Arizona’s expanding regulatory landscape. Indiana, which introduced online sports betting in September 2019, has authorised eCOGRA to perform regulatory compliance audits, providing licensed operators with crucial assurance in meeting the state’s high standards.
In Panama, the Board of Gaming Control officially recognised eCOGRA as an Authorised Entity for Compliance Certification, specifically for slot machines and gaming software. This endorsement reinforces eCOGRA’s role as a trusted partner for operators seeking to meet stringent regulatory requirements in Latin America’s emerging iGaming sector.
“Our recent approvals in Indiana, Arizona, and Panama underline our dedication to continually expand our offering, to support our growing portfolio of clients with their global growth plans. We are committed to ensuring that we bring the same quality, speed and service that marks us out to both our clients and regulators in these dynamic markets,” said Will Shuckburgh, Group CEO of eCOGRA.
Bradley Khoury, Chief Technology Officer at eCOGRA, said: “Securing licensure as an Event Wagering Ancillary Supplier in Arizona and an Authorised Entity in Panama underscores our dedication to supporting responsible and sustainable iGaming operations. We are committed to driving trust and accountability within the industry by providing compliance solutions that uphold the highest standards.”
BetConstruct
BetConstruct to Showcase Latest Innovations at G2E Las Vegas 2024
BetConstruct, a global leader in the iGaming industry, is going to showcase its cutting-edge solutions at the highly anticipated Global Gaming Expo (G2E), taking place from October 7-10.
As the premier event for the global gaming industry, G2E serves as a hub for innovation, driving growth by bringing together industry professionals from around the world to foster business opportunities.
Taking place at The Venetian Expo in Las Vegas, this all-in-one event features both an education program from October 7-10 and an expansive expo hall running from October 8-10.
BetConstruct’s stand is 5230, where the team will showcase an exciting range of products, including the newly launched the Last Battle, a novel loyalty system that is the byproduct of BetConstruct’s commitment to innovation. The company will also demonstrate its comprehensive Sportsbook and Casino Suite, along with DECA, its next-level decentralised casino platform, and Umbrella, an AI-powered risk management solution. These offerings are designed to meet the needs of a diverse range of operators, ensuring seamless and engaging experiences for players across the regulated market.
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