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Soft2Bet's Growth Report for 2024: A Landmark Achievement

Soft2Bet, a leading provider of turnkey B2B iGaming solutions, has announced remarkable results in its latest 2024 Growth Report, which highlights significant financial growth, compliance successes, and product innovations. One of the most notable achievements is the company's ability to double its EBITDA compared to the previous year, attributed to strategic expansions into regulated markets and pioneering product innovations.

Market Expansion: Reaching New Heights

In 2024, Soft2Bet successfully secured both B2C and B2B licenses across multiple regions, including Ontario, Mexico, Sweden, Greece, and Romania, thereby enhancing its presence in regulated markets. The firm completed turnkey deals in Mexico and Nigeria, acquired its first MEGA partnership in Europe, and made strides in entering the New Jersey and Spanish markets. These endeavors solidify Soft2Bet's leadership position within the iGaming sector.

Uri Poliavich, the founder and CEO of Soft2Bet, emphasized the company's transformative approach: "At Soft2Bet, we have redefined traditional gamification with our cutting-edge MEGA solution, which significantly enhances player engagement. This innovative strategy has had a profound impact on our brand performance, garnered industry recognition, driven sustainable revenue growth, and achieved a higher return on capital as we expand into new markets."

Financial Success: Impressive Earnings on the Horizon

Soft2Bet's commitment to expanding its licensed presence across Europe and beyond has continued to pay off. The company anticipates doubling its EBITDA for 2024 over previous periods, thanks to its groundbreaking B2B solutions. This forecast not only reflects confidence in the current market climate but also highlights Soft2Bet's vision for future growth.

Innovating for the Future: Product Development at Soft2Bet

The substantial boost in financial performance for Soft2Bet in 2024 can largely be credited to enhancements made to its Motivational Engineering Gaming Application (MEGA) and the introduction of AI-driven tools. As a now stand-alone solution, MEGA has led to increased Net Gaming Revenue (NGR) by an impressive 65%, with average revenue per user (ARPU) rising by 45% and deposit amounts increasing by 50%. These metrics underline the effectiveness and demand for innovative gaming solutions offered by Soft2Bet.

Recognition in the iGaming Industry

The relentless drive for innovation and growth displayed by Soft2Bet has not gone unnoticed, culminating in widespread recognition across the industry. For 2024, the company received 38 award nominations, reflecting a striking increase of 322% from the previous year, along with 10 awards for product innovation—a 233% rise. These accolades underscore the significant contributions of Soft2Bet to the gaming sector.

Corporate Social Responsibility: A Commitment to Community

In alignment with its corporate social responsibility (CSR) objectives, Soft2Bet supported nine initiatives in 2024. The company donated over €821,000 to seven non-governmental organizations and assisted 34 entities and donors through projects such as blood donation drives, community clean-ups, and breast cancer awareness education. Such efforts illustrate Soft2Bet’s commitment to making a positive impact in society.

Investing in the Future of Gaming

In a bid to promote innovation within the iGaming industry, Soft2Bet established a €50 million funding initiative named Soft2Bet Invest, designed to support iGaming and casual gaming entrepreneurs focusing on AI, UX analytics, and high-margin gaming solutions. This fund was recognized with the 'Outstanding Contribution to the Gaming Industry 2024' award in September 2024 for its role in fostering technological advancement and mentorship in the sector.

Concluding Insights on Soft2Bet

Soft2Bet continues to be a prominent name in the iGaming industry, known for delivering high-quality products and services for online gambling operators. The company has created numerous successful iGaming brands and holds over 13 global licenses. With such formidable achievements and strategic initiatives, Soft2Bet is well-positioned for sustained growth and innovation in the years to come.