Softswiss invests in a prominent social casino in Europe 

 Softswiss is planning to make a bold investment by acquiring a stake in Ously Games GmbH in 2024, its most significant acquisition move after Turfsport in January.

 The social casino is powered by IGT's PlaySports platform, and Softswiss, a provider of gaming technology, has a "significant" investment in it.  The popular social casino SpinArena.net is owned by Ously Games.

 Now that Softswiss has taken its investment, Ously Games, based in Germany, will get a complete technological makeover from the company.

 Although the exact amount is not disclosed, Softswiss is believed to be optimistic about the future of social casinos.

 Players at social casinos utilise virtual currency to play games rather than real money.  Revenue for social casinos is mostly generated by the selling of virtual items.

 Global growth in view
 Softswiss claims that "no licence requirements or advertising restrictions" will be a big plus.  The worldwide social casino industry is expected to reach €10 billion (£8.53 billion/$10.64 billion) by 2030, according to Softswiss's own projections.  According to Softswiss, 85 million individuals use social casinos at the moment.

 It is believed that SpinArena.net, the principal social casino of Ously Games, provides the greatest number of slots accessible to social players in Europe.  It is thought that Ously's "player base tripled" since the beginning of 2023.  Over 700,000 players are involved in total.  The casino reportedly has a yearly turnover of €1.0 million, thanks to its more than 3,000 games from over 40 providers.

 The acquisition is seen by Softswiss founder Ivan Montik as a significant diversification of the company's portfolio.

 Softswiss diversified its portfolio with smart investments made in anticipation of the rise of social casinos in the igaming industry.  We are committed to building a complete platform for social casinos and expanding our company's igaming product ecosystem.

 The aspirations of Montik are shared by Jochen Martinez, founder of Ously Games.

 "We are thrilled to establish a strategic alliance with the worldwide provider of technology Softswiss," he exclaimed.  "The combined knowledge, experience, and fresh perspectives that this partnership offers are priceless."

 A recent significant development for Softswiss
 In recent months, Softswiss has made a number of announcements, the most recent of which is the Ously acquisition.  The supplier said in January that it was acquiring Turfsport to expand into the African market.

 Softswiss followed Ously's lead and did not disclose the purchase price or the size of their stake.  Nevertheless, it did state that the acquisition enhances its product lineup and enables it to tap into additional markets.

 Turfsport is a one-stop shop for all your sports betting, lottery, and horse racing needs.  More than 40 South African operators are actively working with the company.

 Andrey Starovoitov, co-CEO, stated at the time that the acquisition will allow the company to access new markets quickly and efficiently.

 "This agreement marks a major milestone in Softswiss's ambitious expansion into South Africa and the African continent," Starovoitov stated.  In my opinion, this area is quickly rising to prominence, second only in importance to Latin America on a worldwide scale.