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19% Crypto Bets Growth: SOFTSWISS Reveals Digital Coin Results for Q1 2023

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In January 2023, SOFTSWISS, the leading technology provider for iGaming, was recognised as ‘Crypto Company of the Year’ by the prestigious International Gaming Awards. As a pioneer in crypto gaming, every quarter, the company analyses the crypto gaming market and shares valuable industry insights. This time, among key indicators, the expert team unveils what the average crypto player portrait looks like. 

The Q1 crypto results are based on the data from over 700 brands powered by the SOFTSWISS Game Aggregator and the SOFTSWISS Casino Platform.

Q1 2023: The Big Picture

In Q1 2023 the Total Bets indicator increased by 44.66% compared to the same quarter the previous year and by 2.24% compared to the preceding quarter. This data demonstrates a steady growth trend in the iGaming market. 

In absolute terms, the sum of wagers in crypto also shows positive growth over the course of the last year. In the first quarter of 2023, the share of bets in digital coins accounted for 30%. Q4 of 2022 showed 9% volume growth in Total Bets in crypto compared to the first quarter of the same year. Q1 of 2023, on the other hand, showed a more significant volume growth – 19%.

 

Andrey Starovoitov, Co-CEO at SOFTSWISS comments: “Despite the global events of 2022, which have undoubtedly caused most digital coins to fall in value, we are now seeing them rise in value again. For that reason, we are observing both growth in the iGaming market in general and also an increase in the sum of bets made by crypto players. We expect digital coins to remain in stable use by players in 2023 and could see more significant growth with a combination of two factors: competent retention of players and the absence of strong volatility in the crypto market.”

Most Used Digital Coins

Compared to Q4 2022, the top 3 most used digital coins remain the same: Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC). However, their shares have changed – Bitcoin is up by 1.9 p.p. at the expense of smaller digital currencies, while Ethereum remained the same.

Looking at the development of digital coins over a longer period, the changes in the shares of digital coins are more substantial. From Q1 2022, BTC increased by 3.72 p.p., whereas ETH lost 5.01 p.p. The fall in the share of the third leading digital coin, LTC, occurred by 1.36 p.p.

The final shares for Q1 2023 are as follows:

  • BTC – 76.5%
  • ETH – 8.4%
  • LTC – 5.1%

Tether (USDT) took a share of 5.1% for the first time, in turn, Dogecoin (DOGE) rates fell by 1 p.p. compared to the previous quarter, taking a 2.5% share at the end of Q1 2023.

 

Among other currencies that showed an increase in the share of Total Bets – Ripple (XRP), Tron (TRX) and Cardano (ADA).

The Crypto Player Portrait

Diving deeper into the industry insights, SOFTSWISS has defined the average crypto player portrait. Based on the Q1 data and available data from player profiles, 65% of the crypto audience is male and 35% female.

The percentage of age groups of the crypto players who have indicated their age on their online casino profile is as follows:

 

Thus, the core audience of digital coins in iGaming is in the 31-50 age range. It  makes up 70% of the audience that uses crypto.

Moreover, more than half of crypto GGR per Q1 was formed by bets made on mobile devices: 64% of mobile users vs. 32% of desktop ones.

This data may become crucial when choosing a strategy for growing an existing iGaming brand or launching a new one. As SOFTSWISS experts note,  interest in starting crypto projects is high, even when crypto demonstrates quick changes and might be unpredictable. Nevertheless, Q1 statistics indicate that  2023 is shaping up to be a year of positive development for projects related to digital coins.

Max Trafimovich, Chief Commercial Officer at SOFTSWISS, summarises: “Over the last few years we have seen a steady increase in demand for crypto-ready solutions, be it for launching a casino or a sports betting venture. It’s undeniable that some crypto iGaming operators have drawn much attention and accolades on a global level. Besides crypto, such operators also happen to be at the forefront of various other innovations, those going beyond the payments aspect. SOFTSWISS will remain the ultimate partner on this frontier with new crypto-oriented technologies, top-level service, and security.”

 

About SOFTSWISS

SOFTSWISS is an international iGaming company supplying certified software solutions for managing gambling operations. The expert team, which counts 1,500+ employees, is based in Malta, Poland, Georgia, and Belarus.  SOFTSWISS holds a number of gaming licences and provides one-stop-shop iGaming software solutions. The company has a vast product portfolio, including the Online Casino Platform, the Game Aggregator with thousands of casino games, the Affilka affiliate platform, the Sportsbook Platform and the Jackpot Aggregator. In 2013, SOFTSWISS was the first in the world to introduce a Bitcoin-optimised online casino solution.

George Miller (Gyorgy Molnar) started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

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EGT Digital to reveal a captivating product display at FIJMA 2024

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After a series of numerous exhibitions that passed with great success, now EGT Digital is ready to fascinate the visitors of FIJMA as well. The iGaming provider will participate in the show together with EGT and both companies will present their novelties on stand C17-C19.

At visitors’ disposal will be the well-known instant games of EGT Digital, as well as its wide range of slot solutions, currently containing the jackpots Bell Link, Clover Chance, High Cash and Single Progressive Jackpot and more than 100 titles, which will demonstrate why they are players’ preferred choice in over 50 markets worldwide.

Among the main highlights in the casino portfolio will be the brand-new football game Burning Goals, part of the Clover Chance jackpot. On the eve of the European Championship, EGT Digital will give football lovers the opportunity to feel the atmosphere of a real match with just a click on their screen. The gaming thrill will reach new heights with the double chance feature, which provides players with even more opportunities of bringing home one of the big prizes.

EGT Digital’s in-house developed all-in-one betting platform X-Nave will also be on display to show how it can provide operators with a complete solution, through which they can build and maintain a successful iGaming business.

It includes 4 main modules: Sport product, Casino aggregator, CRM Engine and Payment Gateway. Each of them can be both part of the turnkey product or operate independently, as they allow integration with developments of third-party providers.

Tsvetomira Drumeva, Head of Sales at EGT Digital, commented: “Our games have already made their debut in Spain and we are delighted that their performance has been very good so far. FIJMA as one of the most authoritative exhibitions for Spain and the region will give us the opportunity to meet with many of the local operators and present to them our products in person. This will certainly increase our popularity and help us to close many more deals.”

The post EGT Digital to reveal a captivating product display at FIJMA 2024 appeared first on European Gaming Industry News.

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Esports media platform TalkEsport raises $1 million in pre-series A funding round

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TalkEsport, India’s leading esports media platform, announced today the successful closure of its pre-series A funding round, securing a significant investment of $1 million from Saswat Ventures. The substantial investment underscores TalkEsport’s robust growth trajectory and reaffirms its position as a pioneering force in the esports industry.

Founded in 2011, TalkEsport was set up with a vision to bring timely news and updates to gaming communities worldwide. As India’s oldest esports media platform, the company now caters to millions of gamers worldwide through its website and social media channels. TalkEsport plans to utilize the investment to scale up its core website while launching a highly interactive application for its audience and setting up a state-of-the-art production studio in Mumbai. Through it, the company will be launching exclusive content IPs focused on gaming and esports.

“We are delighted to welcome Saswat Ventures as our strategic partner,” exclaimed Deepak Ojha, Founder and CEO of TalkEsport. “Their belief in our vision and commitment to the esports ecosystem align seamlessly with our mission to redefine gaming experiences globally. With this investment, we will be scaling up our newsroom to cater to gaming communities worldwide while launching new content IPs targeted towards Indian and international audiences.”

Saswat Ventures, a family fund set up by Mr. BL Sharma, Principal, shares a vision of catapulting TalkEsport into a global phenomenon. Mr. Sharma has businesses across the country and expressed his confidence in TalkEsport’s potential to revolutionize esports media and connect with a vast audience of passionate gamers worldwide, “We believe in TalkEsport’s potential to become a global platform for esports enthusiasts worldwide.”

Trilochan Sharma, a seasoned expert in compliance matters, joins TalkEsport’s board as the Director of Compliance. His wealth of experience will ensure adherence to regulatory standards and bolster the company’s governance framework.

In addition to this pivotal investment, TalkEsport is proud to announce key developments that highlight its commitment to innovation and growth:

Production Studio in Mumbai

TalkEsport is excited to unveil its state-of-the-art production studio in Mumbai. This cutting-edge facility will serve as the epicenter for creating high-quality esports content, launching content IPs, live broadcasts, interviews, and immersive gaming experiences.

Pranav Nalawade, the Editor-in-chief of TalkEsport, said, “Our new era of esports coverage will begin not only with TalkEsport’s revolutionary approach in publishing news and covering esports events but also high-quality esports content courtesy of our new production studio. As one of the oldest esports media platforms, we have built an audience that relies on us for our history of trustworthy and reliable news. Now, we want to double up on this audience, reforming the way content around esports is consumed in India and abroad through podcasts, media, short-form content, and analytical stories – both in the form of video and text.”

Upcoming Mobile App Launch

Furthermore, TalkEsport is gearing up for the launch of its mobile application soon. This innovative app promises to redefine how gamers access news, engage with esports communities, and participate in live tournaments, all from the convenience of their mobile devices.

“Proceeds of the $1 million will be utilized in creating a robust team of gaming enthusiasts and expanding our global reach,” added Deepak. “This investment not only propels TalkEsport’s growth initiatives but also fuels our mission to provide unparalleled experiences for esports enthusiasts worldwide.”

Through its application, esports viewers will be able to get live coverage of esports tournaments, scores, and interviews. Additionally, they will be able to participate in community tournaments, thus providing an end-to-end immersive experience from the convenience of their mobile devices.

The media company continues to lead the charge in transforming the esports landscape, fostering community engagement, and pushing the boundaries of gaming innovation. The company’s dedication to excellence, coupled with strategic partnerships and visionary leadership, sets the stage for an exciting chapter in esports media.

The post Esports media platform TalkEsport raises $1 million in pre-series A funding round appeared first on European Gaming Industry News.

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Push Gaming releases a sugary sequel in Retro Sweets

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B2B gaming supplier Push Gaming returns to the nostalgic aesthetic of one of 2023’s biggest hits with its latest sequel, Retro Sweets.

Building from the success of Retro Tapes, the slot is again played across a 6×9 matrix but this time swaps audio cassettes with various tasty treats and instant win coins to represent its symbols in this cluster pay outing.

Wild candies make it easier to create winning clusters and also bring the game’s intuitive use of multipliers into play. For each successive win that a wild is a part of, its multiplier increases by 1x while multiplier symbols further increase win potential and provide a progression loop.

Elevating the gameplay further, Retro Sweets introduces the Instant Prize Multiplier which gives regular Instant Prize symbols the potential to form crazy winning clusters.

The now synonymous Cluster Links mechanic also benefits from the sweet collector feature, an augmented version of Retro Tapes’ Magnet mechanic, which gathers all non-clustered coins, symbols and wilds into the same part of the gameboard.

Providing increased player personalisation and amplified replayability, the Push Bet feature allows players to have one or two guaranteed wild candy symbols land on each spin with three needed to enter the bonus round.

Not only does this make entry to the bonus easier, but raises the potential of landing a greater number of wilds – more wilds mean more spins, opportunities to form connecting coins clusters and more maximum wins – continuing the Retro franchise’s synonymity with big prizes.

Retro Sweets blends nostalgic iconography and sound design with innovative mechanics that made the original title a multi-award winner. It follows other notable hits from the studio, including DJ Cat, Samuari’s Katana and Wild Swarm 2.

Senior Game Producer, Ihor Lozinskiy at Push Gaming, said: “Retro Sweets is a mouth-watering, mechanically rich title that amplifies the use of multipliers and offers more ways to win big. The evolved features are set to engage players and allow them to enjoy the slot in a variety of ways, tailored to their play style.

“We’re excited to be expanding upon the success of Retro Tapes and returning to the Cluster Link mechanic for one of our sweetest releases of the year.”

The post Push Gaming releases a sugary sequel in Retro Sweets appeared first on European Gaming Industry News.

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