SoftSwiss, a prominent player in the gambling industry, has acquired a stake in Ously Games GmbH, a renowned social casino operator known for its ownership of the online platform SpinArena.net. This strategic move marks SoftSwiss' entry into the social casino market and will facilitate a technological overhaul for the German organization.
While the specific percentage of shares acquired by SoftSwiss remains undisclosed, the investment underscores the company's recognition of the potential within the social casino sector. Unlike traditional online casinos, social casinos do not offer real-money gambling; instead, they utilize virtual currency, with revenue primarily generated through the sale of virtual goods.
SoftSwiss highlights the key advantage of social casinos, namely the absence of licensing requirements or advertising restrictions. Citing internal projections, SoftSwiss anticipates that the global social casino market will surpass €10 billion by 2030, with an estimated 85 million players currently engaged in social casino gaming worldwide.
By leveraging its expertise and resources, SoftSwiss aims to drive growth and innovation within Ously Games GmbH, further solidifying its position as a leader in the evolving landscape of online gambling.
