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SOFTSWISS Releases Free Sportsbook Budget Calculator

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SOFTSWISS Releases Free Sportsbook Budget Calculator
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SOFTSWISS, a global iGaming software provider, publishes a free Sportsbook Budget Calculator. The comprehensive tool will help businesses considering launching a sports betting project to calculate the costs and benefits. 

Incorporating years of experience from the SOFTSWISS Sportsbook team, the Sportsbook Budget Calculator touches on all vital points in creating a sports betting business plan. With the insights on local market peculiarities provided by Rubens Barrichello, Non-Executive Director in Latin America at SOFTSWISS, this resource will be especially helpful for those considering entering the fast-growing LatAm region. 

Sports betting remains one of the most popular and promising iGaming verticals. According to the Sportsbook Budget Calculator file, revenue in the Online Sports Betting market is projected to reach EUR 46.67bn in 2024, a 14.01% increase compared to 2023, with Europe as the largest market. This is the combined amount of revenue that each sport will generate:

  • Esports – 6.4%
  • Basketball – 9.4%
  • American Football – 9.4%
  • Football – 9.4%
  • Tennis – 12.5%
  • Boxing and MMA – 15.6%
  • Others – 37.5%

In addition to a brief overview of the global sports betting markets, the Sportsbook Budget Calculator file also includes a list of the most common mistakes when calculating a budget and recommended solutions, a Budget Calculator downloadable file, and a glossary of terms for clear understanding of each variable. 

Alexander Kamenetskyi, Head of SOFTSWISS Sportsbook, comments: “At SOFTSWISS, we understand that careful planning is crucial for the success of any sports betting business. Accurate budgeting and detailed preparation are fundamental when launching a bookmaking operation. Turning a concept into a well-structured project requires meticulous planning and the right software platform, with an emphasis on product quality, especially in sportsbooks. Our extensive experience in sportsbook software enables us to guide our partners toward success.”

In celebration of its 15th anniversary in 2024, SOFTSWISS is offering a wide array of gifts, bonuses, discounts, and special offers to new and existing clients, inviting everyone to join in the celebration. In addition to the Sportsbook Budget Calculator, new Sportsbook clients will also have the opportunity to access the Jackpot Aggregator completely free of charge for all local jackpot campaigns for the first 150 days after launch.

 

About SOFTSWISS 

SOFTSWISS is an international tech company supplying software solutions for managing iGaming projects. The expert team, which counts over 2,000 employees, is based in Malta, Poland and Georgia. 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.

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Ixia launches $20 million global gaming venture Fund and Studio

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Ixia launches $20 million global gaming venture Fund and Studio
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Ixia Capital, a venture capital fund and studio, has launched with an investment of $20 million focused on high-growth companies across gaming, esports, digital assets, and complementary technologies.

The fund has been founded by partners with deep firsthand iGaming industry experience, enabling entrepreneurs to realise innovative ideas, technologies, and transform business models into profitable companies.

Ixia Capital is a global fund with a focus in India, Africa and UAE where the mission is to accelerate development and manage risks to help ventures succeed in specialised fields. The fund is based in the Cayman Islands, while the Ixia Studio is headquartered in the USA.

Ixia Capital CEO and Venture Partner Mona Motwani, said: “It’s a proud moment for us to officially launch Ixia Capital. Our mission is partnering with driven entrepreneurs to equip them with resources, expertise, exposure and capital that allow them to build the best ideas into great companies. Through this hands-on approach, Ixia is all about accelerating ideas and mitigating risks.”

Ixia Studio, the venture studio arm of Ixia Capital, is in the process of launching six disruptive projects – FasFas Games, a Sports NFT Trading Exchange, a Gaming Loyalty Reward Platform, Sports Investment Thought Leadership Platform, and a Sports Coverage and Games Engagement App. The role of the Studio is to provide funding, resources, and operational support to help entrepreneurs build and scale companies.

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SPOTLIGHT SPORTS GROUP AGREES NEW DEAL WITH HONG KONG JOCKEY CLUB

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SPOTLIGHT SPORTS GROUP AGREES NEW DEAL WITH HONG KONG JOCKEY CLUB
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Spotlight Sports Group (SSG), a world-leading technology, content, and media company specialising in sports betting, has signed a deal to extend a multi-year agreement with the Hong Kong Jockey Club (HKJC).

The long-term partnership, powered by the Racing Post, will promote Hong Kong racing to a worldwide audience through the provision of full racecards for the Hong Kong Jockey Club meetings at Sha Tin and Happy Valley, editorial and tipping content. The partnership will also enable free-to-view live streams and replays of all Hong Kong racing via Racing Post digital platforms.

The collaboration also sees the promotion of the HKJC’s World Pool initiative, specifically with editorial, tipping and signposting of World Pool meetings. Spotlight Sports Group is delighted to have this agreement in place before Royal Ascot, a meeting that not only features high-class horse racing, but five days of World Pool betting.

James Fitzpatrick, Account Director for B2B Content Services at Spotlight Sports Group, said: “The Hong Kong Jockey Club is one of our key partners and I’m delighted we will be continuing our relationship. Extending this deal ahead of Royal Ascot will allow us to continue to promote World Pool days to a global audience during one of the biggest international meetings of the year.”

The view was shared by Michael Fitzsimons, Executive Director, Wagering Products of the HKJC: “The HKJC and Racing Post are two of the most powerful and respected brands in the horse racing industry and we can see many great opportunities to work together to achieve our goals and longer-term vision throughout the life of the agreement.”

 Spotlight Sports Group aims to support the global betting, horse racing and fantasy sports industries.

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Balkans

EGT’s Gods & Kings Link with first installation in Bulgaria

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EGT’s Gods & Kings Link with first installation in Bulgaria
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EGT’s jackpot Gods & Kings Link made its debut in Bulgaria. The first local gaming establishment to install the product is the largest casino in the country GoldenEye, located in Svilengrad.

“We are very happy to once again have the opportunity to support our partners from GoldenEye by providing them with one of the latest developments from our slot portfolio,” commented Biserka Draganova, Sales Manager for the Balkans and Egypt at EGT. “The fact that out of a total of 500 machines in the casino, 320 are EGT’s is a testament to the great confidence they have in us, and I believe that Gods & Kings Link will show the excellent results expected from it.”

The product is currently available on several cabinets of the G 50 J2 St model, and will be installed on more by the end of June. Gods & Kings Link has 4 levels of jackpot: Minor and Mini, that are fixed for each machine and Grand and Major, which are progressive and can be won with every bet made on any of the 4 games Rise of Ra, Olympus Glory, Ape of luck and Glorious Alexander. The Grand and Major levels are common with EGT’s bestseller jackpot Bell Link, thus creating even greater chances for wealth.

Gods & Kings Link has definitely caught the attention of our customers and in the short period of time we’ve been offering it, we’ve seen a lot of interest in it,” said Mert Caliskan, Casino Operation Director. “The titles in the mix are extremely interesting and provide lots of bonuses and fun during play. This in combination with the possibility of getting even bigger winnings thanks to the connection to Bell Link, which is very popular in our casino, is a guarantee that this will be another very successful EGT product.”

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