Softswiss: Financial results from 2021 more than twice those of 2020
The Game Aggregator product developed by Softswiss has disclosed its early financial statistics for the year 2021. Softswiss said that all of its financial results had more than quadrupled when compared to the year 2020. One illustration of this is how the company's average monthly gross gaming revenue (GGR) has increased to €200m ($225m) from €88m in the year 2020.
In a similar vein, the provider reported that the monthly average wager total has surpassed the €5 billion level, which represents a 130% increase from the €2.2 billion recorded the previous year.
The business went on to say that annual GGR and bet sum both climbed by a "substantial" amount, going from a maximum of €130 million in January 2021 to more than €250 million in December. The similar pattern was seen with the total amount wagered, which increased from €3.3 billion to €6.5 billion, almost doubling in size.
The expansion of the firm's game distribution to numerous additional countries, including Japan, Brazil, Argentina, India, and Tunisia, was cited as the primary reason for the majority of the gain in revenue by the company.
Softswiss reported that crypto made up almost 40% of all currencies utilized by players at its game operators in 2021, which is an increase from the 20% share it held in 2020. Bitcoin's market share continues to be the highest of any cryptocurrency at 83.3%.
Throughout the course of the previous year, the company formed partnerships with over 60 different customers and 20 different game developers. At the moment, the Softswiss Game Aggregator provides amusement material from over 170 game companies, which totals more than 11,800 games overall, with more than 3,000 games optimized specifically for bitcoin.
The titles Sweet Bonanza (Pragmatic Play), Book of Dead (Play'n Go), and Fire in the Hole xBomb are among the company's most successful and widely played video games (Nolimit City).
Andrei Starovoitov, the Chief Operating Officer of Softswiss, was quoted in a release as saying, "Softswiss has long been renowned as a B2B crypto solution provider, and this past year has demonstrated that once again."
Because the usage of cryptocurrencies is becoming increasingly commonplace in the gaming sector, we made sure to give considerable consideration to this aspect while designing our platform. The numbers for 2021 represent the anticipated outcome of the company's ambition to broaden its product offering to include cryptographic assets.
