SOFTSWISS Expands into South Africa with New Certifications

SOFTSWISS, a prominent software supplier for the iGaming industry, has announced its successful certification in South Africa. The company has secured a Letter of Certification (LoC) from the National Regulator for Compulsory Specifications (NRCS) for its Casino Platform and Sportsbook. It is now certified under the South African B2B manufacturer license.

Strategic Acquisition and Market Expansion

This certification follows SOFTSWISS’s strategic acquisition of a major stake in Turfsport, a seasoned South African software supplier with 35 years of industry experience. This move aligns their product portfolios and expands SOFTSWISS’s offerings in the growing South African market.

Vitali Matsukevich, Chief Operating Officer at SOFTSWISS, stated, “South Africa will be one of the key markets for SOFTSWISS in the coming years. It has immense potential driven by increasing internet penetration, lower mobile internet costs, and affordable mobile devices. Additionally, the local audience shows a strong interest in gambling, which further supports our decision to expand here.”

Gambling Trends in South Africa

According to an InfoQuest survey, sports betting is the most prevalent form of gambling in South Africa, with individuals placing bets on sports approximately 12 times a month. Casino gambling and horse betting are most popular on weekends, while lottery and online betting are accessible throughout the week. The survey also highlights that the average gambler engages in three different types of gambling multiple times a month, underscoring the significant role of gambling in South African society.

The SOFTSWISS South African market review reveals a growing interest in esports and fantasy sports, especially among younger, tech-savvy demographics. Statista reports that 51% of South African survey participants are interested in esports betting. At the same time, the National Gambling Board (NGB) notes that 39% are inclined towards fantasy sports betting, particularly in popular sports like soccer, cricket, and rugby. These trends align with global patterns, indicating a promising future for these regional sectors.

SOFTSWISS is an international tech company providing software solutions for managing iGaming projects. With over 2000 employees based in Malta, Poland, and Georgia, SOFTSWISS holds multiple gaming licenses and offers comprehensive iGaming software solutions. Their product portfolio includes 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 to introduce a Bitcoin-optimized online casino solution.

Source: ‘SOFTSWISS Expands in South Africa with New Certifications’, SOFTSWISS press release, July 2, 2024.