Daily News: SoftSwiss reports its profit for 2021 and the European gambling market is growing and more

SoftSwiss has doubled

SOFTSWISS (iGaming software developer) shared its financial results for the year.

Compared to the last year, financial report shows that the revenue has incrased significantly. The average monthly GGR amounted to 200 million euros, compared to 88 million euros in 2020.

One of the main reasons for this growth was the company's entry into several new markets at once, including Argentina, Brazil, Japan, India and Tunisia.

online casinos at least once a month increased during the pandemic from 8.7% to 14%, that is, more than 600 thousand people.

Great growth is also observed among 45-54 year olds - the number of players increased by more than 341 thousand people. But the number of people from 16 to 34 years old playing online decreased by 307 thousand.

Forecast: European gambling market will grow

The European Gambling Association in partnership with Gambling Capital has released a new report for the last year.

According to experts, the total income from gambling in Europe for the year will amount to 87.2 billion euros (98.5 billion dollars), with 36.4 billion euros coming from online.

The growth of online gambling in Europe is expected to accelerate due to the pandemic, and revenue from the iGaming industry will grow by 9% each year.