January 2025 News Roundup: SOFTSWISS Highlights New Solutions, Ontario iGaming Grows, Nuvei Expands Payments, CGS Rio Focuses on Regulatory Talks, and Snaitech Strengthens Compliance Measures.
SOFTSWISS Highlights New Solutions at ICE Barcelona 2025
SOFTSWISS participated in ICE Barcelona 2025, the first edition of the iGaming industry’s largest trade fair held in Barcelona, from January 20-22. The event marked the relocation of ICE from London and coincided with Spain’s growing presence in the global gaming industry. In 2024, the IMF named Spain the “best-performing economy,” and its Gross Gaming Revenue (GGR) reached €1.24 billion in 2023, supporting its selection as the event’s new host country.
At the trade fair, SOFTSWISS showcased its Game Aggregator, which features a portfolio of over 27,800 games from more than 280 providers. The platform is certified in markets including Brazil, Peru, and Spain, ensuring compliance with local regulations and providing effortless integration for operators.
The company also introduced a new marketing campaign, “Hungry for Success? Dive in with SOFTSWISS,” symbolised by a shark to represent leadership and technological innovation. Visitors to the SOFTSWISS booth observed a live performance by Slim Safont, a local artist, who collaborated with attendees to create a large-scale shark mural. SOFTSWISS also highlighted its plans to build stronger partnerships in key regulated markets, focusing on compliance and technology-driven solutions.
SOFTSWISS further demonstrated its strategic focus on global expansion through a masterclass led by Chief Commercial Officer Max Trafimovich. The session explored opportunities in the UAE market, addressing regulatory requirements and market entry strategies.
The company’s presence at ICE Barcelona 2025 reflected its emphasis on innovation, market expansion, and compliance with changing industry standards.
Ontario iGaming Handle Reaches $22.7 Billion in Q3 of 2024-25 Fiscal Year
Ontario’s iGaming market saw substantial growth in the third quarter of the 2024-25 fiscal year, with wagers totalling $22.7 billion, according to iGaming Ontario’s latest performance report. This figure, which excludes promotional wagers, represents a 22% increase over the previous quarter and a 32% rise year-over-year. Gaming revenue for the quarter reached $825.8 million, a 25% increase compared to the same period last year. This revenue includes wagers, rake fees, tournament fees, and other operator fees across all platforms.
Casino games, including slots, live and online table games, and peer-to-peer bingo, dominated the market. They accounted for $18.9 billion (83%) of wagers and $644 million (78%) of total revenue. Betting on sports, esports, proposition bets, novelty bets, and exchange betting generated $3.4 billion (15%) in wagers and $166 million (20%) in revenue. Peer-to-peer poker made up $418 million (1.8%) of wagers and $16 million (1.9%) of revenue. During this period, 50 operators managed 83 gaming websites, reflecting the growing diversity and competitiveness in Ontario’s regulated market.
The monthly data for December 2024 highlighted additional trends in the iGaming space. Wagers for the month totalled $7.8 billion, a 5% increase from November. Online casino games led the activity, generating $6.5 billion in wagers, a 7% month-over-month increase. Sports betting wagers reached $1.1 billion, reflecting a 4% decline, while peer-to-peer poker wagers grew by 4% to $141 million. Despite higher overall wagering activity, December revenue dropped 7% compared to November, totalling $269 million. Online casino revenue rose by 8% to $224 million, while sports betting revenue dropped 50% to $39 million. Poker revenue increased by 10%, reaching $5.6 million.
These results underscore the sustained growth of Ontario’s iGaming market, with casino games continuing to drive the majority of wagering and revenue. As the province’s regulatory framework matures, the sector demonstrates its potential for further expansion, fueled by increased player engagement and a competitive operator market.
Nuvei Launches Omnichannel Payment Solution for the UK Gambling Sector
Nuvei Corporation has unveiled its Omnichannel payment solution to the UK gaming market, designed to seamlessly integrate retail and online payment channels into a unified system. The platform uses a centralised API to streamline payment management, provide unified reporting for player behaviour analysis, and support consistent card tokenisation across both online and offline channels. It also supports localised payment methods, ensuring compliance with UK and global regulations.
Nuvei’s Chair and CEO, Philip Fayer, commented on the announcement, saying that their Omnichannel solution is “transforming how UK gaming operators interact with their customers.” He added that by “breaking down the barriers between online and offline experiences,” the company is helping operators create “more personalised and engaging player journeys.” According to Fayer, the launch signifies a key step in Nuvei’s commitment to delivering “cutting-edge payment solutions that drive growth and enhance user experience in the rapidly evolving gaming market.”
Buzz Bingo, one of the UK’s largest retail bingo operators, has integrated Nuvei’s Omnichannel payment solution to unify its retail and online payment systems. Sam Bailey, who leads Product Fraud & Payments at Buzz Bingo, described the platform as “a real step ahead of our current retail payment infrastructure.” He emphasised that Nuvei’s collaborative approach allowed them to influence the development roadmap, making it a valuable partnership as they expand payment options for their customers.
CGS Rio 2025 Opens Brazil’s Gaming Calendar with Networking and Expert Panels
CGS Rio, the 7th event organised by CGS Events in Brazil and the 3rd hosted in Rio de Janeiro, will take place on February 24-25, 2025. This one-and-a-half-day gathering is set to connect industry players and support the growth of Brazil’s gaming market, which is undergoing significant regulatory changes.
The event will feature panels, workshops, and presentations covering the latest updates on Brazil’s gaming regulations, including their impact on sports betting and lottery operations. Regulators, operators, suppliers, and industry professionals from across Brazil and abroad will attend to discuss market developments and explore opportunities for collaboration. Participants will also have the chance to meet peers, exchange ideas, and establish new partnerships.
Sylvia Elizabeth Leiva Goycochea, CEO of CGS Events, emphasised the importance of Brazil as a key growth market. “We are proud to be part of this growth and regulatory process in one of the most important gaming markets,” she noted.
As the gaming market in Brazil continues to expand, CGS Rio offers a vital space for industry professionals to stay informed, forge new partnerships, and discuss the future of the sector.
Snaitech Partners with GeoComply to Strengthen Compliance and Player Protection in Italy
Snaitech has announced a partnership with GeoComply to improve its compliance measures and bolster consumer protection in the Italian gaming market. By integrating GeoComply’s advanced geolocation technology, Snaitech aims to ensure regulatory compliance while addressing issues including fraud and money laundering. The collaboration reflects Snaitech’s commitment to offering a secure and transparent gaming environment for its customers.
Snaitech CEO Fabio Schiavolin stated, “The partnership with GeoComply allows us to take that commitment to the next level, underlining our efforts and dedication to player protection in the iGaming market.” The company will use GeoComply’s tools to verify player locations, detect potential instances of account takeovers or bonus abuse, and maintain a competitive edge in the Italian market.
GeoComply CEO Anna Sainsbury highlighted how the partnership demonstrates the strength of the company’s geolocation technology and its ability to maintain integrity while reducing compliance risks. “The adoption of such technology not only mitigates risks but also creates amazing user experiences that drive revenue globally for the entire regulated gaming ecosystem. It’s a win-win for everyone involved,” she explained.
This partnership follows GeoComply’s proven success in markets including the United States, where its solutions have been instrumental in maintaining regulatory standards. Snaitech’s collaboration with GeoComply comes at a time when the Italian market is shifting, with Snaitech strengthening its position following its acquisition by Flutter Entertainment in a €2.3-billion deal in September 2024.
