SoftSwiss, a tech company focused on iGaming, acquired Kingswin Online OÜ, an Estonian company holding the local remote gaming license.
The amount of the deal was not disclosed.
Kingswin is part of the SoftSwiss Group of companies, while Estonia becomes a new country where the acquiring company has established an official presence.
Operating under the Estonian license, Kingswin is an eGaming company running kingswin.com, an online casino powered by the same SoftSwiss platform since 2015 and hosting a large number of games from several software providers.
Beyond these offerings, a popular bonus offers 30 free spins no deposit required.
Commenting on the deal, Ivan Montik, Founder of SoftSwiss, said: “SoftSwiss’s acquisition of Kingswin provides a major growth opportunity for both our businesses through an extended service offering for our clients. “With a range of high profile clients, the acquisition of Kingswin supports the SoftSwiss strategy to lead the market and provide a complete online gaming solution in various counties.”
The deal will also enable the company to offer white label solutions under the Estonian license including including 24/7 customer support to players, player retention and reactivation, extended Anti-Fraud support to operators and gambling license and iGaming consulting.
SoftSwiss offers certified software solutions for managing online casino and betting operations worldwide. The company also provides white label solutions and other various operational services to clients. Based in Belarus, where they have a team of 300+ people, they have an official presence and gaming licenses in several other jurisdictions. In details, products include:
– Online Casino platform
– Game Aggregator
– Sports Betting platform
– Affiliate Marketing platform
– Casino Games (under the brand name BGaming).
FinSMEs
20/12/2019