The internal game developer for SOFTSWISS, BGaming, periodically publishes recaps of the business and the industry. The corporation has updated its explanation of its role in the online casino industry as the new year draws near. Current timely summary draws attention to the company's this year's global expansion while also highlighting some of the cutting-edge games it has provided to the larger market over the previous 12 months.
The disastrous occurrence in Ukraine struck close to home for the corporation because it is situated in Eastern Europe. Industry titans from the region and beyond, including SoftSwiss, came together to aid the nation through its difficult time. As Ukrainian folks battled for their independence and freedom, BGaming raised money and distributed it through the Klitschko Foundation and the World Boxing Council.
With gross gaming revenues (GGR) surging by 217% over the last four quarters, the company has seen historic growth in terms of business. Additionally, the number of players climbed by 236%, and the amount of individual wagers placed on their games increased by a factor of 2.5.
The study doesn't specify whether the chicken or the egg came first or whether it was a collaboration that developed over time, but the studio's crew increased from 64 to 120 employees over the course of a year.
While 2021 was a significant year for the company's general expansion, by the end of 2022 there were 800 online stores carrying the games, up from just over 500 at the start of the year. Many of the new businesses in 2022 were cryptocurrency casinos, just like in 2021.
The company has offices in Poland and the Republic of Georgia for development, in addition to its headquarters in Malta. In addition to the Romanian license it received in 2022, the company is seeking additional licenses in the regulated markets of Greece, Bulgaria, and Slovakia.
In 2022, the business put out two dozen and a half games, many of which had avant-garde mechanics and features. With its first cluster-pay game and its first BTG Megaways game, it entered the fray. Instant winnings, reel resizing, collecting elements, and in-game jackpots were some of the extra features that were introduced.
The popular Elvis Frog slot was redone using the company's new TRUEWAYS mechanics. Players responded enthusiastically to the refreshed Elvis Frog slot, and it was shortlisted for several industry prizes, including the prestigious Global Gaming Awards.
The corporation has emphasized player-drivenness more recently, and responsible gambling is one aspect of that. Both streamers and players of BGaming slots are active on social media. Twitch broadcast more than 100,000 minutes of BGaming games last year.
Custom games and brand-specific products
The company has increased its efforts in the past year to create unique games for online casino operators. In 2021, a mechanism for developing bespoke/custom games was established, and by 2022, there were more than 70 such games.
As we previously reported, the development team created an algorithm that allows them to reduce the delivery size of immediate play games by as much as 55%. Games that load more quickly are, in general, better games. In order to preserve the quality of the final image, the compression feature can "figure out" whether portions of an image or collection of images can be compressed significantly. The SBC Awards and the iGaming Idol Award both honored the innovation.
Based on the past few years, we can anticipate seeing more and more technology and player interaction innovations in the upcoming year if history is any indication of the future.
"We've witnessed substantial growth across key KPIs, got additional licenses and certifications, experimented with different mechanics and features in our games, and received multiple awards and recognitions," BGaming CEO Marina Ostrovtsova declared. All of these accomplishments are a result of the effort and commitment of our team, and we are enthusiastic about what the future holds as we try to innovate and provide the finest gaming experience imaginable. We also sincerely thank our clients and business associates for their assistance in making these achievements possible.