Soft2Bet 2023 Earnings Due to Expansion and Gamification

Soft2Bet experienced a 46% year-over-year increase in overall group sales in fiscal 2023, driven by the launch of its Motivation Engineering Gamification Application Gamification product.

Gamification Gets Soft 2 Bet Biscuit In 2023
The company's B2B and B2C performances both stood out during the survey, its financial performance posted record profits across the group, and even prompted Soft2Bet to adjust its KPI to reflect a strong period of growth.

Another milestone on the financial books is a 207% increase in company EBITDA compared to the period before 2022. MEGA accounted for 60% of the total revenue from the game and was a clear winner for the company from the start, but the product was similarly good for Soft2Bet's partners.

The success of Mega Products was cheered on by our company CEO, Uri Poli Avicii, who said his company is ready to continue delivering this and better results throughout 2024. Setting goals for the new year, Poli Avicii explained, "We are already developing new and old partnerships, expanding into North America, and offering more groundbreaking solutions for our partners."

Partners similarly reported a 70% increase in average earnings per player, according to the company's financial report, which gave the company a strong incentive to continue working with Soft2bet and helped set the stage for even stronger.

In light of these results, Soft2Bet will continue to seek improvements and extensions to MEGA products that have demonstrated fierce commercial and personal success. However, Soft2Bet wants to further strengthen its core platform and help it gain a stronger position.

Utilize technology, enter new markets
One of the ideas Soft2Bet is naturally exploring is further integration of artificial intelligence and other technology solutions into its solution base.

iGaming took biscuits, but recorded similar performances in its sports betting supply business, with it successfully earning bounties in Italy, Romania, Greece and Sweden. The sports betting business was up 300% for the company.

In the meantime, the company is gearing up for a more serious foray into the North American market, especially as nearly 40 states regulate sports betting and iGaming has just become legal in Rhode Island. However, the company is gearing up for more foray, including regions like Ontario, Canada and Mexico.

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