Finance

SoftSwiss announces threefold quarter-on-quarter increase in total bets and GGR for Q1 2021

| By SoftSwiss

Stats pulled from SoftSwiss Game Aggregator Q1 2021 corporate report

SoftSwiss has enjoyed a stellar first quarter, with chief operating officer Andrey Starovoitov revealing that “the total bets and GGR increased nearly threefold in Q1 2021, compared to the same period back in 2020”.

The number of total bets showed a 167% rise from €4.1bn in Q120 to €10.97bn in Q121 (pic. 1). The company attributes the increase to its extensive expansion as a brand, along with the effects of strengthened lockdown measures and players going fully digital. The 165% GGR rise from €162.52m in Q120 to €430.04m in Q121 reinforces this (pic.2).

The Q1 2021 report further states that the top currency remains the euro (pic. 3). Furthermore, the volume of transactions using bitcoin has grown by over 1,000%, despite the fact that bitcoin lost its position within the top three currencies. Country-wise, over the past year, all regions experienced an increase in the volume of bets. However, the growth rate in the CIS region was below that of the rest of the world, for example of Western Europe.

The CIS region is generally a very large market for the SoftSwiss Game Aggregator, however, it faced certain difficulties with the operation of payment methods in Q1 2021. Hence the volume of bets ended up decreasing slightly, with the overall market share experiencing a significant drop from 22% in Q4 2020 to 15% in Q1 2021.

Nonetheless, traffic volumes throughout the CIS region are growing, with the leading territories being Russia, Ukraine, Kazakhstan and Azerbaijan.

Statistically, based on general data of players aged 18-70, shown in pic. 4, the average age and gender remains largely stable with a rather wide age range being 21-41 years (i.e. the average player age being 34 years). The majority of players tend to be male (pic. 5).

Finally, the Q1 2021 Game Aggregator report also shows that the share of desktop usage is declining in favour of smartphones (seen in pic. 6), which is most relevant to the current global trend, forced by the Covid-19 pandemic. Tablets seem to occupy their small but stable 5% niche.

According to the statistics, six out of the 10 most played titles appear to be live games, while the remaining four, which include Fruit Party by Pragmatic Play and Book of Dead by Play’n GO are slot games. Sweet Bonanza by Pragmatic Play remains a permanent leader in slot games category. The most popular live game is Lightning Roulette by Evolution.