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Affiliate Industry

Better Collective acquires leading US sports betting media platform, Action Network, for 240 mUSD

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With the acquisition of Action Network, Better Collective gains clear market leadership within sports betting media and affiliation in the US and now expects to increase its revenues in the US to more than 100 mUSD by 2022.

Sports betting media group, Better Collective, today announces that it has signed an agreement to acquire 100% of the shares in Action Network, Inc. (“Action”) for 240 mUSD (198 mEUR) on a cash and debt free basis. Founded in 2017 and launched in 2018, Action is uniquely positioned in the US market as the premium sports content and product destination for US sports bettors. A trusted source for sports fans, Action’s media platforms provide an enhanced experience for its users through original sports news content, premium insights, deep menus of odds and proprietary betting tools and data. Action’s diverse revenue model includes a rapidly-growing affiliate marketing business focused on customer acquisition for betting operators in the US as well as subscription products, anchored by Action Pro, Action Labs and Fantasy Labs.

Action continues to benefit from the expanding legal sports betting market in the US. In 2021, Action is expected to achieve revenues approaching 40 mUSD, an increase of over 100% year-on-year, while also generating positive operational earnings in 2021. As more states legalize online sports betting, the potential to further deepen and expand Action’s commercial partnerships with large US-based sportsbooks such as BetMGM, DraftKings, FanDuel and PointsBet   is significant. Action is headquartered in New York, and has approximately 100 employees.

The Transaction

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The purchase price amounts to 240 mUSD (198 mEUR) on a cash and debt free basis and will be settled in a cash payment and a 12 mUSD issuance of new Better Collective (BETCO.ST) shares to Action’s management, key employees and certain other individuals. 10 mUSD of the cash payment will be paid on a deferred basis as settlement of certain existing share options in Action. The number of Better Collective shares issued will be determined by the volume-weighted BETCO.ST share price 5 trading days prior to the date of this announcement. Further, the issued Better Collective shares will be subject to a lock-up of between 6 and 24 months following completion of the transaction.

The cash component of the purchase price will be provided through bank financing.

The acquisition is subject to customary regulatory approvals and is expected to be completed in Q2 2021.

Better Collective in the US 
While the US sports betting market has grown rapidly since the repeal of the Professional and Amateur Sports Protection Act (PASPA) removed a federal ban on online gambling, only 13 states have legalized online gambling at this point. Many more are expected to follow in the coming years, with the addressable market significantly expanding as a result. Total online sports betting revenues in the US are forecasted to reach 4 bnUSD in 2022 and amount to nearly 40 bnUSD in 2033*.

Following the execution of Better Collective’s acquisition strategy and ongoing investments in the US market, Better Collective’s US business has developed successfully, with high growth and a rapid increase in profitability. The acquisition of Action consolidates Better Collective’s leading position in the affiliate and customer delivery verticals within online sports betting, enabled through a number of strong product platforms. In light of this, and given the continued pace of new states regulating, Better Collective expects the US market to continue growing and its US revenues to surpass 100 mUSD by 2022, with positive and increasing operational earnings.

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Action will become an integral part of Better Collective US and will continue to operate as a separate business unit with its current brands, management team, and employees, led by CEO Patrick Keane who will report to Group Management through US CEO, Marc Pedersen. Action will integrate with Better Collective’s current organization where relevant in order to generate efficiencies.

Jesper Søgaard, CEO of Better Collective, says:
“I am thrilled to welcome Action and its employees to Better Collective. This acquisition, which is the largest in Better Collective’s history, gives us a leading position within affiliation in the US and a strong foundation for profiting from the continuous regulation of the US betting market. We add three new, very well positioned US sports media brands to our portfolio and welcome around 100 new colleagues, together representing an invaluable pool of knowledge and expertise on the US sports betting media market. By all accounts, this is a great day for Better Collective.”

Patrick Keane, CEO of Action, says: 
“Today marks a great achievement in the history of Action. In just a few years, our team has managed to build a leading sports betting product and media business in the US market, making us attractive to a leading international player. I am thrilled about this outcome for our employees and investors and we look forward to continuing to forge great relationships with our league, media and sportsbook partners. Under Better Collective’s ownership, we become part of a company with many years of experience and all the resources necessary to further grow our position and develop our offering, to ultimately enhance the betting and entertainment experience for sports fans. We gain new colleagues, career paths and perspectives. I’m looking very much forward to the journey ahead. ”

Financial Targets
Better Collective will consolidate Action into the Better Collective Group from the time of closing. In connection with the acquisition, Better Collective is updating its Financial Targets for 2021:

  • Total group revenue is now expected to exceed 180 mEUR (previously more than 160 mEUR); and
  • Operational profit is now expected to exceed 55 mEUR (previously more than 50 mEUR).

Better Collective will share more details in connection with its Q1 2021 earnings report that will be released on May 12, 2021.

The acquisition of Action will bring Better Collective’s estimated debt leverage (Net Interest Bearing Debt/EBITDA) above the company’s financial target of <3.0. Due to Better Collective’s strong operating cash flow, the Board of Directors has decided that for the time being, it is acceptable for the company’s debt leverage to exceed the financial target of 3.0, which target remains in place for 2021. The Board will therefore decide upon any potential changes to the company’s long term capital structure in due course.

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Advisors
Morgan Stanley acted as sole financial advisor, Bruun & Hjejle and GreenbergTraurig acted as legal advisors, and PwC acted as accounting and tax advisor in connection with the acquisition for Better Collective. Nordea Bank will be providing financing to facilitate the closing of the transaction.

Moelis & Company LLC acted as sole financial advisor and Venable LLP acted as legal advisor to Action. Gibson, Dunn & Crutcher LLP acted as advisors to The Chernin Group, the largest shareholder of Action.

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Affiliate Industry

How to Launch Your Affiliate Program for Any Niche in Just 2 Hours?

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Whether you’re creating an affiliate program from scratch or planning to migrate from another platform, now you can do it in just a few hours with Alanbase. These processes have never been easier and faster!

Why is that? We have ready presets for iGaming, media buying teams, e-commerce, and many other niches for both Web and Mobile. We guarantee complete customization: all metrics, dashboards, and statistics can be 100% tailored to your needs. Below, we’ll explain the phenomenon of the builder because that’s what sets us apart and makes us one of the fastest and most affordable solutions on the market. We’ll also talk about our most interesting features, such as cohort analysis, tech support, statistics, and more. Speaking of statistics: some arbitrage teams use Alanbase as a tracker and say it’s more convenient than commonly used tools. For example, each media buyer has their own dashboard where they see their statistics and takes their links to drive traffic.

Moreover, Alanbase is a platform created by industry professionals in arbitrage and casinos for similar professionals. In other words, the platform was developed by arbitrators like you, and that’s why we’ve taken care of all the details for convenient work.

So, are these details really important or not?

 

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  1. Goal Splitting

There is a problem where many systems cannot separate the customer’s journey into goals and only show the fact of them completing the final target action. In Alanbase, you can see the customer’s journey through various intermediate goals and use it in statistics.

  1. Conversion creation at the moment of the target action, not click

When using some systems and trackers, due to the absence of the concept of “Goal,” different target actions can be one conversion. Thus, Registration and Deposit can be one conversion, which will only change the status depending on what it is. Therefore, it will be impossible to count the number of Registrations and Deposits separately to calculate conversion. But with Alanbase, you will always see up-to-date data on the actual day of the target action in a convenient and readable format.

  1. Working with Different Currencies with Real-Time Conversion

Often, all user actions in a product are carried out in a local currency, and it is necessary to see statistics in the original currency, but payments can be in USD. In Alanbase, we allow you to send all actions in the original currency and make payments in the currency that suits you. Exchange rates are always up-to-date and correspond to the ECB rate.

  1. Setting a time window for when conversions will be paid to the webmaster

Imagine that a user registered and did not perform a paid target action immediately, but only on the 97th day after registration. Is it necessary to pay such a lead to a partner, as it is most likely the achievement of your Email marketing and customer retention department? Alanbase allows you to set a time window for paying conversions.

Many features may not seem essential when starting with any platform. But that’s exactly what you pay attention to later! And we made sure that our users don’t encounter difficulties both at the beginning and over time.

If you don’t believe it, write to our product manager on Telegram, and he will show you all the customization features in action. Or, sign up for a demo call; we’ve specifically allocated a few slots for this.

Your Affiliate Program or SaaS solution?

What’s wrong with developing your affiliate program from scratch? At first glance, the solution seems tempting. In reality, however, dozens of developers, months, or even years of work, and sums in tens of thousands of dollars stand behind your affiliate program. As a result: it’s a quite labor-intensive process that hides many pitfalls and requires experience in the niche. Design mistakes at the start of development can lead to consequences that will only be visible months into development when there is no turning back, and it turns out that time and funds were directed in the wrong direction.

Using SaaS solutions saves not only money and time but is also the most attractive and intuitive way to create your affiliate program and manage affiliate campaigns. The question is, which SaaS company to choose? Every SaaS company calls itself the most stable, intuitive, fast, flexible, scalable, and other epithets until marketers run out of imagination. And here you are, reading reviews, looking for honest feedback, asking colleagues and acquaintances, but all this won’t help until you know it in practice.

In practice, you can encounter the following situations: either the functionality is too complex, and a very good specialist is needed for training, or the opposite situation—there is little functionality and it is insufficient. There are systems that seem to fit all criteria, but when you start working with them, another pitfall emerges: unstable operation.

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Many of our clients switched to us from other platforms, and we ask them, “What was missing from others?” Here are the answers we received:

  • Technical support that always responds and is ready to help promptly.
  • Flexibility and adaptability of the system to the needs of the business.
  • Flexible real-time statistics, considering specialized tools for iGaming.
  • Integration assistance.
  • Speed and responsiveness of the interface.
  • System stability.
  • The ability to influence the functionality that is being implemented in the product.

So, is there an option that can encompass all the advantages of systems and be free from the drawbacks inherent in other systems? Yes, and that’s Alanbase—a universal SaaS solution for building affiliate programs, which, thanks to its adaptability and builder functionality, is suitable for almost any business direction, whether it’s E-commerce, mobile games, or products in the iGaming industry.

Constructor, you say?

 

If you take a closer look at our logo, you can notice the image of a parrot, and it’s not just a coincidence! A parrot is an intelligent bird capable of performing complex tricks, understanding the essence of certain mechanisms, adapting to conditions, having high intelligence, and the ability to learn. Just like us: always trainable and customizable, a constructor that constantly adapts to its clients.

To better understand our customization capabilities, we will provide a few examples that have already been implemented based on our system. Studying them, remember: all events are freely customizable, and you can always add them to the systems for tracking and use them as paid events. All you need to do is be able to inform us of the fact of this event on your S2S postback.

Need a real-time system for gambling? We can track all indicators:

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  • Registration,
  • First Deposit,
  • Repeat deposit,
  • Withdrawal,
  • Bet,
  • Bet Calculation,
  • Casino spin,
  • Spin calculation,
  • Balances activation and wager requirements.
  • Many other arbitrary events are also supported.

Need a solution to track the economy of a product using a subscription model and one-time payments, like an online school? We can easily track all indicators:

  • Registration,
  • Trial activation,
  • First sale,
  • Repeat sale,
  • One-time purchases,
  • Refunds, and many other additional arbitrary events.

A solution for publishers of mobile games? Absolutely! We can track:

  • Registration,
  • Game start,
  • Training completion,
  • Achievement of any level,
  • Activity after 3 days, after 7 days,
  • In-game purchases, and their amounts.
  • Many other additional arbitrary events are supported.

As you can see from the examples above, we can adapt to any niche and provide you with the solution you need. But adaptability to different niches is far from all that makes Alanbase a constructor.

What else?

  • At Alanbase, it is unique and unparalleled. Calculations are based on information sent to us by advertisers and parameters calculated by Alanbase itself. For example:
  • average daily check for a referred user,
  • total payment amount per day,
  • conversion from any target action to almost all available marketing metrics,
  • daily EPC,
  • daily ARPU,
  • CR,
  • average check per acquired user,
  • user lifetime,
  • and much more, limited only by your business requirements.

The ability to output the calculation of any indicators that can be calculated and grouped in any way—that’s us. Metrics in the statistics columns are calculated using arbitrary formulas limited only by your business tasks.

 

Smart Goals.

In Alanbase, you define the events you want to send to the system. Accordingly, you track the user actions on the product that interest you. With Alanbase, you can calculate more complex metrics. To explain with an example: You have an online English language school. Your users register, go through the training course, and either purchase full access or subscribe. There are also opportunities for one-time purchases of various add-ons. For such a school, we can offer tracking absolutely all target actions on the product: registration, completion of each lesson, tracking of each payment, tracking of payment refunds, the number of users who made 5, 10, 15, etc., payments during the entire lifecycle, and much more. You provide us with all the information on all system users, and we calculate on our side both basic metrics (1st lesson) and more complex ones, such as the number of users who made purchases totaling more than 100 USD.

 

Payments.

We have no pre-installed methods for any payment systems for partners to request payouts. You will work with the payment methods practiced in your company and will have no restrictions. What other advantages does Alanbase offer? Above, we delved a bit into statistics and explained the phenomenon of the constructor. Let’s look at the features of Alanbase functionality and discuss what sets us apart.

Cohort Analysis:

 

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Few have it ready-made. Yet, it is an exceptionally useful feature that allows you to assess the activity of users attracted to your products by your partners. It helps evaluate their profitability and allows adjustments to the economic model of interaction with your partners. It is as customizable as our statistics. By using the same logic, you can define arbitrary formulas based on parameters calculated by Alanbase and those sent by advertisers. For example, you can track activity based on any arbitrary indicators such as payment amount, quantity, conversion from one payment to another, hitting certain KPIs, etc., grouped by weeks. This allows you to see how each cohort of product users manifests activity every week.

Role Management:

Our role system allows flexible management of employee access. We don’t just limit access to sections of the system; we differentiate rights for specific actions. For example, you can create roles for a technical integrator who won’t have access to statistics or for a finance employee who will only deal with payouts. The role management system also allows managers to have access only to their assigned partners. Managers will see statistics, working conditions, and data directly for the partners they are assigned to, rather than all registered in the system.

Technical Support:

Yes, we are confident that a separate paragraph is needed here. After all, what could be easier than diving into a partner program specifically tailored for you and navigating freely? However, despite our interface being straightforward for our clients and having reference materials available, any system will have peculiarities that may not be immediately clear, requiring assistance in such cases. Our support responds quickly within a day, helping not only with the system’s functionality but also with solving complex partner cases. Our support specialists assist with onboarding and training staff to work with the system, help with integration model and initial setup, understand your traffic flow, advise on the best use of the platform, assist with integrating trackers and applications into Alanbase, as well as third-party solutions like AppsFlyer, work on and assist with migration from the current service to Alanbase, and help configure statistics and the system to meet your needs and business requirements.

Here are just a few questions our support specialists help with:

  • Onboarding and training staff to work with the system
  • Assisting with the integration model and initial setup, considering the specifics of your business
  • Understanding your traffic flow and advising on how best to use the platform
  • Assisting with the integration of trackers and applications into Alanbase, as well as third-party solutions like AppsFlyer
  • Working on and assisting with migration from the current service to Alanbase
  • Helping configure statistics and the system to meet your needs and business requirements

In Alanbase, Support is our clients’ friend!

Non-stop Optimization:

We are constantly improving and refining both the server and client parts of our service. Work is ongoing to improve the speed and stability of services. Continuous efforts are made to improve the intuitiveness of client dashboards by studying the use cases of our current clients. Only modern management and development methodologies, the fastest technologies, and solutions are used in our service. For example, we recently increased the RPS of the redirector by optimizing the code. This increased the link redirection speed tenfold and increased our throughput.

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We also develop according to client requests: collecting feedback on existing functionality and new features that need to be developed to meet their needs. Some of the latest improvements include implementing invoice auto-generation for potential clients and an anti-fraud system for another active client.

Who is already with us?

The 4rabet team – is a large company operating in the iGaming market in India. The team needed to migrate from a custom system using third-party services to a new platform that would provide unified accumulation of all data without using external services and allow quick configuration of player qualifications for payment. Alanbase was proposed for the team.

The product underwent a one-time integration, and currently, only the internal Alanbase tool called “Smart Goals” is used to create dynamic working conditions with partners (Min. deposits, Baselines, User activity), without requiring intervention from the product. In addition to the standard referral link for user acquisition, Promo Codes were connected, actively used by partners to attract traffic, and, most importantly, actions of users registered via promo codes can also be seen within the statistics and reported to external systems for advertising campaign optimization.

Inside Alanbase, the unique functionality of building customizable statistics and customizable cohort analysis, unparalleled in the market, is actively used. This functionality allows calculating all required product indicators (e.g., Average Check, ROI).

SeriousPartners is a well-known program operating in the mobile subscription sphere. The team needed a platform to launch a second affiliate program in the iGaming industry, with an easy-to-use interface and event tracking categorization, providing the ability to request partner payouts to various payment systems. Several SaaS solutions were considered, and the choice was made in favor of Alanbase.

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  • The service was provided to the team;
  • assistance was given in client setup;
  • the integration model with problematic advertisers was worked out;
  • a series of operational system improvements were made upon the client’s request;
  • operational support is provided at all stages of operation.

The AffGods team – is one of the most experienced and large teams in influencer traffic in the affiliate market. The owner of the arbitrage team, Bogdan, approached us with a request to customize the solution for their goals and tasks. The team needed to find a replacement for the Keitaro tracker, as working with the tracker was accompanied by inconveniences: buyers did not have separate links, statistics were consolidated in one account, and all statistics were strictly divided by sub_id tags. Keitaro also lacked goal separation; for example, Registration and First Deposit were considered a single conversion. We helped integrate all offers the team works with. Essentially, we set up a system where we receive all available information from the advertiser, and the team sees all statistics exactly as on the product. This allows analyzing traffic quality independently, without waiting for uploads from the advertiser. Each media buyer also got their own personal dashboard where they could see their statistics and independently take links to drive traffic. At the client’s request, functionality was added to allow media buyers to have multiple administrative roles. In the future, expense input will be implemented, allowing for daily ROI calculations.

How to get started?

Right now, you can view the platform demo and test it for free for 14 days. You can also ask questions to our product to understand how Alanbase will work in your case. We support clients at all stages, from application to deployment, and provide support throughout the entire period of working with us. After the initial introduction and the decision to start cooperation, we quickly set up a separate client for you. If necessary, we work out the integration model and provide recommendations on which events to track and what we can see in the statistics. If you are already working on a solution and considering moving to Alanbase, we can transfer and import all your current data into the system – partner base, statistics, offers, deals, and much more. Next, we conduct onboarding and train your employees to use the system, help with mastering it, and answer all questions.

 

How to Launch Your Affiliate Program for Any Niche in Just 2 Hours?

 

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Affiliate Industry

StatsDrone data reveals MyAffiliates as the most used affiliate marketing software by the iGaming industry

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New research from StatsDrone – the affiliate programme stats tracker –  today, Thursday 11 April, unveils MyAffiliates as the most used affiliate marketing software in the gaming industry.

The research was conducted this month – April 2024 – on a sample of 1,100 affiliate programs with the latest StatsDrone data revealing that MyAffiliates is used by almost 16% of gaming operators, followed by Affilka (11.8%), Income Access (10.5%) and NetRefer (7.8%).

MyAffiliates is an established affiliate marketing software platform, empowering iGaming operators to combine all of their gaming brands and products under one umbrella affiliate system. It has been in operation since 2007.

The findings of the latest research, affirms MyAffiliates’ position as the preferred choice among gaming operators and, with nearly 16% of operators utilizing its software, has today cemented its position as a market leader.

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Furthermore, with 17% of gaming operators still relying on proprietary software, the potential for solutions such as MyAffiliates is significant. As a ready-built solution, MyAffiliates seeks to further expand their market share and empower more operators to optimize their affiliate marketing strategies.

John Wright, CEO of StatsDrone, expressed his insights regarding MyAffiliates’ dominance in the iGaming industry, stating, “We know that MyAffiliates has an advanced platform for operators and is one of the reasons we know that MyAffiliates has become the most popular affiliate platform in iGaming. We hear from affiliates it is one of their preferred platforms to work with so, for us, it isn’t much of a surprise to see why operators choose MyAffiliates. In the last 6 months, we’ve noticed more MyAffiliates brands being requested on our platform, and I can’t see why that trend won’t continue.

Clemence Dujardin, MyAffiliates Group CEO comments: “Considering this significant milestone, we at MyAffiliates extend our heartfelt gratitude to our clients and partners for their unwavering trust and support. This achievement underscores not only the effectiveness of the MyAffiliates platform but also the dedication of our team to continually innovate and provide unparalleled service to our users.” She added, “As the leading affiliate marketing software in the iGaming industry, MyAffiliates remains committed to delivering cutting-edge solutions that empower gaming operators to maximize their affiliate programs’ performance and ROI.

The post StatsDrone data reveals MyAffiliates as the most used affiliate marketing software by the iGaming industry appeared first on European Gaming Industry News.

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Affiliate Industry

Affilka by SOFTSWISS Announces Partnership with 10bet

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Affilka by SOFTSWISS, a leading provider of affiliate tracking software for the iGaming industry, announces a new collaboration with 10bet, a prominent player in the iGaming realm. 

10bet operates in diverse markets, including Europe, LatAm, and Africa. Offering both casino and sportsbook solutions, 10bet brings over 20 years of global experience and expertise to the table.

This partnership marks a significant milestone for both companies as they join forces to enhance affiliate marketing strategies and expand their market reach. 10bet has already launched seven brands through the collaboration with Affilka by SOFTSWISS. Five of these brands were successfully migrated, while two were created from scratch, with another one to follow shortly.

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Notably, 10bet made a strategic decision to transition from third-party software to leverage the advanced features and tailored solutions offered by Affilka by SOFTSWISS. Thanks to a designated Project Manager in the 10bet team, the integration process was smooth and seamless. Allocating a single point of contact is crucial to ensure effective migration and ongoing success.

“We are delighted to partner with Affilka by SOFTSWISS,” says Yotam Peretz, VP of Acquisition at 10bet. “The platform provides us flexibility, reliability, and personalised support. That’s exactly what we need to optimise our affiliate programs and drive growth in our target markets. I’m sure this collaboration marks the beginning of an exciting and successful journey.”

Angelika Antonova, Head of Sales at Affilka by SOFTSWISS, comments on the recent partnership: “This migration serves as further validation of Affilka’s superiority over existing solutions in the market, highlighting its distinct advantages. We are happy to welcome 10bet to the Affilka family. This partnership signifies our shared vision for excellence in affiliate marketing. We look forward to collaborating with the 10bet team to deliver outstanding results and unlock new opportunities in the dynamic iGaming landscape.”

Affilka by SOFTSWISS is ready to present valuable industry insights and unveil the upcoming reporting system updates at the SiGMA Americas Summit in San Paulo on 23–25 April. Clients and potential partners can book a meeting with the Affilka team at stand i70 on the SOFTSWISS events page.

 

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About SOFTSWISS 

SOFTSWISS is an international tech company supplying software solutions for managing iGaming projects. The expert team, which counts over 2,000 employees, is based in Malta, Poland, and Georgia. SOFTSWISS holds a number of gaming licences and provides one-stop-shop iGaming software solutions. The company has a vast product portfolio, including the Online Casino Platform, the Game Aggregator with thousands of casino games, the Affilka affiliate platform, the Sportsbook Platform and the Jackpot Aggregator. In 2013, SOFTSWISS was the first in the world to introduce a Bitcoin-optimised online casino solution.

The post Affilka by SOFTSWISS Announces Partnership with 10bet appeared first on European Gaming Industry News.

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