NSoft Q1 Growth Driven By Increased Sports Betting Turnover

NSoft has overcome coronavirus headwinds to reach its commercial goals for the first quarter of 2021, with solid development in its sports betting products in particular.

NSoft announced a 75 percent rise in overall turnover as compared to the same time span in 2020, citing its Live Sports Betting solution as the “highest performing product.”

The operator said that it had ‘raised the sportsbook platform to a new level on all platforms’ by adding new features and maintaining the cash out feature.

In addition, total sportsbook traffic doubled from Q1 2020 to Q1 2021, while overall market turnover increased by 13 percent, with online operations the by 59 percent.

Dražan Planinić, Chief Operating Officer at NSoft said: “The teamwork and commitment of all of us are showing their strength. We have always been known for a strong sense of community within the company and strong ties to the customers. 

“We see them as our long-term partners with whom we thrive together. In the long run, our primary focus is a further development of the betting game portfolio and new features of the existing betting solutions, entering new markets, and quality over quantity.”

Extending in to new markets

In the absence of trade shows and restricted travel choices, NSoft has extended its market reach into four new markets as a result of gaining new clients in the Central African Republic, Dominican Republic, France, and Turkey.

NSoft has credited its positive start to the year to the popularity of its casino, lottery, and slot goods, in addition to growth in its sportsbook division.

This has been fueled by the company’s virtual Lightning Lucky Six and Lightning Roulette casino offerings, as well as its NSoftSlots and AI-enhanced video management system NSoftVision, which are used by clients for business analytics and surveillance.

Finally, the company has created a complete lottery solution based on Betradar’s Unified Odds Feed, which covers 6,500 activities every week in 30 countries to “satisfy players who like to bet on real lottery draws worldwide.”

However, the company admitted that the COVID-19 pandemic had hampered its activities, citing travel and transportation restrictions as well as the closing of retail locations as examples.

Despite these setbacks, NSoft was able to deliver terminals to a variety of countries, including Poland, Croatia, Belgium, Germany, Romania, Serbia and Montenegro, and its betting terminal operations were boosted by the completion of the acquisition of manufacturer STARK Solutions into its portfolio.

Global direction

“Even after the first quarter, we can recognise the global direction results we are aiming for,” Planini said at the end of the Q1 update. ” We” are investing in cooperations with other platform providers such as Playtech, iSoftBet, EveryMatrix, Blue Ocean Gaming, Oryx and many others.

“The business growth and the team morale keep us going. We are finishing a new round of the onboard process for our new 20 colleagues with 13 more to join our team in the following days. New people always bring new ideas and energy, so we are looking forward to an exciting summer with Euro 2020.”