International News
Tecnalis lands virtual sports deal with GoldenRace

Tecnalis finishes integrating the supplier GoldenRace into their platform, increasing what they can offer to Spanish and Latin American operators.
Alira, the platform created by Tecnalis, expands its content catalog by offering a brand new vertical, virtual sports. Tecnalis continues to consolidate its position as the leading gaming management platform in the Spanish-speaking market and this collaboration will give GoldenRace the visibility it deserves in countries such as Colombia, Peru, Paraguay, as well as in Spain.
The GoldenRace brand offers players a variety of sports and virtual games. With highly realistic 3D graphic design, this supplier has cutting-edge technical resources that offer horse racing, virtual soccer games and harness racing, amongst others. Virtual sports are growing every year, gaining millions of followers from all over the world and this opportunity gives GoldenRace their chance to triumph in Spain and South America, thanks to Tecnalis.
Alejandro Serrano Zaera, COO of Tecnalis has shown his optimism with this new collaboration: âThis partnership with GoldenRace is a big step forward for Tecnalis. Offering virtual sports is something we consider vital for the future and this integration allows our clients to enjoy the best supplier of virtual sports in the industry. This project is very intriguing for both companies and we are sure that it will bring a lot of value to all of our partners in Spain and Latin America, and furthermore, it will increase Tecnalis’ leadership in all Spanish-speaking markets.â
Martin Wachter, CEO & Founder of GoldenRace, celebrated the sign of the deal:
âIt is great to have this deal with Tecnalis and be able to offer our product to a new group of players in Latin America, where we are market leader with our virtual football, and Spain, where we have strongly entered the market at the beginning of the present year and we are more than happy to keep growing. We are very thankful with Tecnalis and I am sure we will achieve amazing things thanks to this partnership.â
About Tecnalis
Tecnalis is a software company that offers the best online gaming management platform of its kind: Alira. Since 2005, the company has become a leader in the Spanish online gaming market and has established itself as the first option in Latin America. Alira brings independence, security, and trust to all its gaming operators. Thanks to the experience of technical team at Tecnalis and the continuous improvements in the software, they are always prioritizing the needs of their partners. Alira has marketing, finance, and player management features, amongst many others and they have also integrated more than 80 game providers, payment gateways and third-party services.
About GoldenRace
Golden Race is a leading developer and provider of award-winning virtual sports and betting solutions. Being the global leader in virtual football league play and pre-recorded video sports, the company generates more than 15 million tickets per day through major partners around the world. Golden Raceâs games have been licensed and certified in the most demanding jurisdictions and are currently available in over 50,000 shops and more than 400 websites. In 2019, Golden Race was recognised as best virtual sports provider in Central & Eastern Europe, Southern Europe and the Baltics by the CEEG Awards, the SEG awards and the BSG awards respectively. The company also received two SBC Awards in the same year. Founded in Malta in 2006, Golden Race has now more than 300 employees, owning several major brands in the industry, including Spinmatic in the area of Slot development and the live games provider HollywoodTV.
For more info please visit www.goldenrace.com
International News
Bragg Gaming Group Reports 7.1% First Quarter 2025 Revenue Rise to EUR 25.5 Million (USD 28.6 Million); 27% Revenue Growth Achieved Excluding the Netherlands

Triple-digit revenue growth in the U.S.; significant increase in profitability through improved product mix
- 27%1Â Revenue Growth Excluding the Netherlands, Driven by U.S. Revenue Growth of 150%
- Gross Profit Margin Jumps to 56.0%, Driven by Proprietary Content Growth
- Adjusted EBITDA Rises 19.7%, Reflecting Strong Operational Leverage
- Robust 63.5% YoY Growth in Cash from Operations, to EUR 4.5 Million (USD 5.0 Million)
- 62% YoY Proprietary Content Revenue Growth, Reaching a Record 15.5% of Total Revenue
Bragg Gaming Group announced its financial results for the first quarter of 2025. The Company delivered diversified revenue growth, significant margin expansion, and strong cash generation, driven by its strategic focus on proprietary content and expansion in key growth markets.
Summary of Financial and Operational Highlights
Euros (millions)(1) | 1Q25 | 1Q24 | Change |
Revenue | ⏠25.5 | ⏠23.8 | 7.1 % |
Gross profit | ⏠14.3 | ⏠11.9 | 20.3 % |
Gross profit margin | 56.0 % | 49.9 % | 612 bps |
Adjusted EBITDA(2) | ⏠4.1 | ⏠3.4 | 19.7 % |
Adjusted EBITDA margin | 16.0 % | 14.3 % | 169 bps |
Operating Income (Loss) | ⏠(1.7) | ⏠(1.3) | 32.5 % |
(1)Â Braggâs reporting currency is Euros. The exchange rate provided is EUR 1.00 = USD 1.12. Due to fluctuating currency exchange rates, this reference rate is provided for convenience only.
(2)Â âAdjusted EBITDAâ is a non-IFRS measure. For important information on the Companyâs non-IFRS measures, see âNon-IFRS Financial Measuresâ below.
âWe are thrilled to be reporting a strong start to 2025, showing that we are executing on our strategy and moving the metrics that we believe are most important to shareholder value,â MatevĆŸ Mazij, CEO of Bragg commented: âDuring the quarter we continued to improve our product mix, generating a greater proportion of revenue from high-margin proprietary content. In turn, this contributed to a higher Adjusted EBITDA margin, which combined with careful cost controls demonstrate operational leverage and increased cash generation.
âAs is widely reported, the Netherlands market has slowed in recent quarters due to regulatory pressures, a challenge faced by Bragg as with all operators and suppliers who serve this regulated market. Iâm pleased that Bragg has shown resilience under these pressures and is reducing its exposure to the Netherlands while seeing strong growth in markets such as the United States and Brazil. Excluding the Netherlands, revenue growth year-over-year came in at a robust 27%1, driven in part by triple-digit growth in the U.S.â
127% YoY revenue growth excluding revenue derived from Braggâs customers licensed and operating in the Netherlands jurisdiction
Key Highlights:
- Improved Margins and Cash generation:Â Adjusted EBITDA margins increased 169bps year over year; excluding non-recurring exceptional costs and FX impacts, EUR 0.9 million of free cash generated.
- Improved Revenue Diversification:Â Continued decreasing reliance on the Netherlands and lower-margin BetCity, replaced by growth in margin-accretive revenue in new markets.
- US Market Growth:Â Bragg experienced triple-digit growth in U.S. revenue derived from its proprietary and exclusive online casino content, significantly outpacing the overall market growth; U.S. expected to contribute up to 15% of revenue this year.
- Brazil Launch:Â Successfully launched content in the newly regulated Brazilian iGaming market, a key strategic territory expected to contribute up to 10% of revenue this year.
- Strategic Partnerships:Â Announced a games development and remote games server technology leasing agreement with Caesars Digital, and invested in RapidPlay, a specialist Brazilian casino content studio.
- Key milestone: first game launched, Caesars Palace Signature Multihand Blackjack Surrender, under recently announced games development and technology partnership with Caesars Digital.
- Leadership Appointments:Â Appointed Holly Gagnon as Chair of the Board.
- Debt Reduction:Â Repaid USD 5 million of its secured credit note and is on track to finalize a new credit facility with improved terms.
2025 Outlook
Bragg remains focused on expanding its presence in regulated markets, enhancing its proprietary and exclusive content offerings, and leveraging its technology to drive continued growth and profitability in 2025 and beyond. The Company is actively advancing a robust pipeline of opportunities to drive strong momentum in the business.
The Company anticipates double-digit growth in Revenue and Adjusted EBITDA in the full year of 2025, with revenue guidance projected at between EUR 117.5 million and EUR 123.0 million, and Adjusted EBITDA in the range of between EUR 19.0 million and EUR 21.5 million, driven by a strategic focus on proprietary and exclusive content, and continued momentum in growth markets such as the U.S. and Latam.
International News
Quick Custom Intelligence (QCI) Expands Global Footprint to 17 Countries, pursues Business Development in 10 More

Quick Custom Intelligence (QCI) continues its rapid expansion, now operating in 17 countries while actively developing business opportunities in 10 additional markets. This growth, combined with QCIâs presence across 30 U.S. states and 90 tribal nations, cements the companyâs position as a global leader in casino and resort intelligence.
âOur expansion into 17 countries is a testament to the universal value of our solutions,â said Andrew Cardno, CTO and Co-Founder of QCI. âWe are seeing a clear validation of our business model across diverse markets, proving that our technology can adapt to regional needs while maintaining its core strength in data-driven decision-making. As we continue to grow, our focus remains on delivering unparalleled analytics that drive operational excellence.â
A key factor in QCIâs success has been the introduction of generative cognitive offloading, allowing operators to streamline complex decision-making by leveraging real-time data intelligence without the burden of manual query building. The Chatalyticsâą graph and query builders have been particularly well received, providing a revolutionary way for operators to interact with their data using natural language and intuitive visualizations. This next-generation tooling ensures that decision-makers can effortlessly explore insights, refine queries, and drive actions with unprecedented speed and accuracy.
QCIâs expansion is bolstered by its strong partnerships, including Modulus, a leading international technology firm.
âThis level of global adoption underscores the effectiveness of QCIâs platform in optimizing gaming and hospitality operations,â said Marc Attal, COO of Modulus. âWe are excited to see QCIâs solutions enhancing data activation, operational efficiency, and customer engagement across multiple continents. The ability to offload complex analytical tasks onto generative cognitive models, coupled with Chatalyticsâ intuitive graph and query builders, is transforming how operators interact with their data.â
With an increasing presence across North America, Europe, Asia, and beyond, QCI is at the forefront of innovation, empowering gaming and resort operators with generative cognitive offloading, intuitive query-building tools, and real-time data activation.
Conferences
SOFTSWISS Invites Partners to âGrab Successâ Together at SiGMA Europe

SOFTSWISS, an international tech company with over 15 years of experience in iGaming, announces its participation in the SiGMA Europe Summit 2024.Â
SiGMA Europe Summit will be held in Malta at the Malta Maritime Hub from 12 to 14 November. With 1,000 exhibitors, the event will host 27,000 delegates from the iGaming industry and beyond.
Creative Concept
After a resounding celebration of its Grand Anniversary in Portugal, SOFTSWISS is returning to Malta with the award-winning concept, âGrab Success in iGamingâ. The campaignâs slogan fully reflects the industry’s rapidly evolving character. SOFTSWISS incorporated the Maltese crab, inspired by the regionâs natural beauty, as a striking visual element in its marketing campaign. This creative approach was recognised and rewarded at the prestigious EGR Marketing and Innovation Awards 2024.Â
InnovationsÂ
During the SiGMA Europe Summit, SOFTSWISS will showcase three new innovative solutions alongside its other well-established products. Recently launched products include the Lotto Software, the Retail Betting Solution, and the Horse Racing Module. Additionally, Affilka by SOFTSWISSâ team will reveal a new feature for its affiliate software â Geo-Distributed Redirect Application.Â
Vitali Matsukevich, Chief Operating Officer at SOFTSWISS, shares: âWorking at the heart of the industry, in Malta, for many years, SOFTSWISS see the SiGMA Europe Summit growing and constantly bringing together industry leaders, experts, and prominent players in the market. SOFTSWISS looks forward to meeting its partners and friends at the last big event of the year to finalise current projects and prepare a basis for next year’s collaborationsâ.
Public SpeakingÂ
During the SiGMA Europe Summit, SOFTSWISS experts will also share their profound professional experience. Vitali Matsukevich will shed light on the important theme âHow to choose a secure and safe crypto casinoâ for those who want to learn more about selecting a trustworthy crypto casino by focusing on licensing, security, and spotting red flags.
Partners and potential clients can book a meeting with the SOFTSWISS team at the companyâs stand 2145 via the link to discuss mutual projects and the newest iGaming trends.
About SOFTSWISS
SOFTSWISS is an international technology company with over 15 years of experience in developing innovative solutions for the iGaming industry. SOFTSWISS holds a number of gaming licences and provides comprehensive software for managing iGaming projects. The companyâs product portfolio includes the Online Casino Platform, the Game Aggregator with over 23,500 casino games, the Affilka Affiliate Platform, the Sportsbook software and the Jackpot Aggregator. In 2013, SOFTSWISS revolutionised the industry by introducing the world’s first Bitcoin-optimised online casino solution. The expert team, based in Malta, Poland, and Georgia, counts over 2,000 employees.
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