betsoft

betsoft_gaming_says_mr_vegas_is_back Betsoft Gaming’s legendary grandiose open-shirt Las Vegas plunger is back with a beautiful woman on each arm in Mr. Vegas 2: Big Money Tower. The new game is live now and was released nearly 11 years after the enduring inaugural release of Mr. Vegas on May 17, 2012.

One big difference between this game and the earliest version is that the progressive jackpot has been removed. In exchange, the default return to player percentage (RTP) has been increased from 93.60% to a much better 96.06%. The volatility has also been ratcheted up significantly from medium to very high.

Keep reading to learn more about other improvements and changes as well as a way to determine the highest-paying awards when you trigger the bonus round and pick a card for one of three possible free spins enhancements.

Multiple Licenses, Games Available in USA

Betsoft is one of the most prolific suppliers of online casino games out there but the company is not without some controversy in its past. The official company website currently claims RNG (random number generator) certification by leading testing houses and audit labs QUINEL and GLI as well as license seals from the Malta Gaming Authority, Romania’s ONJN, and Italy’s Customs and Monopolies Agency (ADM).

Controversies include the developer claiming an unwritten term when a progressive jackpot was won (GlamLife 2016), a sudden abandonment of its previous license in another jurisdiction with no transparency as to the reason why (Alderney 2014), a lack of easily found public records of anyone actually collecting one of its progressive jackpots, and finally, a glitchy keno game giving non-random results (2010).

The company’s QUINEL certificate is only for the RNG as tested without any games plugged in. The company displays the GLI seal with a link to a generic page rather than to the actual certification document as required by Gambling Labs International.

Sixty Paylines, 5×4 Reels, Buy Bonus, Free Spins, Big Money Tower, More

Whereas the original Mr. Vegas was a 5-reel game with 3 positions each the new game adds one more visible reel position and doubles the paylines to 60. The bet levels are still “Betsoft strange” ranging from $0.30 to $150 per spin at intervals of $1.50, $3, $9, $18, $24, $39, $54, $75, and $105.

The max win is 2601X your bet with every spin and the Big Money Tower can award 1,000x your total stake if you make it to the top of the right one.

High Hit Frequency

Another big difference players will find with this game is a much higher “hit frequency”. The first version may have “felt” more like a highly volatile game than it really was because it produced a win only 8.25 times in every 100 spins on average for a hit rate of 8.25%. Roughly one in every 12 spins produced a win of some sort, whether it returned the value of your bet, less or more, is not accounted for in that aspect of the maths.

The hit rate for Mr. Vegas 2: Big Money Tower is 18.22% so nearly one in every five spins (5.48) will return something. Since this game is more volatile by amplitude (Very high vs medium) and the hit frequency is more than doubled, we can jump to a weak assumption that the base game returns are each smaller on average and the greater volatility resides in the bonus mechanics.

It’s really a quite brilliant re-engineering of a time-honored favorite. The game should feel brand new while still warming the cockles of Mr. Vegas fans.

Look for Stacked Mystery Symbols on all five reels – they can turn into anything but scatters or bonus symbols, even wild symbols before the spin.

Three scatters appear on reels two, three, and four will bring up two face-down playing cards. Choose one to get one of three bonus mechanics.

Sticky Wilds offer 10 Free Spins and the wild symbols stay in place throughout the round when they are part of a win.
Expanding Wilds and 12 Free Spins cover the reel and stay in place for a re-spin. Landing another wild adds another respin.
Random Wilds come with 15 Free Spins and two to six Wilds will appear in each free game.

Buy Bonus

While you can’t choose which bonus you will get when you trigger the bonus with random scatter symbols, you can buy the bonus you want to play!

When betting $0.30 per spin you can the following bonuses:

10 free spins with sticky wilds will cost $23.40
15 free spins with random wilds will cost $31.20
12 free spins with expanding wilds can be bought for 36.90

Big Money Tower

There are three Big Money Towers and landing the proper symbols on reels one, three, and five will take you to one at random. The towers are Bronze, Silver, and Gold. Flip a coin to move one rung up the ladder or collect your winnings up to that point. You will always win something and you won’t need to risk what you’ve already won in order to progress. Just flip a coin and build your fortune until you collect your winnings.

If you reach the top rung of the Golden Tower you will win 1,000x your stake for the triggering spin.

You can learn more about Betsoft Gaming software and games here.

Source: Betsoft Gaming Delivers The Ultimate V.I.P. Gaming Experience in Mr. Vegas 2: Big Money Tower, Betsoft Gaming, March 30, 2023

The post Betsoft Gaming says Mr. Vegas is Back! appeared first on Casino News Daily.

betsoft_deepens_spanish_ties_with_casino777_codere_ngr_up_48pct Betsoft, known the world over for its 3D slots hosted by endearing characters, has strengthened in presence in Spain with top-tier operator Casino777.es while Madrid (Alcobendas) based Codere Online is reporting Q4 and full-year results for 2022 were “better than expected” as negative cash flow continues to throttle its bottom line.

Betsoft, launched in 2008 presents an ever-expanding global footprint as it continues service in some unregulated markets such as the U.S. The company successfully completed two ISMS audits in 2020 – opening the door to operate in Spain as well as in the Latin American country of Colombia.

Solidifying Existing Spanish Footprint

In the last couple of years, it has inked deals with well-known and lesser-known Spanish operators including Paf, Tonybet, Retabet, and Versus. Its most recent distribution deal is with the tier-one operator, Casino777.es.

Casino777.es is owned and operated by Digital Distribution Management Ibérica, and licensed by the DGOJ (Dirección General de Ordenación de Juego) since its launch in 2015. Some of the operator’s claims to fame include top-notch customer service, an efficient payment system, a progressive games portfolio, and ongoing promotions.

In addition to a casino component including live dealer games, the site also offers full-service sports betting.

While Betsoft has successfully integrated its games around the world, it’s gone a step further to better serve the Spanish market by translating some of its most popular games into Spanish. Take the Kingdom, Return to Paris, and Thai Blossoms are among the translated titles.

“The Spanish iGaming market is significant for us and one we take very seriously,” said Betsoft Gaming head of account management Anastasia Bauer. “We are delighted to be partnering with Casino777.es as they are a key operator in the country. We are looking forward to a successful relationship.”

Casino777.es manager for Spain, César Paredes García added: “We are very much an experiential operator. Delivering first-class entertainment is our core skill and so working with providers of Betsoft’s caliber is essential for us going forward. We anticipate a very positive future relationship.”

In other Spanish online gambling news…

Codere Online Revenue Up, Still Bleeding Cash

Luxembourg-owned and Madrid-headquartered Codere Online has reported “better than expected” fourth-quarter results with the entire year of 2022 bringing in net gaming revenue of €122.9m – 48% more than the prior year. Unfortunately, the Grupo Codere subsidiary experienced a negative cash flow of €46.m.

Outgoing CEO of the online Spanish-language operator, Moshe Edree commented: “We are reporting better than expected Q4 and full year 2022 performance. This success is a testament to our team’s dedication and focus on delivering an unparalleled online gaming experience for our customers.”

Edree handed the reigns of the online division to COO, Aviv Sher on March 1 but will stay on as executive vice-chairman of the board.

Edree focused on net gaming revenue when he said the “effectiveness of our growth strategy and our ability to successfully deploy marketing spend” across all of the company’s Spanish-speaking markets were responsible for the successful NGR numbers.

“We are pleased to have exceeded our 2022 net gaming revenue outlook of €115m to €120m and follow through on our commitment to investors,” added CFO Oscar Iglesias.

The company is in a constant state of improvement as it repositions itself for the present and the future. One such change just before the new year saw the company offload its Italian division.

Spain and Mexico Growth Markets

The company saw a 70% increase in NGR in the final quarter of the year with customers in Spain and Mexico contributing solidly. The increased revenue may be tied directly to marketing expenditures which more than doubled over 2021 numbers at €31.2m for 2022 – directly affecting both ends of the books.

While the subsidiary did see a net loss of €45.9m for the year, it was a major improvement over the prior year when it booked a loss of €68.0m in 2021.

The company projects a continued narrowing of losses estimated to be no more than -€30m for 2023 with net revenue of no less than €140m.

Codere Online will establish an important presence in Argentina in the coming year with a planned launch in Córdoba as it continues its pursuit of licenses in Mendoza and Buenos Aires.

“We continue to be very excited about the future and the opportunities that lie ahead, particularly in Argentina, where we are making significant progress towards starting operations in several new regions this year,” Iglesias said. “We are confident in our ability to execute on our plans and continue delivering sustainable growth for our shareholders.”

Source: Betsoft Gaming secures another Spanish Tier 1 operator with Casino777.es partnership, Betsoft News, February 28, 2023 – iGaming Business

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Betsoft Gaming says Mr. Vegas is Back!