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Peter DeRaedt Steps Down: A New Era for IGSA Begins

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The gaming world is witnessing the end of an era with the departure of Peter DeRaedt from the International Gaming Standards Association (IGSA).

DeRaedt’s 25-year journey at the helm of IGSA has been marked by groundbreaking advancements and unification within the gaming industry.

Imagine a gaming industry guided by a vision of cohesion and innovation, a legacy that DeRaedt has crafted over decades.

Let’s delve into the monumental impact of DeRaedt’s tenure and the dawn of a new chapter for IGSA under the guidance of Mark Pace.

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The International Gaming Standards Association (IGSA) has recently announced a significant shift in its leadership landscape. The long-serving President, Peter DeRaedt, will conclude his remarkable 25-year tenure with the organization, effective December 31, 2023. DeRaedt’s departure not only marks the end of an epoch but also highlights a career dedicated to unifying and innovating the gaming business.

IGSA’s Board has extended its profound gratitude to DeRaedt for his unwavering dedication and exceptional service. Since the inception of the association in 1998, Peter W. DeRaedt has been a staunch advocate for global gaming standards. Initially serving as the inaugural Chairman of the Board of Directors from May 1998 to October 2002, he later transitioned to the role of President, demonstrating visionary leadership throughout his tenure.

In recognition of his invaluable contributions, the Board has bestowed upon him the honorary title of “President Emeritus” for life, a testament to his indelible impact on the industry. In a gesture of continuing influence, DeRaedt has graciously agreed to offer advisory support to IGSA for the next two years.

Under DeRaedt’s astute leadership, IGSA has flourished into a neutral, authoritative advocate in the gaming industry. Numerous globally adopted standards have been developed during his presidency, significantly transforming the landscape of many gaming companies.

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In line with IGSA’s commitment to seamless transition and continuity, Mark Pace, the current Vice President of IGSA, will assume the role of acting President. Bringing over 20 years of experience within IGSA, Pace’s repertoire includes roles such as Committee Chair, Treasurer, Vice Chairman of the Board, and Founder and Managing Director of GSA Europe.

Earle G. Hall, Chairman of IGSA, reflected on DeRaedt’s legacy, stating, “Peter DeRaedt’s legacy is profound, having navigated IGSA through myriad challenges and opportunities. His forward-thinking and leadership have been instrumental in sculpting an industry that is dynamic and continuously evolving. He leaves behind a robust and well-respected organization, primed for sustained success and innovation.”

The Board is committed to a thorough vetting process for the appointment of the new President. This decision will be formally announced at the first Board meeting of 2024, reflecting IGSA’s dedication to transparency and careful consideration in leadership transitions.

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Jerome, a valuable addition to the Gamingo.News team, brings with him extensive journalistic experience in the iGaming sector. His interest in the industry was sparked during his college years when he participated in local poker tournaments, eventually leading to his exposure to the burgeoning world of online poker and casino rooms. Jerome now utilizes his accumulated knowledge to fuel his passion for journalism, providing the team with the latest online scoops.

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Daily News

SOFTSWISS Jackpot Aggregator Sees 2.6x Surge in Bets: 2023 Report

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In a dynamic year for the iGaming industry, the SOFTSWISS Jackpot Aggregator has released its 2023 report, offering insights into significant trends and achievements.

Notably, the report reveals a staggering 2.6 times increase in bets participating in jackpots, shedding light on the growing appeal of these mechanics among operators and players alike.

A Year of Remarkable Growth

Throughout 2023, bets participating in jackpots experienced consistent quarterly growth, witnessing a remarkable 165% increase from January to December. By the end of the year, the total value of these bets had surged to an impressive 6.396 billion euros. Moreover, the number of jackpot campaigns witnessed a substantial growth of 3.8 times compared to the previous year, totaling 230 campaigns.

Expanding Reach and Impact

One of the standout achievements of 2023 was the expansion of the Jackpot Aggregator’s footprint. The number of brands utilizing its jackpot solution tripled within the year, culminating in over 70 active brands by year-end. This surge in adoption reflects a heightened level of market trust and interest in the product.

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Introducing the Prime Jackpot Campaign

A significant milestone of 2023 was the introduction of the Prime Jackpot campaign, which debuted in Q4. This innovative feature garnered considerable attention and interest from players across various casinos. The Prime Jackpot campaign allows operators to participate in shared prize pools, ensuring that rewards are drawn from the collective pool rather than from a specific brand operator. This approach not only offers larger rewards to attract more players but also enhances player engagement and loyalty while optimizing operational costs for operators.

Insights from SOFTSWISS

Aliaksei Douhin, Head of SOFTSWISS Jackpot Aggregator, shared his insights into the year’s achievements. He emphasized the noticeable increase in clients and connected casino brands, as well as the growing volume and value of bets in jackpots. He expressed satisfaction in witnessing clients actively embracing the Jackpot Aggregator and recognizing the added value it brings to their brand operations. The solution empowers operators to provide players with enhanced gaming experiences and more enticing winnings. Client feedback is actively collected and analyzed to ensure clients have access to the most sought-after tools and mechanics.

Looking Ahead to 2024

In 2024, the SOFTSWISS Jackpot Aggregator is set to extend its reach to a wider spectrum of clients. This expansion will be guided by a customized approach, ensuring that each client can tailor the product’s capabilities to meet their specific requirements.

Meet SOFTSWISS at ICE London

The SOFTSWISS Jackpot Aggregator team will be present at ICE London from February 6th to 8th, 2024. They are ready to showcase their latest advancements and engage in discussions with existing and potential clients.

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About SOFTSWISS

SOFTSWISS is a renowned international iGaming company that offers certified software solutions for managing gambling operations. With a dedicated team of over 2000 employees spread across Malta, Poland, and Georgia, SOFTSWISS holds multiple gaming licenses and provides comprehensive iGaming software solutions. Their diverse product portfolio includes the Online Casino Platform, the Game Aggregator featuring thousands of casino games, the Affilka affiliate platform, the Sportsbook software, and the Jackpot Aggregator. In 2013, SOFTSWISS made history by introducing the world’s first Bitcoin-optimized online casino solution.

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