{"id":11607,"date":"2025-11-27T12:02:52","date_gmt":"2025-11-27T12:02:52","guid":{"rendered":"https:\/\/sbceurasia.com\/en\/?p=11607"},"modified":"2025-11-27T12:02:55","modified_gmt":"2025-11-27T12:02:55","slug":"uri-poliavich-why-igaming-is-like-nascar-and-soft2bets-q3-results","status":"publish","type":"post","link":"https:\/\/sbceurasia.com\/en\/2025\/11\/27\/uri-poliavich-why-igaming-is-like-nascar-and-soft2bets-q3-results\/","title":{"rendered":"Uri Poliavich: Why iGaming is Like NASCAR and Soft2Bet’s Q3 Results"},"content":{"rendered":"\n

iGaming is a fast paced, energetic industry where no two days are the same and things change very quickly. It\u2019s often likened to a rollercoaster, but for Uri Poliavich<\/strong>, CEO of Soft2Bet<\/strong>, it is just like motor-racing. <\/p>\n\n\n\n

With some businesses sponsoring race cars and displaying cars at industry events, one might think of Formula One<\/strong>, but Poliavich instead makes comparisons with NASCAR<\/strong>. <\/p>\n\n\n\n

\u201cNASCAR is very challenging. Each race is 500 miles, there are 39 different tracks at 39 different stadiums that each racer needs to learn and understand how to race at. Like in our business, you can just run out of fuel and be out of the race. You can be stuck in the middle of the race and it happens in our industry. You can run out of track, too.\u201d<\/p>\n\n\n\n

That\u2019s what Soft2Bet\u2019s CEO told staff members at the company\u2019s Q3 Town Hall meeting. For the first time ever, Soft2Bet allowed industry press into the meeting to get a glimpse of its performance throughout Q3. <\/p>\n\n\n\n

But while Poliavich sees similarities between iGaming and NASCAR, there are key differences, as he told staff: \u201cWe have an indefinite number of miles to go. We have indefinite numbers of tracks and markets and, of course, new racers. You see them at each expo. More and more racers are coming in. More and more platforms, more and more operators, game providers, payment providers. That\u2019s something that never ends.\u201d<\/p>\n\n\n\n

Soft2Bet\u2019s CEO ran through some top line numbers before breaking the business down into its core functions, assessing growth OKRs against targets and outlining operational milestones. <\/p>\n\n\n\n

For Q3, which was labelled \u2018lap 37\u2019 for Soft2Bet, the company saw 15% EBITDA growth quarter-on-quarter and 7%  revenue growth QoQ. On a YoY comparison, EBITDA growth was 96% and revenue was 88% up. <\/p>\n\n\n\n

Though impressed, the CEO outlined he wanted to be even more ambitious in Q4.<\/p>\n\n\n\n

On the casino side of the business, Soft2Bet during Q3 grew its game GGR by 20% QoQ after using 43 new integrations with over 1400 new games in the platform via its aggregation engine. In its sportsbook, Soft2Bet\u2019s game GGR grew by 174% QoQ compared to a target of 4%. <\/p>\n\n\n\n

Operationally, Q3 was a very busy period for Soft2Bet, which launched new brands, secured new platform certifications and launched several new features as part of its B2B offering. <\/p>\n\n\n\n

Firstly, the company launched four new brands including TopBet<\/strong> in Romania<\/strong>, where tax hikes have caused some uncertainty. Poliavich noted that the brand launched prior to the tax hike from 21% to 27% which occurred earlier this month, and that management would \u201csee how it goes\u201d moving forward. <\/p>\n\n\n\n

The other brand to launch was Swiper<\/strong>, Soft2Bet\u2019s social media driven online casino brand which has gone live in Romania<\/strong>, Sweden<\/strong>, Denmark<\/strong> and Ontario<\/strong>. Swiper has been designed so players can discover, select and play games just using their thumb, as the platform has been designed around \u201cswipe-driven navigation\u201d.<\/p>\n\n\n\n

A number of existing brands also strengthened their positions thanks to marketing campaigns. For example:<\/p>\n\n\n\n