What BGaming does

BGaming is a B2B iGaming content provider headquartered in Valletta, Malta, operating under the legal entity Stable Games Ltd and regulated by the Malta Gaming Authority under B2B Critical Gaming Supply Licence MGA/B2B/785/2020. The company supplies online casino operators with a portfolio of 250+ certified games spanning video slots, crash games, casual games, scratch cards, dice, roulette, lottery, and card titles, unified under proprietary mechanics (TRUEWAYS, Merge Up, Hold & Win) and a licensed MEGAWAYS integration. Its core technology is an HTML5 cross-platform game engine optimized for mobile-first play, with certified RNG (iTechLabs, BMM Testlabs), a provably fair cryptographic verification system, and an API supporting fiat, cryptocurrency, and custom virtual currencies. The company also offers promotional tools (BGaming Drops, Challenges, Game Sets Promo) and exclusive branded game development, launching 3-5 custom titles monthly for operator partners.

BGaming distributes through 40+ iGaming aggregators and platforms (SOFTSWISS, Microgaming, BetConstruct, Playtech, EveryMatrix, Hub88, Slotegrator, Light & Wonder, Pariplay, and others) and direct API integrations, reaching 3,000+ casino operator clients across Europe, LatAm, North America, and emerging African markets. Revenue is generated primarily through B2B game licensing and royalty arrangements, with additional monetization from exclusive branded game development, promotional tooling, and a publishing program for independent game studios. The company holds ISO/IEC 27001:2013 certification and country-specific approvals for Brazil, Peru, Sweden, Italy, Spain, Romania, and Greece, and has been recognized with multiple industry awards including Best Game Studio at SiGMA Eurasia 2025 and Casino Supplier of the Year at SBC Europe Awards 2025. Notable commercial milestones include the Snoop Dogg Dollars celebrity-branded slot launch (2025), the viral Aviamasters title, and enterprise partnerships with PokerStars and Entain.

Name

BGaming

Legal name

Stable Games Ltd

Website

https://bgaming.com

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

101–250 employees

Short description

BGaming is a Malta-based B2B iGaming content provider supplying 250+ certified casino games, proprietary mechanics, and promotional tools to 3,000+ online casino operators and 40+ aggregators worldwide.

Ownership category

akta.pro rank

Product category

iGaming Content Software

NAICS

Other Gambling Industries (71329)

SIC

Services-Miscellaneous Amusement & Recreation (7990)

akta.pro primary industry

iGaming/Online Slot Content & Remote Game Servers (RGS) (MPAEAJAI)

akta.pro secondary industry

Online Casino Studios & Game Publishers (Slots, RNG, Live Dealer) (MPAEABAJ)

Keywords

• IGaming content provider
• Online casino games
• Slot game development
• Casino game publishing
• Gaming software platform

Headquarters

HQ city

Valletta

HQ country

Malta

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Marketing or Sales, Operations, Others

Revenue model

1. Game Licensing and Content Supply: BGaming licenses its portfolio of 250+ certified casino games to online casino operators globally. Revenue is generated through game supply agreements with casino platforms. As a B2B supplier, BGaming provides game content while operators handle player-facing operations. The company reports operational stability of 99.9%.
2. Exclusive and Branded Game Development: BGaming creates customized and branded online slot machines with deep redesigns tailored to specific casino brands. These exclusive titles command premium positioning and differentiation for operator partners. BGaming launches 3-5 custom and branded games each month for operators like Blaze, Pin-Up, and Gamdom.
3. Marketing Tools and Promotional Services: BGaming provides promotional tools including BGaming Drops, Challenges, and Game Sets Promo to casino operators. These tools help increase revenue and strengthen player engagement for operator partners. The Promo Hub supports best practices for casino audience engagement.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels8 records

Core offering

BGaming is a B2B iGaming content provider that designs, develops, and licenses a portfolio of 250+ certified online casino games — including video slots, crash, casual, scratch, dice, roulette, lottery, and card games — to licensed online casino operators worldwide. The company supplements its game portfolio with integrated promotional tools (Drops, Challenges, Game Sets Promo), exclusive branded game development, and a publishing program for independent game studios, distributing content via direct API integration and through 40+ aggregator platforms to 3,000+ operator clients.

Product overview

BGaming is a leading B2B iGaming game provider and publisher offering 250+ certified games including video slots, crash games, casual games, scratch cards, card games, dice, roulette, and lottery titles. The company's portfolio is unified under the BGaming brand and powered by proven mechanics including Hold & Win, MEGAWAYS, TRUEWAYS, and cluster mechanics. Beyond game content, BGaming provides promotional tools (Drops, Challenges, Game Sets Promo), exclusive branded game development, and publishing services for independent studios. The company integrates with 40+ iGaming platforms and aggregators including SOFTSWISS, Microgaming, BetConstruct, Playtech, and EveryMatrix to serve 3,000+ casino clients globally.

Differentiator

Problem solved

Functional benefit

Products and services

• BGaming Game Portfolio A portfolio of 250+ certified iGaming games including video slots, crash games, casual games, scratch cards, video poker, card games, dice, roulette, and lottery titles, powered by proven mechanics such as Hold & Win, MEGAWAYS, TRUEWAYS, and merge cluster mechanics, licensed to online casino operators.
• BGaming Promo Tools Suite of integrated promotional tools including BGaming Drops (random prize drops), BGaming Challenges (in-game tasks with rewards), and Game Sets Promo (seasonal reskins for holidays such as Christmas, Valentine's, St. Patrick's Day, Easter, and Halloween), helping casino operators increase player engagement, retention, and revenue.
• BGaming Exclusive Games Customized and branded online slot machines with deep redesigns tailored to specific casino brand identity and player preferences, offered exclusively to operator partners (e.g., Blaze, Pin-Up, Gamdom, Betivo) to differentiate their game lobbies.
• BGaming Publishing Program Publishing program (publishing.bgaming.com) that supports independent game studios by distributing their content through BGaming's certified platform and operator relationships, helping smaller developers reach market via BGaming's infrastructure.
• Aztec Clusters Data-driven cluster slot featuring an Aztec theme with cascading mechanics and engaging bonus features, co-developed with Casinolytics using player preference data.
• Merge Up™ Slot featuring BGaming's proprietary Merge Up mechanic where symbol clusters of 5+ trigger upgrades and cascading wins; the mechanic spans sequels including Merge Up 2, Sugar Merge Up, Lucky 8 Merge Up, Sugar Merge Up 2, and Bahamut Merge Up (exclusive for BetConstruct).
• Bonanza Billion BGaming's first cascade slot showing record first-month results, featuring cascading symbols and multipliers; later evolved into Bonanza Billion Xtreme released in April 2026.
• Plinko Popular casual game featuring ball-drop mechanics with adjustable risk settings and multiplier prizes (Plinko / Plinko 2).
• Aviamasters Viral hit slot featuring an aviation theme with unique mechanics; sequelized into Aviamasters 2 and X-mas editions, and won Best Casino Game at SiGMA Central Europe Awards 2025.
• Snoop Dogg Dollars First-ever celebrity-branded slot featuring Snoop Dogg with unique theming and music, marking a milestone branded-content launch for BGaming.
• Penalty Duel with Júlio César Landmark casual branded game collaboration with Brazilian football legend Júlio César featuring penalty shootout mechanics, multipliers up to x4,860, Golden Football mode with Chance x5 boost, Buy Bonus feature, and max win of 243,000.
• Frenzy Clusters Magical-themed cluster slot inspired by streaming content and mobile gaming trends, featuring 5 intricately designed companions, cluster mechanics starting at 4 symbols, and special symbols for additional win opportunities.
• Multi Rush Dynamic crash-style casual game with multi-level risk mechanics.
• Fishing Time Crash game with Wheel of Fortune mechanics, random multipliers, and an ice-fishing theme, designed mobile-first with high volatility and 96% theoretical RTP.
• Yokai First slot in BGaming's ART Collab series featuring Portuguese street artist Gonçalo MAR's hand-drawn pixel art; offers two Wilds, cumulative multipliers, and a Bonus game with a randomized number of Free Spins.

Quantifiable outcome

• BGaming's title triggered €244K+ payout in the first SOFTSWISS Prime Network Jackpot
• +3 more outcomes

Named customers16 records

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration24 records

Feature8 records

Partnerships

26 partnerships are on record, tiered core, strategic and minor.

• PlaylogiQcoreTechnology or Integration · 25 June 2026BGaming expanded its African presence through a partnership with PlaylogiQ, enabling distribution of BGaming's game portfolio to African casino operators and players.
• Júlio CésarcoreStrategic or Co-development Partner · 8 June 2026BGaming partnered with Brazilian football legend Júlio César for Penalty Duel with Júlio César - a landmark collaboration featuring the former national team goalkeeper in an exclusive branded casual game.
• Jon VlogsstrategicGTM or Marketing Partner · 8 June 2026Jon Vlogs serves as BGaming's LATAM Brand Ambassador, supporting charity missions in Brazil. BGaming partnered with Jon Vlogs to spread Christmas joy through a charity initiative.
• DAR BjornminorOthersBGaming raised €200,000 for DAR Bjorn neurological home through its second annual charity gala. Also partnered with White Label Casinos and Next.io for €200,000 charity gala contribution.
• Centurion AssociationminorOthersBGaming partnered with Centurion Association for charity and social initiatives in Brazil, supporting local community projects.
• A7MAminorOthersBGaming launched a CSR art project in Brazil in partnership with A7MA, donating to the Brazilian art institute in support of creative children's projects.
• Perfect Position StudioscoreStrategic or Co-development PartnerPerfect Position Studios is an independent game studio benefiting from BGaming's publishing program, which helps independent studios grow faster through BGaming's distribution infrastructure.
• CasinolyticsstrategicStrategic or Co-development PartnerBGaming partnered with Casinolytics to deliver data-driven slot Aztec Clusters, using player preference data to optimize game design and mechanics.
• PokerStarscoreChannel Partner/ Reseller/ DistributorBGaming secured a partnership with PokerStars, enabling distribution of BGaming game content through one of the world's largest poker and casino brands.
• StakecoreChannel Partner/ Reseller/ DistributorStake is a major cryptocurrency casino partner offering BGaming titles to its global player base.
• BitstarzcoreChannel Partner/ Reseller/ DistributorBitstarz is a leading cryptocurrency casino featuring BGaming content, offering over 500 cryptocurrencies and 6,000+ games.
• BlazecoreChannel Partner/ Reseller/ DistributorBlaze is an iGaming operator that achieved significant GGR growth following its partnership with BGaming, demonstrating the value of BGaming's content for operator differentiation.
• Pin-UpcoreChannel Partner/ Reseller/ DistributorPin-Up is a global online casino operator that has seen increased GGR and improved player retention through BGaming's tailored exclusive content.
• SOFTSWISScoreChannel Partner/ Reseller/ DistributorSOFTSWISS is a major iGaming software platform integrating BGaming games through its aggregation network. BGaming's title triggered €244K+ in the first SOFTSWISS Prime Network Jackpot.
• EveryMatrixcoreChannel Partner/ Reseller/ DistributorEveryMatrix is an iGaming platform aggregator making BGaming's full portfolio available through its platform to operator clients.
• Hub88coreChannel Partner/ Reseller/ DistributorHub88 is an iGaming aggregation platform distributing BGaming content to operator networks.
• BetConstructcoreChannel Partner/ Reseller/ DistributorBetConstruct is a major iGaming platform provider integrating BGaming content. BGaming also launched exclusive Bahamut Merge Up for BetConstruct.
• PlaytechcoreChannel Partner/ Reseller/ DistributorPlaytech is a global iGaming software supplier with BGaming content partnership enabling global distribution.
• Light & WondercoreChannel Partner/ Reseller/ DistributorLight & Wonder iGaming platform integrated BGaming through the Luckia launch in Europe.
• SlotegratorcoreChannel Partner/ Reseller/ DistributorSlotegrator is an iGaming platform aggregator distributing BGaming games to operator clients globally.
• PixbetcoreChannel Partner/ Reseller/ DistributorBGaming expanded into Brazil through a partnership with Pixbet, one of Brazil's prominent betting brands.
• EntaincoreChannel Partner/ Reseller/ DistributorBGaming expanded reach through Entain, one of the world's largest betting and gaming groups.
• BetcriscoreChannel Partner/ Reseller/ DistributorBGaming enhanced LatAm presence through Betcris partnership, strengthening its position in Latin American markets.
• Gonçalo MARstrategicStrategic or Co-development PartnerGonçalo MAR, one of Portugal's most influential street artists, collaborated with BGaming on Yokai - the first game in BGaming's ART Collab series, featuring hand-drawn pixel art in a unique beyond gaming product.
• White Label CasinosstrategicGTM or Marketing PartnerWhite Label Casinos partnered with BGaming and Next.io to raise €200,000 at the DAR Bjorn charity gala, demonstrating BGaming's commitment to CSR initiatives.
• Betivo & BGamingstrategicStrategic or Co-development PartnerBetivo partnered with BGaming to create a custom slot experience, demonstrating BGaming's exclusive branded game development capabilities.

Scale indicators8 records

Recent moves7 records

Expansion highlights3 records

Direct peers

• Pragmatic Play: Pragmatic Play is the largest B2B iGaming content provider, offering slots, live casino, and bingo via a single API to operators globally. It directly competes with BGaming in slot content supply and aggregation-distribution, with a much larger portfolio and operator footprint.
• Play'n GO: Play'n GO is a leading Swedish slot content studio with a deep portfolio of branded and proprietary games distributed via aggregators to thousands of operators. It competes head-to-head with BGaming in regulated European and Latin American markets.
• Hacksaw Gaming: Hacksaw Gaming is a slot and instant-win (scratch, crash) content provider with a similar mobile-first, multi-mechanic product strategy. It targets comparable crypto-friendly and regulated operators, making it one of the closest direct comparables to BGaming.
• Push Gaming: Push Gaming is a slot-focused studio known for high-volatility titles and branded mechanic IP, distributed through aggregators to global operators. It competes with BGaming for the same operator shelf space and aggregation partners.
• Yggdrasil Gaming: Yggdrasil is a slot and iGaming content provider with proprietary mechanics (GEM, Splitz, MultiMAX) and a strong regulated-market presence in Europe. It competes directly with BGaming in slot supply to European and Latin American operators.
• Nolimit City: Nolimit City is a slot studio famous for high-volatility branded mechanics (xMechanics) and viral titles distributed globally via aggregators. It is a direct competitor to BGaming in the upper-volatility, streamer-friendly slot segment.
• Relax Gaming: Relax Gaming operates both as a slot studio (proprietary titles and third-party studio publishing via Silver Bullet and Relax Partner programmes) and as an aggregation platform. It directly overlaps with BGaming's content and publishing activities.
• Thunderkick: Thunderkick is a smaller independent slot studio distributing through major aggregators to European and global operators. It targets the same mid-tier slot-content segment as BGaming and competes for similar operator slots.
• ELK Studios: ELK Studios is an independent slot content provider focused on mobile-first gameplay and proprietary mechanics, distributed globally via aggregators. It is closely comparable to BGaming in product philosophy and operator target.

Broad incumbents

• Evolution Gaming: Evolution is the dominant live casino provider that also owns NetEnt, Red Tiger, and Big Time Gaming, making it a broad incumbent in slot content. It overlaps with BGaming in slot supply and, through Big Time Gaming, controls the MEGAWAYS mechanic that BGaming licenses.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/bgamingo

Compliance12 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about BGaming