Golden Race
GoldenRace is a B2B virtual sports and betting technology provider licensing 3D-simulated sports, crash, number, and arcade-betting games to 500+ operators and 107+ platform partners across 60,000+ betting shops in 14 regulated jurisdictions worldwide.
- Company typePrivate
- Founded2006
- HeadquartersMálaga, Spain
- Headcount101–250
- GTM typeB2B
- OfferingSoftware
What Golden Race does
GoldenRace is a B2B provider of virtual sports and betting technology, founded in 2006 and operating under Softquo Holding Ltd. from its corporate headquarters in Valletta, Malta, with engineering offices in Málaga and Seville (Spain) and Widnau (Switzerland). The company builds a proprietary 3D virtual sports simulation engine, augmented with motion-capture from professional players, in-house bookmaking, and certified RNG, producing a portfolio of 29 gaming products spanning 16 virtual sports (virtual football, horse racing, greyhound racing, MMA, motorsports, cricket, baseball, basketball, and others), 6 number games (Keno, Spin2Win, Perfect6, etc.), 5 crash games, and a new Hit&Win arcade-betting hybrid category. Content is delivered through an omnichannel B2B platform supporting both retail betting shops (via V5 retail infrastructure and the In-Shop Mobile ECO tool) and online operators (via the V5 Mobile Solution and Omega Mobile), with low-bandwidth optimisation targeted at emerging markets.
GoldenRace licenses its software and content to betting operators and platform providers worldwide, with no direct-to-consumer offering. The platform runs in 60,000+ betting shops and serves 500+ operator clients and 107+ platform partners, processing approximately 25 million bets per day. Distribution is two-tier: direct B2B licensing to operators, combined with aggregator/platform integrations (Altenar, BetConstruct, Aspire Global, Btobet, Digitain, Lynon, ISIBET Pro, BlueOcean Gaming, Convex) that multiply downstream reach. The company is licensed and certified in 14 regulated jurisdictions (Malta MGA, UKGC, Spain, Italy, Romania, Greece, Croatia, Netherlands, Brazil, Colombia, Peru, South Africa, British Columbia, Nova Scotia) and maintains ISO/IEC 27001:2022 information security certification, positioning it as a compliance-ready vendor for both mature and emerging regulated igaming markets.
Revenue is generated through B2B software licensing and managed-service arrangements, with pricing negotiated enterprise-by-enterprise and not publicly disclosed. The company operates without external funding rounds identified in the available data, is founder-led (Martin Wachter, CEO & Founder; René Wachter, COO; Anastasios Panagiotaros, Sales Director), and is part of a broader Softquo Holding ecosystem that includes sister brands Spinmatic (slots), Novusbet (sportsbook platform), Xpress Tech (content aggregation), and TVBET (live games). Recent strategic activity in 2025-2026 — including entry into Colombia, global distribution via Lynon, ~20-operator access via ISIBET Pro in Italy, the Hit&Win category launch, and the V5 Mobile Solution — signals an accelerating push into Latin American and European regulated markets alongside category expansion.
Golden Race firmographics
Firmographics- Name
- Golden Race
- Legal name
- Softquo Holding Ltd.
- Website
- https://goldenrace.com
- Company type
- Private
- Founded year
- 2006
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- GoldenRace is a B2B virtual sports and betting technology provider licensing 3D-simulated sports, crash, number, and arcade-betting games to 500+ operators and 107+ platform partners across 60,000+ betting shops in 14 regulated jurisdictions worldwide.
- Ownership category
- akta.pro rank
Golden Race industry classification
Industry- Product category
- Virtual Sports Betting Software
- NAICS
- Gambling Industries (7132), Other Gambling Industries (713290)
- SIC
- Services-Miscellaneous Amusement & Recreation (7990)
- akta.pro primary industry
- iGaming Platform Providers (Turnkey/Casino & Sportsbook Platforms) (MPAEAKAA)
- akta.pro secondary industry
- Sportsbook Trading, Odds & Feed Providers (MPAEAKAB)
Keywords
Where Golden Race is headquartered
LocationHeadquarters
- HQ city
- Málaga
- HQ country
- Spain
- HQ region
- Europe
Offices4 records
Markets served
Golden Race business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure
Revenue model
- B2B Software Licensing — Virtual Sports: GoldenRace licenses its virtual sports simulation software (virtual football, horse racing, greyhound racing, motorsports, etc.) to land-based betting shops and online casino operators. Revenue is generated through licensing fees charged to B2B operator clients. The platform supports 60,000+ betting shops and 500+ clients globally, processing 25 million bets per day.
- B2B Software Licensing — Number Games: Licensing of virtual number games (Keno, Spin2Win, Colour Colour, Perfect6, 1Namba, Goal2Win) to betting operators. These games offer 24/7 availability and skip functions that encourage more frequent betting.
- B2B Software Licensing — Crash Games: Licensing of crash game products (Fire Crash, Meteoroid, Boom Ball Juggle, Danfo Crash, Jet Escape) featuring multiplier mechanics. High-speed content targeting audiences seeking instant results.
- B2B Software Licensing — Hit&Win Games: Licensing of the Hit&Win game category (Arcade Heist, Fortune Fighters), a new hybrid arcade/betting format that blends video game nostalgia with igaming profitability.
- Omnichannel B2B Betting Solutions: Provision of complete retail and online betting solutions to operators, including hardware and software B2B offerings. Retail solutions (V5) and Online solutions are provided as a managed service.
Go-to-market motion3 records
Distribution channels3 records
Marketing channels8 records
Golden Race product offering
Product offeringCore offering
GoldenRace develops and licenses B2B virtual sports and betting software to land-based betting shops and online casino/sportsbook operators. The portfolio includes 16 virtual sports products (football, horse racing, greyhound racing, motorsports, MMA, basketball), 6 number games (Keno, Spin2Win, Perfect6, etc.), 5 crash games (Fire Crash, Meteoroid, etc.), and 2 Hit&Win arcade-betting hybrids, delivered through an omnichannel V5 platform running in 60,000+ betting shops and processing 25 million bets per day.
Product overview
GoldenRace is a B2B virtual sports and betting technology provider offering a diversified portfolio of four core product categories: Virtual Sports (16 offerings including football, racing, and motorsports), Number Games (6 offerings including Keno and lottery-style games), Crash Games (5 offerings with multiplier mechanics), and Hit&Win (2 innovative arcade-betting hybrid games). The company provides omnichannel B2B solutions for retail (physical betting shops) and online operators, with software running in 60,000+ betting shops worldwide and processing 25 million bets per day. Core technology includes motion-capture for realistic 3D animations, professional voice-overs, and RNG-certified game outcomes. Products are delivered through sister companies under Softquo Holding: Spinmatic (slots), Novusbet (sports betting platform), and Xpress Tech (content aggregation).
Differentiator
Problem solved
Functional benefit
Brands
- Spinmatic: Top-quality slot developer, premier portfolio of innovative slot titles
- Novusbet
- Xpress Tech
Products and services
- Virtual Sports A portfolio of 16 virtual sports products offering realistic 3D simulations of football, horse racing, greyhound racing, MMA, basketball, motorsports, and more, with motion-capture player animations, real stadium environments, and 40+ betting markets. Licensed to online casinos and betting companies for 24/7 content availability.
- Number Games Six digital number-based betting games (1Namba, Goal2Win, Colour Colour, Keno & Keno Deluxe, Spin2Win & Spin2Win Royale, Perfect6) that recreate casino-like and lottery-type formats under a betting format with RNG-based outcomes and 24/7 availability.
- Crash Games Five crash games (Boom Ball Juggle, Danfo Crash, Jet Escape, Fire Crash, Meteoroid) using increasing multiplier mechanics with crypto technology, offering guaranteed wins and unpredictable formats targeting audiences seeking instant results.
- Hit&Win A new category of games that combines arcade-style mechanics with betting functionality, blending video game nostalgia with igaming profitability. Includes Arcade Heist and Fortune Fighters, designed for V5 mobile infrastructure.
- Betting Solutions (Retail & Online) Omnichannel and fully-customisable B2B solutions for land-based and online operators, covering retail software (V5 improvements, In-shop Mobile, Omega Mobile) and online infrastructure (V5 mobile solution). Licensed and certified in 14 regulated jurisdictions.
Quantifiable outcome
- 60,000+ betting shops running GoldenRace software globally
- +5 more outcomes
Companies that use Golden Race
Customer profileNamed customers8 records
Segments3 records
Ideal customer profiles3 records
Golden Race technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability2 records
Feature10 records
Golden Race partnerships and signals
Strategic signalPartnerships
Eleven partnerships are on record, tiered core, regional and minor.
- PlaylogiqcoreGoldenRace and Playlogiq celebrated 5 years of successful partnership in 2026. Playlogiq is described as one of GoldenRace's most enduring collaborations, representing a long-term alliance that has redefined the betting landscape. The partnership provides Playlogiq's operator clients with access to GoldenRace's virtual sports portfolio.
- Colombia Poker Tour (CPT) / Apostar S.A.coreStrategic alliance integrating GoldenRace's virtual sports content (horse racing, greyhound racing, virtual football) into CPT's betting platform in Colombia. Marks GoldenRace's official entry into the Colombian regulated market, identified as a fundamental priority in its Latin American expansion strategy. CPT and Apostar S.A. view virtual betting integration as a turning point for the local industry.
- Olympia Apuestas VirtualescorePartnership reinforcing GoldenRace's leadership in the Colombian market alongside Olympia Apuestas Virtuales. Part of a broader strategy to establish a unique seal of guarantee and certified leadership position in Colombia.
- WinmasterscoreGoldenRace and Spinmatic partnered with Winmasters to deliver specialised gaming content (virtual sports, number games, crash games, and slot titles) to local players in Greece. The Greek market has been a consistent area of focus for GoldenRace since 2021. The partnership is designed to scale, with a phased rollout planned for other regulated European markets where Winmasters operates.
- Fortuna Entertainment GroupcoreStrategic partnership in Central and Eastern Europe (CEE) with Fortuna Entertainment Group, one of the leading betting operators in the CEE region.
- ISIBET ProcoreStrategic partnership supercharging ISIBET Pro's online vertical by integrating GoldenRace's award-winning virtual sports portfolio. The collaboration unlocks approximately 20 different operators in a single move, bringing GoldenRace's leading portfolio to a massive network of players through one unified technical bridge. Targets the Italian online market.
- LynoncoreGlobal distribution deal integrating GoldenRace's and Spinmatic's complete portfolios into Lynon's all-in-one igaming platform. The partnership covers the entire game library, ensuring Lynon's online players have access to the most advanced virtual sports and casino games available. The deal expands Softquo Holding's international footprint.
- InbetregionalPartnership opening up the Bulgarian market with Inbet. GoldenRace's virtual sports content is integrated into Inbet's platform for Bulgarian players.
- Spinmatic Entertainment Ltd.coreSpinmatic, a top-quality slot developer and sister company within Softquo Holding, works side-by-side with GoldenRace. Products are frequently co-marketed and co-sold at events. GoldenRace and Spinmatic recently partnered together with Winmasters in Greece and with Lynon globally.
- TVBETminorFirst-rate live game provider working side-by-side with GoldenRace as part of the broader Softquo ecosystem.
- NovusbetminorSports betting platform within Softquo Holding that provides flexibility to adapt to any regulatory framework. Co-marketed with GoldenRace at industry events, particularly in Brazil.
Scale indicators8 records
Recent moves8 records
Expansion highlights6 records
Golden Race competitors and assessment
Company assessmentDirect peers
- Kiron Interactive: Kiron Interactive is a virtual sports and games provider focused on emerging markets, with virtual football, racing, and number games. Directly comparable to GoldenRace's core virtual sports portfolio and emerging-market focus.
- Scout Gaming Group: Scout Gaming Group provides fantasy sports and sportsbook platform solutions to B2B operators. Its DFS and sportsbook technology is comparable to GoldenRace's virtual sports and number games portfolio, particularly in European regulated markets.
- Leap Gaming: Leap Gaming provides virtual sports and casino games to B2B operators, including virtual football, racing, and sports betting content. Its product set and target market overlap directly with GoldenRace's virtual sports and omnichannel platform offerings.
- BETER: BETER provides virtual sports and esports betting content to B2B operators, with a portfolio of fast-paced virtual sports and live data feeds. Directly comparable to GoldenRace's virtual sports and number games portfolio, targeting similar operator customers.
- BetGames.TV: BetGames.TV is a live-dealer and betting games provider offering fixed-odds betting products to operators. Its portfolio of live dealer and lottery-style games overlaps with GoldenRace's number games and crash games categories, serving the same B2B operator base.
- Inspired Entertainment: Inspired Entertainment is a leading B2B provider of virtual sports and gaming technology, directly comparable to GoldenRace. It operates a virtual sports platform serving retail and online operators globally, with similar product breadth across horse racing, football, and motorsports simulations.
- Highlight Games: Highlight Games specialises in virtual sports and football-themed betting products using real sports footage and archive content. Its virtual football and racing products overlap with GoldenRace's flagship virtual football and racing offerings.
Broad incumbents
- Pragmatic Play: Pragmatic Play is a major multi-vertical gaming content provider (slots, live casino, virtual sports, bingo). Its virtual sports division is directly competitive with GoldenRace, though it operates as part of a much broader portfolio serving the same B2B operator customers.
- Evolution AB: Evolution AB is the dominant live casino provider and has expanded into slots and virtual sports via NetEnt and Red Tiger. Its growing virtual sports and instant-win segment overlaps with GoldenRace's crash and number games categories.
- Playtech: Playtech is one of the largest B2B gaming technology platforms, offering sportsbook, casino, and virtual sports content. Its virtual sports and sportsbook technology directly overlaps with GoldenRace's offerings while being part of a far larger enterprise platform suite.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
Golden Race social profiles
Digital presenceGolden Race compliance and trust
Trust signalCompliance20 records
Golden Race financial estimates
Financial estimateRevenue estimate
Valuation estimate
Golden Race leadership team
Management profileNumber of profiles
Profiles3 records
Golden Race subsidiaries and ownership
Company hierarchySubsidiaries7 records
Golden Race funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Golden Race M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Golden Race
What does Golden Race do?
GoldenRace develops and licenses B2B virtual sports and betting software to land-based betting shops and online casino/sportsbook operators. The portfolio includes 16 virtual sports products (football, horse racing, greyhound racing, motorsports, MMA, basketball), 6 number games (Keno, Spin2Win, Perfect6, etc.), 5 crash games (Fire Crash, Meteoroid, etc.), and 2 Hit&Win arcade-betting hybrids, delivered through an omnichannel V5 platform running in 60,000+ betting shops and processing 25 million bets per day.
Is Golden Race a public or private company?
Golden Race is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Golden Race founded?
Golden Race was founded in 2006. It employs 101 to 250 people.
Where is Golden Race based?
Golden Race is headquartered in Málaga, Spain, in the Europe region.
How does Golden Race make money?
Five revenue lines are on record. B2B Software Licensing — Virtual Sports are the primary driver. The others are B2B Software Licensing — Number Games, B2B Software Licensing — Crash Games, B2B Software Licensing — Hit&Win Games and omnichannel B2B Betting Solutions.
Who are Golden Race's main competitors?
Direct peers on record are Kiron Interactive, Scout Gaming Group, Leap Gaming, BETER, BetGames.TV, Inspired Entertainment and Highlight Games. Broad incumbents are Pragmatic Play, Evolution AB and Playtech.
Does Golden Race have an API?
No public API is recorded for Golden Race.
What industry is Golden Race in?
Golden Race's product category is Virtual Sports Betting Software. Its primary akta.pro industry code is MPAEAKAA, iGaming Platform Providers (Turnkey/Casino & Sportsbook Platforms), with a secondary code of MPAEAKAB, Sportsbook Trading, Odds & Feed Providers. Its NAICS code is 7132 and its SIC code is 7990.