Horix Manufacturing Company

What Horix Manufacturing Company does

Vavada (delivered via the horix.net domain) operates an online casino and sports betting platform serving primarily adult users in Latvia and the broader Baltic region, with localization extending to Russian, English, Croatian, Bulgarian, Ukrainian, Estonian, Kazakh, and Hindi-speaking markets. The product surface includes slot machines, live dealer tables, digital table games, crash games, sports betting, and competitive tournaments with prize pools. The platform is delivered through a browser-based web interface plus dedicated iOS and Android applications.

Underlying technology is a third-party-game-aggregation model rather than proprietary game development. Vavada integrates content from more than 40 game studios, with tier-1 partnerships marked as core (Pragmatic Play, NetEnt, Play'n GO, Playtech, PG Soft, Nolimit City, and Red Tiger) and a long tail of secondary studios (Hacksaw, Yggdrasil, Thunderkick, Quickspin, Push Gaming, Relax Gaming, ELK, Blueprint, EGT Digital, Merkur, and others). Revenue is generated via house edge on player wagers (transaction-fee economics on every bet) supplemented by a freemium promotional layer — deposit bonuses, free spins, cashback, reload offers, and tournaments designed to drive deposits and extend session length. Go-to-market is direct-to-consumer digital acquisition through the website, mobile apps, social media (Instagram, VK, Twitter/X, YouTube), and affiliate/referral programs.

Name

Horix Manufacturing Company

Website

https://horix.net

Company type

Private

Founded year

1929

Headcount range

11–50 employees

Short description

Vavada (horix.net) is a multi-brand online casino and sports betting platform serving primarily Latvia and the wider Baltic region, with localization into nine languages. It aggregates 40+ third-party game studios into a web and mobile offering spanning slots, live dealer, table games, crash games, and tournaments.

Ownership category

akta.pro rank

Product category

Online Casino / Online Gambling

NAICS

Gambling Industries (7132), Other Gambling Industries (713290)

SIC

Services-Computer Integrated Systems Design (7373)

akta.pro primary industry

Online Casino Platform Providers (PAM, Wallet, CMS, Back Office) (MPAEABAK)

akta.pro secondary industries

iGaming Platform Providers (Turnkey/Casino & Sportsbook Platforms) (MPAEAKAA), Live Dealer Online Casinos (MPAEABAB)

Keywords

• Online casino games
• Slot machine gaming
• Live dealer casino
• Mobile gambling apps
• Online sports betting

Headquarters

HQ city

Mckees Rocks

HQ country

United States

HQ region

North America

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Gaming transactions: Platform generates revenue from player wagers, house edge on casino games including slots, live dealer games, and table games. Revenue derived from betting activity with built-in mathematical house advantage.
2. Bonus and promotional offers: Platform offers deposit bonuses, free spins, cashback, and tournament entries to attract and retain players. These promotional offerings drive player deposits and extended gameplay sessions.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

Horix Manufacturing Company operates an online gambling platform (branded Vavada) accessible via horix.net, offering slot machines, live dealer casino games, digital table games, sports betting, tournaments, and bonus programs. The platform serves adult players with web-based access and dedicated mobile applications for iOS and Android devices, aggregating content from dozens of third-party game studios.

Product overview

The source data does not contain information about Horix Manufacturing Company. The content describes Vavada casino, an online gambling platform with games including slots, live dealer tables, digital table games, tournaments, and various bonus offerings. Mobile apps are available for iOS and Android. This content is unrelated to a manufacturing company.

Differentiator

Problem solved

Functional benefit

Products and services

• Vavada Casino Platform

Segments1 record

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Seven partnerships are on record, tiered core.

• NetEntcoreTechnology or IntegrationLeading game provider supplying premium slots (including Gonzo's Quest, Starburst, Dead or Alive) and live casino content. Major supplier to the platform.
• Nolimit CitycoreTechnology or IntegrationSwedish game studio known for high-volatility, edgy slots with innovative mechanics. Key provider for the platform.
• PG Soft (Pocket Games Soft)coreTechnology or IntegrationMobile-first game studio creating visually rich slot games. Featured titles include Wild Bandito and Mahjong Ways.
• Play'n GOcoreTechnology or IntegrationLeading multi-platform game provider famous for Book of Dead, Reactoonz, and Rich Wilde series. Major content supplier to the platform.
• PlaytechcoreTechnology or IntegrationMajor game developer and platform provider offering slots, live casino, and sports betting solutions. Key strategic provider.
• Pragmatic PlaycoreTechnology or IntegrationLeading multi-content provider supplying slots (Sweet Bonanza, Gates of Olympus, The Dog House), live casino, and sports betting. Featured as a key game provider on the platform with multiple highlighted titles.
• Red TigercoreTechnology or IntegrationGame provider known for daily jackpot network and slots like Mayhem. Part of NetEnt group.

Recent moves5 records

Expansion highlights4 records

Direct peers

• Rizk: Online casino brand targeting European markets including the Nordics and Baltics, with a strong slot/live casino offering and gamified loyalty mechanics. Closely comparable to Vavada in regional positioning and product mix.
• Videoslots: Online casino known for exceptionally broad game aggregation from dozens of studios and a tiered loyalty program. Highly comparable to Vavada in emphasizing catalog breadth and tournaments/promotions as core engagement levers.
• LeoVegas: Mobile-first multi-brand online casino and sportsbook operating across European regulated markets. Highly comparable to Vavada in product mix (slots, live casino, sportsbook) and direct-to-consumer digital acquisition model.
• Betsafe: Online casino and sportsbook focused on Nordic/Baltic and broader European markets. Directly comparable customer geography and product offering (slots, live dealer, sports betting).
• Mr Green (William Hill / 888): Multi-jurisdictional online casino brand offering slots, live dealer, and sports betting with strong responsible-gaming positioning. Comparable in product scope and target customer base to Vavada.

Broad incumbents

• Unibet (Kindred Group): Established European online gambling operator combining casino, sportsbook, and poker. Comparable in operating model (aggregated game content, multi-language, multi-currency) but with significantly broader market coverage.
• 888 Casino: Long-standing online casino operator with proprietary platform and multi-jurisdictional footprint. Comparable in aggregated content model and direct-to-consumer acquisition, but at much greater scale.
• Betsson: Large multi-brand European online gambling operator covering casino, sportsbook, and poker across many jurisdictions. Comparable as a regional online casino operator with broad game aggregation and multi-market localization, but materially larger and more diversified.

Others

• Pragmatic Play: Leading multi-vertical iGaming supplier (slots, live casino, sportsbook, bingo) whose content is heavily featured on Vavada. Relevant as a core content partner and as a benchmark for the supplier-side economics that constrain aggregator margins.
• Playtech: Major B2B iGaming platform and content provider supplying slots, live casino, and sportsbook technology. Relevant as a listed 'core' partner to Vavada and a structural peer for any aggregator-led casino business model.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights5 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

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 Horix Manufacturing Company