What Condor Gaming Group does

Condor Gaming Group is a Malta-headquartered, privately held iGaming operator founded in 2012 that owns and operates a portfolio of 8–9 consumer-facing online casino and sportsbook brands. Its portfolio includes Tournaverse (space-themed tournament brand), Gambeta10 (LATAM-focused sportsbook), 24Bettle (gamified casino with the Carlos the Bull mascot and four play modes), b-Bets (sportsbook with the proprietary BidBets auction system), Big5Casino (African-savanna themed loyalty-driven casino), Casino Sieger (DACH-focused no-frills casino with Build-Your-Bonus), Rembrandt Casino (VIP-focused luxury offering with Loyalty Boutique), LuckyBull (comic-book themed achievement-driven casino, extended into the Japanese market) and Pedalada10 (Portuguese-speaking market sportsbook). The company holds dual licenses from the Malta Gaming Authority (MGA, granted 2017) and the UK Gambling Commission (UKGC, acquired 2017) and operates from offices in Ta' Xbiex (Malta, HQ), Plovdiv (Bulgaria, tech hub), Rijeka (Croatia, support and VIP hub) and Serbia (tech operations), employing over 100 staff.

The company is a vertically integrated operator that owns its full iGaming platform, intellectual property and signature affiliate software, integrating content from 35+ premium game providers (Evolution, Microgaming, NetEnt, Play'n GO, Red Tiger, Playson and others) and payment providers spanning cards, e-wallets and regional rails (Visa, Mastercard, Skrill, Neteller, Trustly, Paysafecard, AstroPay, Interac, Sofort). Primary revenue is generated through player wagers on casino games and sports bets (transaction-fee model) across its eight brands, complemented by an affiliate acquisition channel — Condor Affiliates — that pays 25–45% revenue share to partners based on monthly New Depositing Players. Distribution is direct-to-consumer via the owned brand portfolio, with affiliate-driven traffic as the dominant top-of-funnel acquisition source; the company serves over one million registered users across Europe, LATAM and Asia.

Name

Condor Gaming Group

Legal name

Condor Malta Ltd.

Website

https://condorgaminggroup.com

Company type

Private

Founded year

2012

Operating status

Operating

Headcount range

51–100 employees

Short description

Condor Gaming Group is a Malta-based privately held iGaming operator founded in 2012 that owns and operates eight to nine online casino and sportsbook brands under MGA and UKGC dual licensing, serving over one million users across Europe, LATAM and Asia via a proprietary platform and an affiliate-driven acquisition model.

Ownership category

akta.pro rank

Product category

Online Gambling and Sports Betting

NAICS

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

akta.pro primary industry

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

Keywords

• Online casino
• Sportsbook betting
• IGaming platforms
• Affiliate programs
• Gamified gaming

Headquarters

HQ city

Sliema

HQ country

Malta

HQ region

Europe

Offices4 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Online Casino Operations: Operates 8 online casino brands generating revenue from player wagers on casino games including slots, table games, and live casino offerings
2. Sportsbook Operations: Generates revenue from sports betting wagers across multiple brands covering wide array of sports from all over the world
3. Affiliate Program: Revenue-sharing model where Condor Affiliates earns commission based on players referred, with commission rates of 25-45% based on volume of New Depositing Players (NDPs)

Pricing tiers

Go-to-market motion3 records

Distribution channels2 records

Marketing channels1 record

Core offering

Condor Gaming Group operates a portfolio of eight to nine owned and operated real-money online casino and sportsbook brands targeting players worldwide. The company runs these brands on its proprietary iGaming platform and supplements customer acquisition through the Condor Affiliates revenue-share program. Its offering includes slot games, table games, live casino, sports betting, and gamified features such as auctions, level-up systems, tournaments, and loyalty rewards.

Product overview

Condor Gaming Group operates a portfolio of 8+ online casino and sportsbook brands under a unified corporate umbrella. The brands include Tournaverse (space-themed tournament platform), Gambeta10 (LATAM-focused sportsbook), 24Bettle (gamified with mascot Carlos the Bull), b-Bets (sports betting with auction rewards), Big5Casino (African Savanna theme with loyalty levels), Casino Sieger (DACH-focused no-nonsense casino), Rembrandt Casino (luxury VIP experience), LuckyBull (comic book adventure theme), and Pedalada10 (Portuguese market sportsbook). The company holds MGA and UKGC licenses, employs 100+ staff across European offices, and serves over a million users worldwide since its founding in 2012.

Differentiator

Problem solved

Functional benefit

Brands

• Tournaverse: Spatial-themed online casino and sportsbook featuring exclusive daily, weekly, and monthly tournaments with top-notch gamification and spaceflight experience.
• Gambeta10
• 24Bettle
• b-Bets
• Big5Casino
• Casino Sieger
• Rembrandt Casino
• LuckyBull
• Pedalada10

Products and services

• Tournaverse Space-themed online casino and sportsbook offering daily, weekly, and monthly tournaments, gamified progression with the AstroBoy character, level-up Loyalty Points, and daily rewards.
• Gambeta10 Sportsbook and casino brand focused on Latin American markets, with football-centric wagering on sporting events and teams.
• 24Bettle Gamified casino and sportsbook featuring the Carlos the Bull mascot, four selectable modes of play, and more than 100 progression levels.
• b-Bets Sports-oriented online casino and sportsbook featuring casino, live casino, live and virtual sports betting, and a unique BidBets auction system for loyalty rewards.
• Big5Casino African savanna-themed casino and sportsbook featuring five iconic animal mascots and a level-up system rewarding players with Evolution loyalty points.
• Casino Sieger No-nonsense online casino popular in the DACH region, featuring a Build-Your-Bonus option for loyal players.
• Rembrandt Casino Luxury online casino offering premium games, sportsbook, and a Loyalty Boutique with opulent VIP rewards.
• LuckyBull Comic book-themed online casino featuring time-and-space adventure gamification, an interactive achievement system, and Japanese-market availability.
• Pedalada10 Online casino and sportsbook targeting Portuguese-speaking markets, featuring casino, live casino, and sports betting with bonuses and extra rewards.

Quantifiable outcome

• Over 1 million users worldwide
• +2 more outcomes

Segments3 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

17 partnerships are on record, tiered core and minor.

• Altenar GamingcoreTechnology or IntegrationSportsbook platform and game provider partnership providing sports betting software
• PlaysoncoreTechnology or IntegrationPremium game provider supplying casino slot games to Condor brands
• Play'n GOcoreTechnology or IntegrationLeading game provider supplying casino gaming content to multiple brands
• EvolutioncoreTechnology or IntegrationLive casino and gaming content provider for live dealer games
• NetEntcoreTechnology or IntegrationPremium game provider supplying casino games including popular slot titles
• MicrogamingcoreTechnology or IntegrationMajor game provider supplying casino gaming content across brands
• Red TigercoreTechnology or IntegrationGame provider supplying innovative casino slots
• VisacoreTechnology or IntegrationPayment provider enabling card deposits and withdrawals for players
• MastercardcoreTechnology or IntegrationPayment provider enabling card deposits and withdrawals for players
• SkrillcoreTechnology or IntegrationE-wallet payment provider for fast and secure transactions
• NetellercoreTechnology or IntegrationE-wallet payment provider for fast and secure transactions
• TrustlycoreTechnology or IntegrationPayment method provider enabling direct bank transfers
• PaysafecardcoreTechnology or IntegrationPrepaid payment method provider for secure deposits
• AstroPaycoreTechnology or IntegrationPayment provider serving LATAM markets and international transactions
• SlotozillaminorGTM or Marketing PartnerAffiliate partner promoting Condor brands at their websites. Brands are popular among German players.
• SixSlotsminorGTM or Marketing PartnerAffiliate partner promoting Condor brands with casino games and sportsbook offerings
• Casino.helpminorGTM or Marketing PartnerAffiliate partner promoting Condor brands with quick and friendly support via Skype and Email

Scale indicators6 records

Recent moves10 records

Expansion highlights6 records

Emerging players

• EveryMatrix: B2B iGaming platform and software supplier offering turnkey casino, sportsbook, and affiliate platform solutions. Comparable to Condor's technology-stack ownership approach, with similar multi-product platform capabilities serving the iGaming industry.
• White Hat Gaming: B2B iGaming platform provider offering turnkey casino and sportsbook technology to operator clients. Comparable to Condor's proprietary platform capability and content-aggregation approach, though operating on the B2B side rather than running its own consumer brands.
• SkillOnNet: iGaming operator and platform provider running multiple brands (PlayOJO, SlotsMagic, SpinGenie) on a proprietary platform. Directly comparable to Condor's combination of proprietary platform ownership with multi-brand consumer operations.

Direct peers

• Betsson Group: Multi-brand online casino and sportsbook operator with a portfolio of brands (Betsson, NordicBet, CasinoEuro) across European and LATAM markets. Directly comparable to Condor in operating model, multi-brand strategy, and mid-market positioning with proprietary technology.
• Videoslots: Mid-market online casino operator with proprietary platform offering thousands of games from multiple providers. Comparable to Condor in scale, MGA licensing, multi-provider content aggregation strategy, and mid-tier private operator positioning.
• Kindred Group: Multi-brand iGaming operator running Unibet, 32Red, Maria Casino, and other brands across European regulated markets. Comparable to Condor in operating multiple casino/sportsbook brands under unified platform, with similar MGA-style licensing and European geographic focus.
• LeoVegas: Multi-brand mobile-first online casino and sportsbook operator with proprietary technology platform and brands across European and LATAM markets. Comparable to Condor in scale, MGA licensing, brand portfolio approach, and focus on differentiated gaming experience.

Others

• Evolution AB: Dominant provider of live dealer casino content and slot games (via NetEnt, Red Tiger acquisitions) supplying Condor's brands. Listed as a peer because it is a critical supplier to Condor's casino operations and a key dependency for live casino content quality.
• Pragmatic Play: Tier-one iGaming content provider supplying slots, live casino, and bingo games to operator clients including Condor. Listed as a peer because it is one of Condor's core game suppliers and represents the supply-side counterpart to Condor's operator-side business model.
• Relax Gaming: iGaming content provider and aggregation platform supplying slots and casino content to operator clients. Listed as a peer because it operates in the same broader iGaming ecosystem and provides content for platforms similar to Condor's.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/condoraff
• Facebookfacebook.com/CondorGamingCom

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries9 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 Condor Gaming Group