What Endorphina does

Endorphina Limited is a privately held B2B iGaming software provider specializing in online slot games, incorporated and headquartered in Ta' Xbiex, Malta, with the company operating from a team of 11-50 employees across its portfolio. The company develops HTML5/WebGL-based slot games built on certified Random Number Generator (RNG) technology, with a portfolio of more than 200 titles spanning fruit classics, adventure, fantasy, ethnic, oriental, luxury, and sports themes. Core mechanics include Hold and Win, Jackpot Collecting, Free Games with multipliers up to x100, the signature Classic Risk Game (allowing players to gamble and double winnings up to 10x), Bonus Pop (bonus-buy access), and a proprietary Wild Accumulator system. Games are tested and certified by Gaming Labs International (GLI) and the company holds ISO 9001 and GamCare certifications.

Endorphina generates revenue through B2B slot-game licensing and royalty-style deployment agreements with licensed online casino operators and platform providers. The company does not sell to end consumers directly; instead, it pursues a dual GTM motion combining distribution through major iGaming aggregators and platform providers (SOFTSWISS, Slotegrator, EveryMatrix, BetConstruct, Relax Gaming, Light & Wonder, GiG, Hub88, BRAGG) with direct enterprise relationships to tier-1 operators (Bet365, Flutter/PokerStars/FanDuel, Stake, Entain, Superbet, NetBet, Lottomatica). Pricing is quote-based, negotiated per market and operator, with multi-year contract structures typical of B2B gaming licensing.

The company is regulated by the Malta Gaming Authority under license MGA/B2B/404/2017 and has built a regulatory footprint spanning 50+ jurisdictions across Europe, Latin America, Africa, the Middle East (UAE, 2026), and North America (Ontario, 2025). Recent strategic activity has been weighted toward expansion into newly regulated markets and high-profile brand-building via industry awards and innovative marketing campaigns.

Name

Endorphina

Legal name

Endorphina Limited

Website

https://endorphina.com

Company type

Private

Founded year

2012

Operating status

Operating

Headcount range

11–50 employees

Short description

Endorphina is a Malta-based B2B iGaming software provider that develops and licenses a portfolio of 200+ certified HTML5/WebGL slot games to online casino operators and platform aggregators across 50+ regulated jurisdictions.

Ownership category

akta.pro rank

Product category

Online Casino Slot Game Software

NAICS

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

akta.pro primary industry

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

akta.pro secondary industry

Game Aggregation, Content Distribution & RGS (Remote Game Servers) (MPAEAKAG)

Keywords

• Online slot games
• IGaming software
• Casino game provider
• Slot game development
• B2B gaming platform

Headquarters

HQ city

Prague

HQ country

Czechia

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. B2B Slot Game Licensing: Endorphina licenses its slot games to online casino operators and platform providers. Games are integrated through aggregators and direct operator partnerships, with revenue generated through licensing fees and game deployment agreements with certified RNG technology.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

Endorphina develops, certifies, and licenses online slot games to online casino operators and platform aggregators. The company offers a portfolio of 200+ HTML5/WebGL slot titles with certified RNG technology across multiple game mechanics (Hold and Win, Bonus Pop, Wild Accumulator, Jackpot Collecting, Free Games with multipliers, Classic Risk Game) and themes (fruit classics, adventure, fantasy, ethnic, sports, luxury). Games are distributed globally to licensed operators across 50+ regulated jurisdictions.

Product overview

Endorphina is a modern iGaming software provider specializing in online slot games. The company offers a portfolio of 200+ slot game titles across various themes including fruit classics, adventure, fantasy, ethnic, oriental, and luxury themes. Their product lineup features core slot games (Fortune Chests, Thunder Crown, Crown Coins, Joker Stoker, Hell Hot 100, Lucky Streak 3, Power Balls, 2025 Hit Slot, Red Cap, Football, Gems & Stones, 4 Of A King, Urartu, Ninja, Undine's Deep) enhanced with platform features including Hold and Win mechanics, Jackpot Collecting systems, Free Games with various modifiers (Guaranteed Wilds, Expanding Wilds, Multipliers up to x100), Classic Risk Game for doubling wins, and Bonus Pop for direct bonus purchase. Games are available across 50+ regulated jurisdictions including newly licensed markets (UAE, Ontario) and support tournament mechanics for casino operator marketing campaigns.

Differentiator

Problem solved

Functional benefit

Products and services

• Fortune Chests 3-reel, 3-row fruit slot with 5 fixed paylines featuring Wilds and three bonus games (Pick Me, Hold and Win, Jackpot Collector) and a Classic Risk Game, licensed to online casino operators.
• Thunder Crown 5-reel, 5-row fruit slot with 50 fixed paylines featuring Wilds, Free Games with guaranteed Wild symbols, Thunder Hold Bonus Game, Lucky Time feature, and Classic Risk Game, licensed to casino operators.
• Crown Coins 3-reel, 3-row classic fruit slot with 5 fixed paylines featuring Wilds, a Royal Treasury Bonus Game with special symbols triggering 4 different jackpots, and Classic Risk Game.
• Joker Stoker 5-reel, 4-row slot with 40 fixed paylines featuring a fiery fruit theme with joker character, Bonus-Pop, and Free Game features.
• Hell Hot 100 Flaming 5-reel, 4-row slot with 100 fixed paylines featuring fiery fruit theme with Risk Game offering up to 10x wins.
• Lucky Streak 3 Classic 3-reel, 3-row fruit slot with 5 paylines featuring flaming symbols, simple gameplay, and a Risk Game to double wins.
• Druid's Fortune Adventure slot featuring mystical druids, magical crystals, Hold and Win, and Jackpot Collecting mechanics, released in 2026 for online casino operators.
• Chance Machine 90s Retro 90s-inspired online slot featuring Hold and Win, Bonus Pop, Free Games, and jackpot features, released in 2026.
• Fortune Bankers Online slot featuring lucky pig bankers, bonus features, Free Games, and jackpots, released in 2026.
• Football 2026 Sports/football-themed online slot featuring stadium lights, Free Spins, Hold and Win, Bonus Pop, and jackpot features, released in 2026.
• Sloth Game Cartoon-themed online slot featuring smiling sloths in a colorful jungle scene, released in 2026.
• Lucky Streak 1000 Dice Dice-themed online slot game in the Lucky Streak series, released in 2026.
• Burning Coins 100 Coming-soon 5-reel, 4-row hot-shot online slot with 100 fixed paylines featuring Jackpot Collecting, Pile Feature, Hot Hold Boost, Collector, and Extended Bonus Games.
• Power Balls 6-reel, 5-row cascading reel slot with scatter payouts featuring Power Crew characters, Free Games with Extra Multipliers up to x100, and Classic Risk Game.
• 2025 Hit Slot Theatrical-themed 5-reel, 4-row online slot with 100 fixed paylines featuring Gold Scatter Coins, Coin Cascade Bonus, Hit Win Jackpot Bonus Game with ULTRA Jackpot of 2025x total bet, and Classic Risk Game.
• Red Cap 5-reel, 3-row adventure slot with 20 paylines based on the Little Red Riding Hood fairy tale featuring Wilds, Free Games with Expanding Wild feature, Classic Risk Game, and Bonus Pop.
• Sparkling Fresh Classic fruity-themed 5-reel online slot with 5 paylines featuring fruit symbols immersed in soda, Scatters, and Classic Risk Game.
• Football Sports-themed 5-reel slot with 21 paylines featuring football characters, Free Games with multipliers, and Classic Risk Game.
• Gems & Stones Luxury-themed online slot with 10 paylines featuring precious gem symbols, Free Games with Special expanding symbol, and Classic Risk Game.
• 4 Of A King Classic casino-themed online slot with Wilds that spread to adjacent positions, offering an old-school gaming experience with Classic Risk Game.
• Urartu Ethnic-themed online slot based on the ancient Urartu kingdom featuring Wilds, Free Games with x3 multiplier, and Classic Risk Game.
• Ninja Oriental-themed 5-reel, 3-row slot with 20 fixed lines featuring Wild Accumulator system, Free Games with Black Ninja feature, multipliers up to x8, Classic Risk Game, and Bonus Pop.
• Undine's Deep Mystical underwater-themed slot featuring mermaid characters and ocean creatures with cascading mechanics and Free Games features.

Quantifiable outcome

• Games certified in 50+ regulated jurisdictions worldwide
• +1 more outcomes

Named customers4 records

Segments2 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

15 partnerships are on record, tiered core.

• NetBetcoreChannel Partner/ Reseller/ Distributor · 2 June 2026NetBet reinforced its collaboration with Endorphina to enhance their Italian casino portfolio with games including Crown Coins, Lucky Streak 1000, and Burning Coins 20. NetBet's regional manager expressed pride in having NetBet as a top-tier operator in their portfolio.
• InPlaySoftcoreChannel Partner/ Reseller/ DistributorEndorphina announced a new B2B business alliance with InPlaySoft to expand access to premium online slot games in Brazil.
• SOFTSWISScoreTechnology or IntegrationMajor iGaming platform provider offering Endorphina games through their aggregation platform
• SlotegratorcoreTechnology or IntegrationPlatform aggregator integrating Endorphina's game portfolio for distribution to operator clients
• BetConstructcoreTechnology or IntegrationPlatform provider offering Endorphina games through their casino platform
• Relax GamingcoreTechnology or IntegrationPlatform provider distributing Endorphina content through their aggregation network
• Light&WondercoreTechnology or IntegrationMajor gaming platform provider featuring Endorphina games
• EveryMatrixcoreTechnology or IntegrationPlatform aggregator integrating Endorphina games for their operator clients
• Flutter (PokerStars, FanDuel)coreChannel Partner/ Reseller/ DistributorOne of the largest global gaming groups featuring Endorphina content
• EntaincoreChannel Partner/ Reseller/ DistributorMajor iGaming operator group featuring Endorphina games
• StakecoreChannel Partner/ Reseller/ DistributorLeading crypto casino operator featuring Endorphina games
• Bet365coreChannel Partner/ Reseller/ DistributorMajor global operator featuring Endorphina games
• SuperbetcoreChannel Partner/ Reseller/ DistributorEuropean operator featuring Endorphina games
• GiGcoreTechnology or IntegrationPlatform provider integrating Endorphina games
• LottomaticacoreChannel Partner/ Reseller/ DistributorItalian operator featuring Endorphina games

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Play'n GO: Play'n GO is a Swedish-origin slot game studio with 200+ premium slots distributed globally to licensed operators - directly comparable portfolio breadth, B2B licensing model, and regulated-jurisdiction coverage as Endorphina.
• Thunderkick: Thunderkick is a Swedish slot studio with a similar-sized portfolio of niche, design-led slot games distributed to operators via aggregators - comparable mid-sized B2B slot studio profile.
• Yggdrasil Gaming: Yggdrasil is a slot-focused iGaming content publisher with proprietary mechanics (GEMs) and a global distribution network via partner aggregators - comparable B2B slot licensing model and Malta incorporation.
• Pragmatic Play: Pragmatic Play is a leading multi-product iGaming provider offering a large portfolio of slot games, live casino, and bingo distributed to operators via a single API - closely comparable B2B content licensing model and global jurisdiction breadth as Endorphina.
• Nolimit City: Nolimit City is a slot-focused B2B content studio known for high-volatility branded mechanics like xMechanics, distributing through aggregators - directly comparable slot-studio B2B model targeting the same operator customer base.
• Push Gaming: Push Gaming is a slot-first B2B studio focused on premium content with viral hits distributed globally to operators - comparable pure-slot B2B model and similar MGA-regulated positioning.
• Hacksaw Gaming: Hacksaw Gaming is a Malta-based B2B slot and instant-win content provider distributing via aggregators and direct to operators - comparable slot-only B2B studio profile and same Maltese regulatory base as Endorphina.
• BGaming: BGaming is a Curaçao-licensed slot and casual game content studio distributed to crypto and fiat operators worldwide - comparable B2B slot game licensing model and broad global reach.
• Wazdan: Wazdan is a Malta-based B2B slot studio with a comparable portfolio size and proprietary features (Hold the Jackpot, Volatility Levels), distributed via aggregator partnerships - closely comparable slot-studio profile.

Broad incumbents

• Evolution (NetEnt): Evolution operates NetEnt as a premium slot brand alongside its dominant live-casino business - comparable slot content offering and B2B licensing, but Evolution is a far larger diversified iGaming incumbent and a tier-1 competitor to mid-sized slot studios including Endorphina.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/EndorphinaGaming
• LinkedInlinkedin.com/company/endorphina
• Xx.com/EndorphinaGames

Compliance7 records

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 Endorphina