What Wazdan does

Wazdan is a Malta-headquartered, privately held B2B iGaming software developer founded in 2010, specializing in HTML5 cross-platform online casino slot games. The company develops, owns, and licenses a portfolio of 400+ games organized into recognizable series (9 Coins™, Mighty Wild™, Mighty Symbols™, Magic Fruit$™, Hot Slot™, Mighty Crown™, Fenix Play™), differentiated by a proprietary suite of mechanics including Hold the Jackpot™, Cash Infinity™, Volatility Levels™, Chance Level™, Cash Out, Collect to Infinity™, Sticky to Infinity™ and Countdown to Payout™, plus operator-facing promotional tools such as Mystery Drop™ and multi-stage Network Promotions (e.g., the €4,000,000 Wazdan Summer Drop). Game mathematics, feature design and Certified RNG mechanics are developed in-house under Malta Gaming Authority license MGA/B2B/206/2011 and equivalent licenses in 30+ regulated jurisdictions.

The business operates a B2B licensing/royalty model: Wazdan does not sell directly to end players, but rather distributes its content to online casino operators via direct enterprise partnerships with major brands (Caesars Entertainment, FanDuel, bet365, Austrian Lotteries/win2day) and via aggregation platforms such as Light & Wonder that provide reach into the long tail of smaller operators. Go-to-market is enterprise field sales with regional account management (North America, Latin America, Europe) and a strong industry-events presence at ICE, SBC Summits and SiGMA, complemented by an extensive affiliate and media network (AskGamblers, Casino.org, SlotsCalendar, Gamblizard and 30+ others). Specific pricing, license fees and revenue share terms are negotiated bilaterally and are not publicly disclosed.

Wazdan Limited is the primary legal entity (Malta), with operational subsidiaries in Poland (Wazdan Solutions Sp. z o.o. and Wazdan Services Limited Sp. z o.o. Oddział w Polsce, the latter a branch handling recruitment and HR). The company is founder/management-owned with no disclosed external venture or private equity investment, no subsidiaries, and no M&A activity in the input data. Leadership is led by CEO Michal Imiolek, with CCO Andrzej Hyla driving commercial activity; the firm holds 101-250 employees and continues to expand its regulated-market footprint, with recent 2026 commercial launches on FanDuel (Pennsylvania), Caesars (West Virginia), bet365 (exclusive pre-launch) and market entries into Austria, Switzerland and Portugal.

Name

Wazdan

Legal name

Wazdan Limited

Website

https://wazdan.com

Company type

Private

Founded year

2010

Operating status

Operating

Headcount range

101–250 employees

Short description

Wazdan is a Malta-based, privately held B2B iGaming software developer that designs, owns and licenses a 400+ portfolio of HTML5 online casino slot games and promotional tools (including Hold the Jackpot™, Cash Infinity™ and Mystery Drop™) to online casino operators and aggregators across 30+ regulated jurisdictions worldwide.

Ownership category

akta.pro rank

Product category

Online Casino Game Software

NAICS

Gambling Industries (7132), Other Gambling Industries (71329)

akta.pro primary industry

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

Keywords

• Online slot games
• Casino game developer
• IGaming software
• Promotional tools
• HTML5 casino games

Headquarters

HQ city

Valletta

HQ country

Malta

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. Game Licensing to Casino Operators: Wazdan licenses its portfolio of 400+ casino games to online casino operators. Revenue is generated through licensing agreements with casino brands, aggregating platforms, and regulated market operators. The company operates B2B, providing games to operators who offer them to end players.

Go-to-market motion2 records

Distribution channels4 records

Marketing channels6 records

Core offering

Wazdan develops and licenses a portfolio of 400+ cross-platform HTML5 online casino slot games to licensed casino operators under B2B licensing and revenue-share agreements. Its games are built on proprietary mathematical models and feature trademarked mechanics such as Hold the Jackpot™, Cash Infinity™, Volatility Levels™, and Chance Level™. The company also offers standalone promotional tools (Mystery Drop™, Mystery Multiplier™ Drop) and network-wide promotional campaigns that operators integrate without affecting base game RTP.

Product overview

Wazdan is a gain-focused online casino game developer offering a portfolio of 400+ cross-platform slot games across multiple regulated markets. The core offering consists of proprietary slot titles organized into recognizable series (Coins™ including 9 Coins™ and its editions, Mighty Wild™, Mighty Symbols™, Magic Fruits™, Hot Slot™, Fenix Play™, and Mighty Crown™) complemented by promotional tools (Mystery Drop™, Mystery Multiplier™ Drop, Network Promotions) and proprietary game mechanics (Hold the Jackpot™, Cash Infinity™, Chance Level™, Volatility Levels™, Cash Out, Collect to Infinity™, Sticky to Infinity™, Countdown to Payout™). The portfolio supports operator partners through engagement-driven features designed to boost retention and revenue.

Differentiator

Problem solved

Functional benefit

Brands

• Gain Online: Wazdan's online casino gaming platform and product line.
• 9 Coins Series
• Mighty Wild Series
• Mighty Symbols Series
• Magic Fruits Series
• Hot Slot Series
• Mighty Crown Series
• Fenix Play Series

Products and services

• Wazdan Slot Games Portfolio Portfolio of 400+ cross-platform HTML5 online casino slot games built on proprietary mathematical models and featuring trademarked mechanics such as Hold the Jackpot™, Cash Infinity™, Chance Level™, Volatility Levels™, Cash Out, Collect to Infinity™, Sticky to Infinity™, and Countdown to Payout™. Licensed to online casino operators under B2B agreements.
• 9 Coins™ Series Top-performing slot game series featuring coin-collection mechanics and Hold the Jackpot™ bonus rounds. Includes 9 Coins™, 9 Coins™ Grand Platinum Edition, 9 Coins™ Grand Diamond Edition, 9 Coins™ Grand Gold Edition, and 9 Coins™ Extremely Light. Multiple award nominations include Game of the Year (IGA 2023) and Online Slot of the Year (Global Gaming Awards 2023).
• Mighty Wild™ Series Series of slots featuring Collector mechanics, dual bonus options (Free Spins and Hold the Jackpot™), and Grand Jackpot mechanics up to 2500x. Titles include Mighty Wild™: Gorilla, Mighty Wild™: Panther, Mighty Wild™: Jaguar, and Mighty Wild™: Panther Grand Diamond Edition.
• Mighty Symbols™ Series Series featuring giant symbol mechanics and Hold the Jackpot™ bonuses. Titles include Mighty Symbols™: Jokers, Mighty Symbols™: Crowns, Mighty Symbols™: Sevens, and Mighty Symbols™: Diamonds, with max wins up to 2500x.
• Magic Fruit$ Series Fruit-themed slots combining classic visuals with modern mechanics. Includes Magic Fruit$: Cherries, Magic Fruit$: Oranges, and Magic Fruits Dice, featuring Countdown to Payout™, Hold the Jackpot™, and Chance Level™.
• Mighty Crown™ Series Adventure-themed slot series featuring empire and ancient wealth themes. Titles include Mighty Crown™: Empire of Gold and Mighty Crown™: Legacy of Mars.
• Mystery Drop™

Quantifiable outcome

• €4,000,000 total gain offered across Wazdan Summer Drop network promotion campaign
• +3 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature13 records

Partnerships

Ten partnerships are on record, tiered core and minor.

• FanDuelcoreChannel Partner/ Reseller/ Distributor · 9 June 2026Wazdan strengthened its presence in the US market with launches on FanDuel platforms. The partnership expands Wazdan's North American footprint, with games available in Pennsylvania and other key regulated markets through the FanDuel platform.
• YoBingo.ptminorChannel Partner/ Reseller/ Distributor · 9 June 2026Wazdan expanded its presence in Portugal through a partnership with YoBingo.pt, bringing its game portfolio to Portuguese players.
• CasineominorChannel Partner/ Reseller/ Distributor · 9 June 2026Wazdan strengthened its presence in Switzerland with the launch on Casineo platform.
• win2day (Austrian Lotteries)coreChannel Partner/ Reseller/ Distributor · 27 March 2026Wazdan entered the Austrian iGaming market through a partnership with win2day, Austria's only licensed online casino operator. The partnership makes a selection of Wazdan slot titles—including 9 Coins™, Hot Slot™: 777 Cash Out, and Mighty Wild™: Panther—available to Austrian players. The developer plans to introduce one new title monthly as part of a phased rollout strategy, while also bringing its proprietary features such as Hold the Jackpot™ and Cash Infinity™ to the platform. win2day is operated by Austrian Lotteries, which has over four decades of experience as the sole licensed online casino operator in Austria.
• Casino InterlakenminorChannel Partner/ Reseller/ Distributor · 23 March 2026Wazdan strengthened its Swiss market presence through a partnership with Casino Interlaken.
• Maverick Games / Green Brick LabsminorChannel Partner/ Reseller/ Distributor · 9 March 2026Wazdan launched a partnership with Green Brick Labs through Maverick Games to expand its reach in Ontario, Canada.
• bet365coreChannel Partner/ Reseller/ Distributor · 1 March 2026Wazdan partnered with bet365 for the pre-launch exclusive release of Magic Fruit$: Oranges, making the new title available exclusively through bet365 before wider distribution.
• Fanatics CasinominorChannel Partner/ Reseller/ Distributor · 17 February 2026Wazdan went live with Fanatics Casino in West Virginia, expanding its presence in the US regulated market.
• Light & WondercoreChannel Partner/ Reseller/ Distributor · 18 December 2025Wazdan expanded in the US market via Light & Wonder's aggregation platform, which facilitated the launch of Wazdan gaming titles on Caesars Entertainment's online casino platforms in West Virginia. The aggregation platform enables broader distribution of Wazdan content to multiple operator brands.
• Caesars EntertainmentcoreChannel Partner/ Reseller/ DistributorWazdan launched its gaming titles on Caesars Entertainment's online casino platforms including Caesars Palace Online Casino, Horseshoe Online Casino and Caesars Sportsbook & Casino in West Virginia. Players can access Wazdan's top-performing releases including 9 Coins Grand Gold Edition, Magic Spins and Hot Slot: 777 Crown. This expansion marks another step in Wazdan's North American growth strategy following prior deployments in Michigan, New Jersey and Pennsylvania.

Scale indicators2 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Play'n GO: Malta/Sweden-based B2B online slot studio licensing HTML5 casino games to operators across many regulated jurisdictions, directly comparable in product, model and target customer.
• ELK Studios: Boutique online slot developer licensing mobile-first casino games to operators across regulated jurisdictions, comparable in scale and studio model to Wazdan.
• Hacksaw Gaming: Fast-growing online slot and scratch-card studio supplying mechanic-driven games to operators via aggregators, mirroring Wazdan's hit-driven, feature-led content approach.
• Push Gaming: B2B HTML5 slot developer licensing engagement-focused games to online casino operators in regulated markets, a direct peer on content and business model.
• Yggdrasil Gaming: B2B online casino game studio supplying slots and promotional/engagement tools to operators, comparable on both content and operator-facing promo offerings.
• Relax Gaming: Slot studio and content aggregator supplying its own and third-party games to operators, overlapping with Wazdan in content creation and B2B distribution.
• Nolimit City: Online slot studio known for distinctive proprietary mechanics distributed B2B to regulated casino operators, closely comparable to Wazdan's differentiated-mechanic strategy.
• Big Time Gaming: Slot studio famed for proprietary mechanics (Megaways) licensed B2B to operators, paralleling Wazdan's trademarked-mechanic differentiation.

Broad incumbents

• Pragmatic Play: Leading B2B iGaming content supplier of slots, live casino and bingo to online operators across regulated markets; the dominant direct comparable to Wazdan's slot-studio model at far greater scale.
• Evolution (incl. NetEnt/Red Tiger): Large listed iGaming supplier whose NetEnt and Red Tiger RNG slot brands compete directly with Wazdan content, while spanning a much broader live-casino and platform portfolio.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/c/WazdanGames
• Facebookfacebook.com/wazdangames
• LinkedInlinkedin.com/company/wazdan
• Instagraminstagram.com/wazdangames
• Xx.com/WazdanGames

Compliance8 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 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 Wazdan