Spinola Gaming has created a new jackpot insurance product it says will give casino game suppliers access to the biggest available jackpots.
According to the company, the upfront fees and minimum guarantee expenses normally associated with jackpot insurance has long been a big barrier to market for most operators. This makes it harder for operators, especially those still trying to establish themselves, to compete with those offering substantial jackpots and prizes.
Spinola Gaming’s Apex allows huge jackpots to be added to already existing games and products, and also those still in development, without any minimum guarantees or upfront fees. Apex was created specifically for casino providers wanting to amplify their content with the biggest jackpots currently available in the iGaming industry.
“The existing gaming market is extremely saturated with games offering more or less the same level of prizes, and it has become increasingly harder for suppliers and operators to differentiate themselves from the competition,” said Ade Repcenko, founder and CEO of Spinola Gaming. “What we are offering is a way for them to up their game, and compete for players in a whole new way, by giving them the highest jackpots the industry has ever seen, without the risk. Apex can be integrated into any game, instantly increasing the potential prize win to any amount up to €250 million. This provides a huge opportunity for operators who have been unable to offer such jackpots without adequate liquidity or uncertainty around game volumes.”
He called Apex “a huge development in the iGaming industry that is set to revolutionize casino jackpots as we know them.”
