Cayetano Gaming

History

Cayetano Gaming was founded in 2009 in Sofia, Bulgaria, by two entrepreneurs who sold their previous online betting business to a major UK-listed company and used the proceeds to launch a new casino software venture. Within two years, the fledgling studio caught the attention of Paddy Power, which acquired it in 2011. Since then, Cayetano has expanded its game library from a handful of slots to more than 100 premium titles, all built on a proprietary technology stack emphasizing rich graphics, immersive audio, and engaging math models. The studio operates as a wholly-owned unit within Flutter Entertainment plc, developing content for both Flutter brands and external partners.

Business Model

Cayetano generates revenue through licensing its games to operators, with estimated annual revenue of US$25-50 million. The company is profitable as a studio within a larger group. It distributes its content through multiple internet channels, including the Flutter Studios Portal which aggregates its games for internal Flutter brands such as Paddy Power, Betfair, and Sportsbet. The studio also works with external operators, claiming partnerships with some of the biggest gaming operators globally.

Products

Cayetano’s product range is diversified beyond slots. It offers a complete suite of table games (multiple Blackjack and Roulette variants), video poker, scratch cards, and novelty mini-games. All titles are designed to work seamlessly across desktop and mobile browsers with no download required. Recent releases include Piggy Riches, Bison Rising, and Irish Charms. The studio’s video slots are built with proprietary mathematics, graphics, and sound.

Market Position and Licensing

Cayetano states that its games are used by some of the most successful gaming operators, supported by its presence on at least 100 websites and with 25 operators. The studio’s games are certified by multiple jurisdictions, including the UK Gambling Commission (via Flutter’s licences) and the Malta Gaming Authority. The company holds ISO 27001 certification for information security and adheres to responsible gambling guidelines.

Leadership and Structure

The leadership of Cayetano Gaming is not publicly detailed on its own website, likely because it operates as a unit under Flutter’s regional structure. Key product and commercial decisions are made locally in Sofia, with ultimate oversight from Flutter’s senior management. No independent online source confirms a dedicated CEO, CTO, CCO, or COO for Cayetano Gaming alone. A single mention on highperformr.ai incorrectly suggests Dennis Woodside as CEO, but this is contradicted by official Flutter materials where he serves as President of the group. Therefore, no specific individuals are listed for C-level roles.