FAZI doo

Company History and Founding

FAZI doo was founded on July 5, 2005 in Belgrade, Serbia, by Bojan Mitic who remains the CEO and majority owner. The company started as a land-based casino equipment manufacturer and gradually expanded into the online gaming space. Over nearly two decades, FAZI has grown from a local supplier into an international B2B technology provider, now serving over 2,500 operators in more than 60 countries. The company has maintained its headquarters in Belgrade, with a workforce of approximately 262 employees as of 2024.

Business Model and Revenue

FAZI operates exclusively as a B2B supplier, providing hardware, software, and services to licensed gaming operators. It does not run any consumer-facing gambling operations. The company generates revenue through the sale of land-based equipment (electronic roulette stations, slot cabinets) and through recurring licensing fees for its online casino game portfolio and iGaming platform. In 2024, FAZI reported a 17.98% increase in net sales revenue and 18.92% growth in total assets, indicating a healthy financial trajectory. The company also earns from value-added services such as localization, translation, and 24/7 technical support.

Product Portfolio

FAZI’s land-based product line includes the Titan Plus and Optimum Plus electronic roulette stations, both featuring dual-sided 65-inch information displays and 27-inch touch screens, designed for premium casino floors. The King Master multi-game slot machine blends popular online titles with classic Novomatic games and an optional Mystery Jackpot. On the online side, FAZI offers a library of over 600 casino games – slots, table games, and live dealer titles – all optimized for cross-device play. The company also provides a full iGaming platform that aggregates games, handles integration, and delivers localization for 60+ markets.

Market Position and Competition

FAZI competes with larger iGaming suppliers such as Novomatic, IGT, and Evolution Gaming, but differentiates itself through vertical integration – from hardware manufacturing to game content – and a focus on emerging markets. The company has cultivated long-term partnerships across Europe, Africa, and Asia, and maintains a strong presence at major industry trade shows. Despite a smaller headcount compared to industry giants, FAZI’s ability to offer a complete ecosystem (hardware, software, and support) gives it a competitive edge, especially for operators seeking a single vendor solution.

Licensing and Regulation

FAZI holds multiple international gaming licenses, allowing it to supply regulated markets worldwide. The company emphasizes regulatory compliance and has recently certified its products for the Georgian market, announced in April 2026. This certification marks a strategic expansion into the Caucasus region. FAZI’s B2B-only model ensures that all its offerings are tailored to licensed operators who are responsible for end-user compliance. The company’s terms of use explicitly state its role as a technology supplier, not an operator.

Recent Developments and Outlook

In addition to the Georgian market entry, FAZI has strengthened its presence in Africa through partnerships and participation in events like the iGaming Africa conference. The company earned the 'Full Family Friendly Enterprise' certificate, reflecting its family-run culture. With ongoing investments in product development and global certifications, FAZI aims to extend its reach further across regulated and emerging markets. The company’s financial performance and expanding operator base suggest a solid growth trajectory in the competitive iGaming supply sector.