RAW iGaming

History

RAW iGaming was founded in March 2021 by Tom Wood, a long‑time iGaming executive who previously served in senior product and technology roles at other industry firms. The company launched with a clear mission to deliver “raw”, unfiltered creativity in game design, targeting operators seeking a distinctive player offering. From the outset, RAW iGaming adopted a strict B2B model, developing and licensing gambling‑related technology, software, and content exclusively to regulated operators. In January 2022, the company appointed Ricardo Ruiz as Chief Technology Officer and Henrik Fagerlund as Chief Operating Officer, bringing deep technical and operational expertise to professionalise the studio’s internal capabilities as its portfolio grew.

Business Model

RAW iGaming operates solely as a B2B supplier, never accepting wagers from consumers. Its revenue comes from licensing its proprietary slot games and platforms to regulated operators. The company’s technology stack includes the BetGuard Remote Game Server (RGS), which enables seamless integration by third‑party operators, and the RAWVerse, a dedicated online environment hosting social‑casino and real‑money game modes, including the world’s first real‑money Yatzy peer‑to‑peer game. The acquisition of Leander Games in 2024/2025 added a mature library of slot titles and established operator relationships, signalling an appetite for scaling through consolidation.

Products and Platforms

RAW iGaming’s core offering includes a growing library of original casino slot games built on a proprietary mathematical engine, designed to deliver high‑volatility, feature‑rich experiences. The BetGuard RGS acts as the distribution backbone, powering integrations with partners such as OddsWorks in North America. The RAWVerse platform blends social‑casino and real‑money play, with unique peer‑to‑peer game modes. The Leander Games portfolio brings additional slot titles and partner networks into the fold. The company has also secured integration with the SOFTSWISS Game Aggregator, giving its games reach across hundreds of operator brands.

Market Position and Partnerships

Despite being a relatively new entrant, RAW iGaming has built a reputation for creativity and mathematical innovation. Key partnerships include a 2025 distribution deal with OddsWorks to bring content to the North American regulated market via the BetGuard RGS, and integration with the SOFTSWISS aggregator, expanding its global footprint. The acquisition of Leander Games in 2024 illustrates an active M&A strategy to accelerate scale. The company operates from multiple offices in Malta, Spain, UK, and Argentina, maintaining a lean, senior‑led team. Licensing details are not explicitly public, but as a supplier to regulated operators, RAW iGaming complies with the regulatory frameworks of the jurisdictions in which its partners operate, and its corporate entity, RAW Group, is governed by Maltese law.

Recent Strategic Direction

In 2024, RAW iGaming publicly revealed an appetite for mergers and acquisitions, exemplified by the Leander Games purchase. The company continues to focus on delivering high‑differentiation content and expanding its distribution network. As of early 2026, RAW iGaming remains bootstrapped, with no external funding rounds disclosed. Headcount is not publicly available, but the company’s lean structure and senior leadership team suggest a focused, growth‑oriented approach.