GoldenRace made its name in betting shops, not casino lobbies. It has been building virtual football, video races, number games and, more recently, crash games since 2006, and the Goldenrace casinos in our database often put them in a virtual sports tab rather than next to the slots.
This page lists those casinos and explains what GoldenRace actually makes, who licenses it, how its crash games work and what to check before you bet.
Reviewed byFred AndersonWhat does Goldenrace make?
GoldenRace is a Malta registered B2B supplier founded in 2006 by Martin Wachter. It makes virtual sports such as 3D football, animated and pre-recorded races and Real Fighting, number games like Spin2Win and keno, crash games including Fire Crash, and since August 2026 a slot category called G-Spin. It holds a Malta Gaming Authority B2B licence and UK Gambling Commission licences.
Twenty Years of Betting Shop Screens
What Runs on the Virtual Schedule at Goldenrace Casinos
Five Crash Games Built for Goldenrace Casinos and Shops
Malta, Britain and Beyond: Regulators Behind Goldenrace Casinos
G-Spin, Hit&Win and Live Games: the Newer Shelves
To understand GoldenRace, picture the screens on a betting shop wall rather than a casino lobby. The company was founded in 2006 by Martin Wachter, who is still its CEO, and it made its name with virtual sports for retail betting. Today it says its software runs in more than 60,000 shops and on more than 500 websites, and that it handles over 25 million tickets a day.
The business is registered in Malta. The website is run by Softquo Holding Ltd and its subsidiaries in Valletta, and the same group includes Spinmatic, the slot studio that shares GoldenRace’s Malta licence. If you have browsed the Spinmatic casinos on our site, you have already met the family.
The shop roots still show. GoldenRace lists Fire Crash, launched in 2023, as its first crash game for retail, a virtual football version for shops followed in 2025, and its crash games carry a Range Booster option meant for retail players. Online play is only half of what this company does, and the Goldenrace casinos in our list are that online half.

Virtual sports are the core of the catalogue and the first thing most players meet at Goldenrace casinos. A virtual match or race looks like a broadcast, but the result comes from the game, not from real athletes, and events follow each other on a fixed schedule or instantly at the press of a button.
The flagship. GoldenRace says it recorded 30 professional players with motion capture for its 3D football animation, and its virtual sports cover more than 30 leagues and tournaments.
Animated horse racing, dog racing, speedway and motorbikes sit next to pre-recorded video of real races, which run around the clock.
Real Fighting blends high definition video with 3D settings, features 16 professional fighters and runs bouts of up to five rounds, with a Victory Combo bet on a result for each round. 3×3 Basketball uses footage of real players and allows a cash out in the final minute. Both are instant games with a skip option, so you can jump straight to the result. If you want to compare formats, Kiron Interactive is the other big virtual sports name on our site.
If roulette is your thing, Spin2Win is the GoldenRace game that will feel most familiar. It is a wheel game that the company relaunched in December 2025 in four variants: Classic, Royale with an extra wheel of sectors, American with its double green, and American Royale. You can play it in an instant mode with autoplay or in a scheduled mode with a multiplier feature. Keno and a live lotto game complete the number shelf. All of them are quick and endlessly repeatable, so set a budget before you start.
GoldenRace moved into crash games in 2022. The idea is the same as in every crash title: a multiplier climbs, you cash out whenever you like to keep your stake times the multiplier, and if the round ends before you do, the bet is lost.


What changes is the dressing. Fire Crash is set in space with a top multiplier of 1,000x, and SlotCatalog lists its RTP at 92%. Danfo Crash takes its theme from the yellow danfo buses of Lagos, Boom Ball Juggle is a football game, Jet Escape follows an aircraft and Meteoroid sends an asteroid across the screen. Most of them offer auto cash out, several bets per round, round history and a view of other players’ bets.
A 92% return is low next to most slots, and crash rounds at Goldenrace casinos last seconds. Set an auto cash out and a session budget before the first round, and stop when the budget is gone.
For a B2B supplier, GoldenRace is unusually easy to trace, and its licences follow its path through Europe.
| Regulator | Licence holder | What we found |
|---|---|---|
| Malta Gaming Authority | Softquo Holding, Spinmatic and Virtual Gaming Technologies | Corporate B2B licence MGA/CRP/320/2016, issued 20 October 2016 |
| UK Gambling Commission | Softquo Holding Limited, account 50943 | Remote licences for virtual events betting, gambling software, bingo and casino, active since 23 August 2018 |
| Spain and Sweden | GoldenRace | Licences obtained in 2020, according to the company’s timeline |
| Greece | GoldenRace | Live in the Greek market since 2021 |
The four UK licences were listed as active on the Gambling Commission’s public register when we checked it for this page. Back in 2016, trade press reported that the Malta licence made GoldenRace the first virtual sports developer with a Maltese Class 4 licence. Useful background, but none of it replaces the licence of the casino you actually play at.
For most of its life GoldenRace left slots to its sister studio. That changed in August 2026 with G-Spin, its first dedicated slot category.

The first ten G-Spin titles come in five groups and include names Spinmatic fans will recognise, such as Plata o Plomo Deluxe, Poseidon and Elemental Fusion Deluxe, alongside Pinky Plinko, Frank Panthera and 9 Masks of Voodoo. It is early days, so do not expect every one of the Goldenrace casinos to carry G-Spin yet.
Hit&Win is the other new arrival, launched in early 2026 with Arcade Heist and Fortune Fighters as its first two titles. Live games complete the picture, and GoldenRace names TVBET as its live game partner.
The list at the top of this page shows the open Goldenrace casinos in our database, with closed and blacklisted casinos left out. The games can sit in a virtual sports section of the sportsbook, in the casino lobby or in both, so have a look around once you are logged in.
Then run through the same checks you would for any studio in our game provider hub:

No, but they are close relatives. Both sit in the same Malta group and share the MGA B2B licence MGA/CRP/320/2016. Spinmatic makes slots and other casino games, while GoldenRace focuses on virtual sports, number games and crash games.
Yes. Softquo Holding, the company behind GoldenRace, holds a Malta Gaming Authority corporate B2B licence and UK Gambling Commission remote licences under account 50943. The casino you play at still needs its own licence for your country.
In 2006. Its founder, Martin Wachter, is still the CEO, and the company marks 20 years in virtual sports in 2026.
Since August 2026, yes, through its G-Spin category. Before that, slots came from its sister studio Spinmatic, and most Goldenrace casinos carry the brand for its virtual sports and crash games rather than for reels.
No. The result comes from the game, not from a real sporting event, so the names and form figures on screen are decoration. Treat every event as a bet on the odds alone.
SlotCatalog lists 92% for Fire Crash and gives no figure for Danfo Crash, Boom Ball Juggle, Jet Escape or Meteoroid. Check the help screen in the game at your casino.
Virtual sports are only one corner of a casino, so if you fancy reels or live tables instead, every studio we cover is listed below with its count of open casinos.
No studio matches that search.

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