Online Casino News’ Post

High Roller Technologies Inc. (NYSE: ROLR), an online gaming company, recently went public on the New York Stock Exchange, raising $10 million in its initial public offering (IPO). The company is carving out a niche for itself by targeting 'high rollers' - hardcore, serious players who strive to win big and tend to spend more time and money on these platforms than casual gamers. Highroller.com, the company's flagship platform, offers access to hundreds of games, including classic casino games, fruit slots, and high-stakes online slots. It aims to provide a premium experience with features like 20% cashback on bets, generous bonuses, exclusive sweepstakes, and personal account managers. For the third quarter, High Roller reported revenue of $7.52 million, a 30% quarter-over-quarter increase from $5.8 million. 'This significant quarter-over-quarter revenue growth reflects the success of our pre-IPO strategy, focused on cost optimization and efficient marketing channels with strong returns,' said Ben Clemes, CEO of High Roller Technologies. The company's focus on premium customers is also paying off in terms of loyalty, as evidenced by its recent 'Best Player Retention 2024' award at the SiGMA Europe B2C Awards. High Roller plans to use the IPO proceeds to acquire new users, expand in North America and other regulated markets, launch new brands or verticals, and invest in technology. With a growing reputation for meeting the demands of high rollers and cash in the coffers, High Roller Technologies is paving a path that may be worth keeping an eye on in the premium online gaming market. #onlinegaming #ipo #highroller @highroller_tech

I came across InvestGame recent report (https://lnkd.in/dmXvJWrV) about the global gaming deals in Q3 2024 and it unpacks a lot of positivity and maturity. Here are some highlights: 1- Quarterly capital deployment has stabilized at approximately $1 billion, spread over 120 funding rounds. 2- Private investment volume held steady in Q3 2024, with corporate investors, VC, and PE funds playing significant role. Early-stage VC funding remains active, particularly for gaming studios, with $100 million raised across 30 rounds. 3- M&A activity has increased! At least one billion-dollar-plus deal announcement each quarter, signaling a strong interest in gaming companies. 4- PC and Console: Steam reported a 35% year-over-year increase in sales, mainly driven by AA and indie publishers, while AAA titles saw slower growth (I highlighted some here https://lnkd.in/dw-ZHpz5). 5- Mobile Market: Stabilization is evident here, with Asian developers dominating new top releases. IAP continue to generate significant revenue. Here is my takeaway on this report: 1- Investment levels indicate confidence in the gaming industry's stability and growth potential but investors are increasingly selective, favoring early-stage ventures and platform tech over late-stage funding. 2- Billion-dollar deals suggest that companies are looking to expand strategically through acquisitions, providing growth paths for both established and emerging players. 3- The preference for tech and platform investments over content reflects a strategic shift. 4- The cautious approach to public offerings made investors prefer private funding rounds until broader market conditions improve. #Marketing #Insights #Gaming #MENA #MobileGaming #VC #IPO

Adventure Box Technologies AB (publ) Announces Strategic Acquisition of Lion Gaming Group Inc for SEK475 Million (USD 45 million) Paving the Way for Significant Expansion and Synergies in the iGaming Market Adventure Box Technologies AB (“Adventure Box”) has entered into a Letter of Intent (“LOI”) with Lion Gaming Group Inc. (“Lion”), a Canadian company specializing in gaming and betting services. Lion has a projected turnover of approximately SEK 350 million (USD 33 million) and an EBITDA of approximately SEK 180 million (USD 17 million) in 2024. This transaction marks the beginning of a significant expansion for Adventure Box in the iGaming market. A major new gaming company is emerging in Sweden, poised to make a substantial impact on the global iGaming market. This strategic move is set to create a robust and diversified portfolio, further strengthening Adventure Box’s position. It represents a significant step towards establishing Adventure Box as a leading player on the international stage. The letter of intent involves the acquisition of 100% of the shares in Lion Gaming Group Inc. for a purchase price of approximately SEK 475 million (USD 45 million), which will be paid with newly issued shares in Adventure Box at a share price of SEK 0.40 per share. The target is to finalize the acquisition in the second half of 2024.

**Me, My Pinoy Friend, and the Potential End to a Lifelong Gaming Partnership: From the view of an Analyst** It began with a message from my long-time online friend, a Filipino gamer I've known for nearly 20 years but never met in person. She reached out, concerned about news of our favorite game’s developer shifting control to a lesser-known competitor. Her questions were direct: could this change our experience? This game had kept us connected for years although I don't play anymore since I moved to Europe, and she wasn’t ready to let go. Strategy Behind the Shift: The company, once revered for innovative multiplayer design, had recently leaned into microtransactions, leaving loyal players feeling disillusioned. From a business angle, though, this transfer appears strategic. Moving control to a competitor with local expertise, the original developer shifted focus to profitable markets and potentially prepare for expansion or a silent exit. This "win-win" move allows both companies to tap into regional monetization without the appearance of a full exit. Addressing Player Concerns and Legal Standpoints: My friend was worried about the impact on players. If the game was “outsourced,” would players feel abandoned? Could they pursue legal action if game economics changed? Game developers usually cover these shifts in their user agreements, limiting grounds for legal recourse. While players may see some pricing changes, operations would largely stay within agreed terms. The discreet nature of this transition prevents backlash and avoids questions about the company’s stability. An openly announced exit might have led players to abandon the game. Instead, this quiet handover maintains reputation and a stable player base. Speculation on Strategic Growth: Could this shift foreshadow future merger? In a competitive gaming market, companies often streamline for future partnerships. Shifting control in less profitable regions prepares the developer to focus on core markets. Though minor pricing adjustments might occur, the game experience should remain familiar. Regional expertise could mean more localized content and stable servers, possibly improving gameplay. Minimal Impact on Players: My friend feared trasitioning from F2P. But since operational changes fall under most user agreements, players have limited recourse for complaint. This careful strategy aims to keep players engaged without major disruption. Closing Thoughts: In the end, we agreed that, though abrupt, the transition is a calculated decision with strategic planning based on every possible outcome be good or bad. Players might notice small shifts, but the core game should remain consistent for now. For the company, a discreet handover preserves reputation, trust, and positions it for future partnerships. For everyone else, whether you let go or not is your choice but, “Whatever lies ahead, don’t worry, Mhaldita (Sharp Tongue). We’ll always be friends, no matter where we are.”

Gaming Innovation Group (GiG) sees big chances in sweepstakes as it gets ready to split off its platform and sportsbook operations into a separate company. This plan, which aims to simplify operations and boost growth, happens as sweepstakes gaming looks set to grow fast in the US market. Growth forecasts look good even with some rules standing in the way. In its latest pre-split investor presentation, GiG spotlighted SweepX, its new social casino platform, as a crucial element for gaining market share. The company thinks this groundbreaking platform solution will help it break into the booming sweepstakes market, which experts predict will grow from $3.1 billion in 2022 to $6.9 billion by 2025. Read the full article ➡ https://lnkd.in/djkWX35m #global #casino #gambling #gamblingnews #business

Thanks to Scott Longley and team for the Kutt writeup in today's Earnings+More newsletter. Stay tuned for more updates over the coming weeks! #kuttit #socialbetting #gaming #sbc #igaming #thesocialbettingplatform #startup #sportsbetting #sportsbusiness #gamingindustry James Tice Charles Bernard

🎲 Gaming #REITs Providing Stability and Predictability in Income 🎰 Gaming REITs focus on properties used for gaming and entertainment, such as casinos and related venues. 🔹 Key Benefits of Investing in Gaming REITs: * Stable Income: Long-term lease agreements with gaming operators ensure consistent revenue. 🎯 * Predictable Returns: Gaming operators typically commit to long leases, which can be attractive for investors seeking reliable income. 📈 * Growth Potential: Strategic acquisitions and sale-leaseback arrangements provide opportunities for expansion and increased capital for gaming operators. 🚀 📊 2023 Highlights: * Funds from Operations: $3.5 billion * Dividends Paid: $2.5 billion 📈 Sector Growth: * Market Cap Increase: From $23 billion in Dec 2020 to $46 billion in July 2024. * FTSE Nareit Index: Standalone gaming sector created in June 2023. 🌟 Investment Opportunities: * Expanding Market: With gaming legalization on the rise, gaming REITs are positioned to acquire new properties and enter emerging markets. 🌍 * Net Acquisitions (2021 Q1 – 2024 Q1): Approximately $14.7 billion in properties. 📍 Notable Gaming REITs: * VICI Properties Inc. (Ticker: VICI) * Gaming and Leisure Properties, Inc. (Ticker: GLPI) 📊 Sector Overview: * One-Year Return: 7.13% * Dividend Yield: 5.52% * Market Cap: $45.6 billion * Dividends Paid (Q1 2024): $655 million * NOI (Q1 2024): $322 million Source: FTSE, Nareit T-Tracker® (As of July 31, 2024) https://lnkd.in/gv_qiBAW

From AllTopStartups: Top 5 Popular Casino Games ------------------------------- Many people, when planning their free time, think about casinos as an exciting way of entertainment. You do not need to leave your home to play your favorite casino games… The post Top 5 Popular Casino Games appeared first on AllTopStartups . #entrepreneur #startups #learnbusiness #techstartups #marketingtips #emailmarketing #businesstools #marketingstrategy #businessowner #startupbusiness #startuplife

Aristocrat Gaming has inched closer to acquiring NeoGames as the Nevada Gaming Control Board recommended the approval of the transaction. The matter will be officially settled at the board’s upcoming meeting on April 18, CDC Gaming Reports reported. NeoGames was founded in 2014 and, in 2023, secured a license to operate in Nevada. The company later received a takeover bid by Aristocrat, which wants to explore the online lottery sector and expand its overall iGaming presence. The arrangement will see Aristocrat pay $1.5 billion in cash to acquire the Israel-based ilottery platform. The transaction is set to reinforce the former company’s activities in key regions, such as Europe and North America. Under the deal, Aristocrat will also acquire the Aspire Core online gaming platform, the iGaming content aggregator Pariplay and the B2B sportsbook services provider BtoBet. All of NeoGames’ existing employees will be transferred to Aristocrat and put through rigorous compliance training. Read the full article ➡ https://lnkd.in/dTuuzbGA #business #gambling #gamblingnews #casino #finance #mergersandacquisitions

📍 2024 Drake Star Global Gaming Report ➡ Q1 2024 Summary 2024 has started on a strong note with multiple high value deals and the momentum extended in early Q2 with Embracer continuing to divest major businesses. Existing and new VCs continue to raise more capital focused on gaming investments (A16Z’s Gaming Fund II: $600M and BITKRAFT III: $275M) and public markets have improved since bottoming out in October last year • With 47 announced deals and disclosed deal value of $2.4B, M&A activity continues to pick-up and was higher than any quarter last year. CVC/Haveli acquired Jagex ($1.1B) and Take-Two picked up Gearbox from Embracer ($460M). Volume in the mid to small size deals segment with mostly undisclosed deal value increased significantly • Private financings reported a notable uptick in Q1 with over $2.4B raised through 188 deals, reversing a downward trend in deal volume since mid 2022. Disney invested $1.5B in Epic Games, Build a Rocket Boy raised $110M and True Gamers raised $45M • Early-stage financings continue to be the major portion of total deals while the mid to late-stage deal activity remained low. With the recent upswing in the blockchain market, early-stage blockchain deals were 40% of the total deal volume. For investments over the last 12 months, BITKRAFT led the VC league table, followed by Andreessen Horowitz, Griffin Gaming, Play Ventures and Vgames ➡ 2024 Outlook With a strong start of the year, we expect M&A activity to steadily increase in 2024. Savvy/Scopely, Tencent, Take-Two and Playtika are expected to be some of the active buyers. As we predicted last year, PE firms’ interest in the gaming sector has increased (i.e., Jagex/CVC deal) and given the attractive public company valuations, we except several acquisitions and take-private deals to be led by PE firms in the coming quarters • With funding trends finally breaching the downward trend and growing for Q1, we expect overall growth in private financings during the year. While early-stage companies will continue to dominate the deal volume, we expect a modest increase in mid / late-stage deals. AI, mixed reality, platform and tools continue to be hot segments   • We saw the first successful consumer tech IPO in Reddit this quarter and we anticipate that several IPO ready gaming companies such as Discord and EPIC are starting to plan for a listing in the second half of 2024 or 2025