On January 11, 2023, Lion Gaming Group, a number one developer of white label on-line casinos and sportsbook options based mostly in Surrey, British Columbia, Canada, publicly introduced that it has accomplished the acquisition of iGaming and betting software program improvement firm based mostly within the UK, 1Click Video games.
Predominant goal of the acquisition:
The primary cause for this buy was Lion Gaming Group’s objective to broaden its portfolio with extra new iGaming content material.
However, that’s not all; with this acquisition, the corporate may also achieve extremely gifted and skilled staff who’re specialists in software program improvement, engineering, UI/UX design, compliance, funds and buyer assist. Moreover, these new abilities will assist Lion Gaming to hold on and enhance its excellent improvements and can give it the chance to offer prospects with top quality services.
On this regard, Ted Yew, Chief Monetary Officer of Lion Gaming Group, mentioned: ““The fee synergies between the merged entities will enhance our revenue margins an extra 15%+, and our optimistic money move is predicted to develop effectively into the long run. Optimistic money move is a uncommon feat within the gaming business, as greater than 90% of corporations competing on this house generate destructive earnings and money flows. Plus, this acquisition is completely aligned to assist our go-public initiatives.”
And Mr. Duncan McIntyre, President and Chief Govt Officer of Lion Gaming Group, added: “As Lion Gaming Group continues to discover the methods we are able to improve our product providing, we’re very excited so as to add 1Click Video games to our portfolio of corporations. This acquisition immediately brings greater than 40 on-line on line casino manufacturers instantly into our portfolio and additional provides to our gifted workforce.”
However, 1Click Video games by way of this acquisition will add and use Lion Gaming’s newest, customized know-how and broaden its attain into crypto and extra common companies.
On this regard, Maksims Terehovics, Chief Govt Officer at 1Click Video games, mentioned: “We’re excited that our firm has joined the Lion Gaming Group household! This partnership brings collectively the strengths of each corporations and creates a singular benefit in our international growth efforts. We are able to supply a variety of premier merchandise to each common and crypto companies by way of the mixture of applied sciences and merchandise. It permits us to create a very distinctive proposition for the market. This partnership permits us to attain even better success within the gaming business. We stay up for working with the Lion Gaming Group workforce to convey our prospects the fullest attainable gaming expertise.”
About:
Headquartered in Canada, Lion Gaming Group Inc. is an iGaming developer that creates fiat and blockchain know-how for on-line casinos and sportsbooks worldwide. It was based and formally launched in 2020.
Headquartered in Tortola, British Virgin Islands, UK, 1Click Video games is a number one European supplier of premium white-label options for iGaming startups and established operators all over the world. It was based and formally launched in 2013.
