EveryMatrix has announced a recommended public offer to acquire all shares of Fantasma Games AB for €5.21 per share in cash, totaling a consideration of €18.5 million. The shares of Fantasma Games AB are listed on the Nasdaq First North Growth Market in Sweden. The acceptance period for the offer is scheduled to begin on September 19 and end on October 10, 2024.
EveryMatrix is a global provider of B2B software for iGaming, driven by core products, including its proprietary casino platform, CasinoEngine, which generates record revenues for its clients.
The acquisition would significantly strengthen EveryMatrix's game production, with the immediate addition of well-known titles integrated into more than 250 operators and played by millions of players in 50 countries.
EveryMatrix is the world's largest game aggregator through its SlotMatrix aggregation platform, which features over 29,000 games from more than 330 third-party studios, in addition to games developed in-house by Armadillo Studios.
Fantasma Games is a highly respected game developer, with a strong management team and a well-established game production and distribution. The company has undergone very strong development and recorded an EBITDA of €395,000 in the second quarter, with a profit margin of 36%. The proposed transaction would strengthen EveryMatrix's gaming division, generating strong synergies between the two companies.
More than 50% of the shareholders of Fantasma Games have signed binding agreements to sell their shares. The offer is conditional upon acceptance by at least 90% of the shareholders. The company will provide a further update after the completion of the process.
EveryMatrix provides software, solutions, content, and iGaming services for casinos, sports betting, payments, and affiliate management to global tier 1 operators, as well as to new brands.
The platform is highly modular, scalable, and compatible, allowing operators to choose the ideal EveryMatrix solution and combine it with third-party and in-house technology and capabilities.
The company empowers clients to unleash bold ideas and deliver exceptional player experiences in regulated markets. EveryMatrix employs 1,000 staff across 13 countries and serves over 300 clients worldwide, including the regulated US market.
EveryMatrix is a member of the World Lottery Association (WLA) and the European Lotteries Association. In September 2023, it became the first iGaming provider to receive the WLA Safer Gambling Certification, priding itself on its commitment to responsible gaming and player protection, while producing market-leading gaming solutions.
Source: GMB
