casinosnewshubb
Advertisement
  • Home
  • Casino News
  • Gambling
  • Online Casino
  • Contact
No Result
View All Result
  • Home
  • Casino News
  • Gambling
  • Online Casino
  • Contact
No Result
View All Result
casinosnewshubb
No Result
View All Result
Home Casino News

DoubleDown Interactive purchases SuprNation for $30 million cash

admin by admin
January 12, 2023
in Casino News


A leading digital games developer and publisher, DoubleDown Interactive, announced that it has entered a Share Purchase Agreement for the acquisition of SuprNation, a Swedish iGaming provider of exclusive gaming experiences. The deal involves cash considerations for approximately $35 million and is subject to the final 2022 financial review.

Acquisition announced:

DoubleDown Interactive has many years of experience in online gaming. It is the creator of interactive entertainment experiences for players around the world, providing them with Vegas entertainment through an online social casino experience. With the soon acquisition of the Swedish technology company, the developer expects to attract new users and improve existing services, as well as to develop new ones by balancing the versatile library of casino games.

“We are pleased to announce the first acquisition since DoubleDown’s IPO that we believe complements our existing social casino franchise well and exposes DoubleDown to new growth markets,” said In Keuk Kim, Chief Executive Officer of Double Down Interactive, and added:

 “The acquisition of SuprNation increases our presence in the European i-Gaming market with other geographies expected to be added over time. Their gaming titles and captivating gamification features have created a loyal customer base that we aim to grow while capturing synergy opportunities, including incorporating our deep online gaming experience. As we evaluate inorganic growth opportunities, we will continue to focus on gaming businesses that offer clear synergies with our existing strengths.”

Growing real money gaming foothold:

Joakim Stockman and Henric Andersson, Co-Chief Executive Officers of SuprNation said: “We are extremely excited to become a part of DoubleDown and are looking forward to leveraging the obvious strengths of both companies in the years to come. As part of DoubleDown, we expect to accelerate our expansion and grow our real money gaming foothold through continued development of unique products and efficient marketing strategies.”

Title transfer:

This all-cash share purchase agreement is expected to be closed within the second quarter of 2023, following regulatory approvals. Once the deal is closed, SuprNation will be a direct, wholly-owned vertical of DoubleDown Interactive LLC. The technology company with a strong European presence and with gaming licenses in jurisdictions including Sweden, Great Britain, and Malta will enable the renowned gaming company to access SuprNation’s broad customer base and improve common operations for the benefit of both entities.

January through September 2022, this customer base engaged in SupNation’s mobile casino experiences to generate approximately $18.3 million in revenue – the figure attractive enough to see the acquisition completed as agreed.





Source link

Previous Post

Sports Betting Kept Viewers Engaged During Georgia’s TCU Blowout

Next Post

Can the falling prices of cryptocurrency affect climate change?

Next Post

Can the falling prices of cryptocurrency affect climate change?

Recommended Post

Online Casino

Understanding Email Throttling In 2023

February 2, 2023
Casino News

Propaganda Slot Review

February 2, 2023
Casino News

Novomatic America Renews Contract With Apex Pro Gaming

February 2, 2023
Casino News

Aruze Gaming Seeks Chapter 11 Bankruptcy Protection

February 2, 2023

© 2022 Casinos News Hubb All rights reserved.

Use of these names, logos, and brands does not imply endorsement unless specified. By using this site, you agree to the Privacy Policy and Terms & Conditions.

Navigate Site

  • Home
  • Casino News
  • Gambling
  • Online Casino
  • Contact

Newsletter Sign Up.

No Result
View All Result
  • Home
  • Casino News
  • Gambling
  • Online Casino
  • Contact

© 2022 Casino News Hubb All rights reserved.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Our Spring Sale Has Started

You can see how this popup was set up in our step-by-step guide: https://wppopupmaker.com/guides/auto-opening-announcement-popups/