Acquisition of Fantasma Games Approved by Shareholders

Exciting news in the iGaming industry! EveryMatrix has secured a major victory by gaining over 95% shareholder approval for its SEK 209.8m (€18.5m) bid to acquire Fantasma Games. This strategic acquisition aims to strengthen EveryMatrix’s gaming portfolio and expand its presence in key markets like North America. Curious to see how this acquisition will impact the industry? Read on as we explore what this merger means for the future of online gaming.

EveryMatrix’s Fantasma Acquisition Receives 95% Shareholder Approval

EveryMatrix, a leading supplier in the iGaming industry, has successfully received over 95% approval from Fantasma Games shareholders, paving the way for the company’s SEK 209.8m (€18.5m) acquisition bid to move forward. This high level of shareholder support surpasses the required 90%, allowing EveryMatrix to proceed with the takeover of Fantasma, a well-known game development studio recognized for its innovative gaming content.

The approval comes just three weeks after EveryMatrix submitted its public offer for Fantasma Games, demonstrating the rapid pace at which the deal has progressed. With shareholder backing secured, EveryMatrix is now poised to significantly bolster its gaming content portfolio while enhancing its market presence in regions like North America, where it has been increasing its focus throughout 2024.

Fantasma Games has become a well-regarded name in the industry, with partnerships across every iGaming-regulated US state. The acquisition offers EveryMatrix an opportunity to tap into Fantasma’s strong relationships with operators and to further extend its reach in regulated markets.

Strategic Expansion and North American Growth

This acquisition is part of EveryMatrix’s broader strategy to expand its footprint in key gaming markets, particularly North America. Earlier this year, EveryMatrix made significant strides in this region, going live in Michigan and New Jersey through a partnership with Golden Nugget, a leading casino operator. Additionally, the company recently joined the Mexican Association for Permit Holders, Operators, and Suppliers, further solidifying its presence in Latin America.

The North American market has proven to be a key area of focus for EveryMatrix, and the acquisition of Fantasma will only enhance its ability to deliver high-quality gaming content to operators and players. Fantasma Games, known for its unique, high-performance games, is seen as a valuable addition to EveryMatrix’s already expansive content offering.

EveryMatrix’s Group CEO and Co-Founder Ebbe Groes shared his excitement about the acquisition, stating, “We’re delighted to announce that this acquisition will proceed. It is another M&A deal fully funded from our own cash flow, made possible due to our rapid organic growth. We see big synergies and opportunities!”

Groes also praised Fantasma’s games, which are recognized by major operators worldwide for their performance and player experience. He added, “Fantasma’s management and staff have built a business that consistently delivers impressive financial results, making this acquisition a perfect fit for EveryMatrix.”

Looking Ahead: What the Acquisition Means for iGaming

The acquisition of Fantasma Games marks a significant step in EveryMatrix’s growth strategy, particularly as the company continues to target the North American market. This merger will enable EveryMatrix to offer an even wider range of innovative gaming content while leveraging Fantasma’s established presence in key regulated markets.

With EveryMatrix’s robust infrastructure and Fantasma’s cutting-edge game development capabilities, the iGaming landscape can expect an influx of high-performance, engaging content that appeals to a broad range of players. The acquisition is also expected to result in synergies between the two companies, enhancing EveryMatrix’s ability to generate further growth and financial success.

With over 95% of Fantasma shareholders supporting the acquisition, EveryMatrix is now poised to complete its SEK 209.8m takeover, expanding its gaming portfolio and further strengthening its presence in the North American market. This acquisition is a testament to EveryMatrix’s ongoing success and its commitment to delivering top-tier gaming content. As the company continues its growth trajectory, the merger with Fantasma Games will undoubtedly play a key role in shaping the future of the iGaming industry.

The post Acquisition of Fantasma Games Approved by Shareholders appeared first on Gamingo News.

Exciting news in the iGaming industry! EveryMatrix has secured a major victory by gaining over 95% shareholder approval for its SEK 209.8m (€18.5m) bid to acquire Fantasma Games. This strategic acquisition aims to strengthen EveryMatrix’s gaming portfolio and expand its presence in key markets like North America. Curious to see how this acquisition will impact
The post Acquisition of Fantasma Games Approved by Shareholders appeared first on Gamingo News.