The Swedish-based provider, Lady Luck Games, will acquire UK-based studio, Revolver Gaming. After inking an exclusive letter of intent, both brands agreed on the purchase price of €750,000 and approximately 4 million newly issued shares of Lady Lucky Games. Revolver was founded in 2010 and has been developing mostly online slots, however, it also produced several online bingo games. Its most popular games are Reign of Gnomes, Good Fishes, Lotto Lucky, Robin Hood, and more.
Great Opportunity for Both Companies
The team behind Revolver Gaming has developed impressive games over the years that reach players around the globe. This is a great opportunity for both companies to join forces and to see what they can accomplish in the iGaming market!
Mads V. Jørgensen, CEO of Lady Luck Games said:“This is our second acquisition in the last three months and I am pleased to be able to show our shareholders and the market that we are delivering on our set acquisition strategy. The fact that LL Lucky Games can acquire a company of this caliber is a clear signal of strength.
Daniel Lazarus, the founder of Revolver Gaming, added:“The opportunity for a merger between Lady Luck Games and Revolver Gaming is fantastic for both parties. Ever since we started our first discussions, we have been impressed by their passion for our business and their willingness to support our ambitious plans for the future.”
More on Lady Luck
Lady Luck Games is a young casino brand that has rapidly grown over 2 years. The company was founded in 2019 and operates from its head office in Stockholm. Since the beginning, it has been developing casino games for several online casino providers. Its talented team mixes cutting-edge technology, creativity, and business knowledge to develop the best product. CEO, Mads Jørgensen, is a specialist in the mobile games industry and a prominent entrepreneur. Its online site is easy to use and navigate. On this site, players can easily navigate and find their favorite game. This brand is committed to providing players with easy access to the world's most popular casino games. Its online slots are designed and equipped with many popular themes to keep players even more entertained. All games are available on mobile devices, including mobile devices and smartphones.
Source: “Lady Luck Games signs exclusive Letter of Intent with the intention of acquiring Revolver Gaming”. European Gaming. November 17, 2021.