EveryMatrix Submits Formal Offer to Acquire Fantasma Games

On September 18, 2024, EveryMatrix, a prominent global B2B iGaming software provider, officially submitted a recommended public offer to acquire all shares of Fantasma Games AB. The proposed purchase price is SEK 59 (€5.21) per share, which values the deal at a total of SEK 209.8 million (€18.5 million). Shares of Fantasma Games AB are listed on Nasdaq First North Growth Market Sweden, and the offer period is expected to commence on September 19, 2024, and close on October 10, 2024.

This acquisition marks a significant strategic move for EveryMatrix. Fantasma Games is a respected developer in the iGaming space with a proven track record of success. The company is known for its strong management team, efficient game production, and impressive financial performance. Notably, Fantasma Games recorded an EBITDA of €395,000 in Q2 2024, reflecting a profit margin of 36%.

Strategic Synergies and Benefits

EveryMatrix’s decision to acquire Fantasma Games is largely driven by the synergies that the acquisition will create between the two companies. Fantasma Games has an extensive portfolio of well-known titles that are currently integrated with over 250 operators and played by millions of s across more than 50 countries. By bringing these titles under the EveryMatrix umbrella, the company is expected to significantly enhance its gaming offerings.

In addition to the content integration, Fantasma Games will contribute to EveryMatrix’s ongoing success through its distribution network and development capabilities. EveryMatrix already holds the distinction of being the world’s largest games aggregator through its SlotMatrix platform, which boasts more than 29,000 games from over 330 third-party studios, alongside its in-house game development within Armadillo Studios. With Fantasma’s expertise, the acquisition will further bolster the company’s output and reach in the market.

More than 50% of Fantasma Games’ shareholders have already signed binding agreements to sell their shares. However, the acquisition is contingent upon the acceptance of at least 90% of Fantasma’s shareholders.

A Growing Global Presence

EveryMatrix continues to grow its influence within the global iGaming landscape, offering software, solutions, content, and services for casino, sports betting, payments, and management to top-tier operators worldwide. Known for its modular, scalable, and compliant platform, EveryMatrix allows operators to integrate both third-party and in-house technology to optimize their offerings.

The acquisition of Fantasma Games will undoubtedly strengthen EveryMatrix’s position in the market by adding more value to its casino platform, CasinoEngine. CasinoEngine, the company’s proprietary platform, is already a key driver of revenue for many of its clients. The addition of Fantasma’s innovative games will further boost this performance.

Commitment to Responsible Gaming

EveryMatrix is recognized for its dedication to responsible gaming. In 2023, it became the first iGaming supplier to achieve WLA Safer Gambling Certification, underlining its focus on providing safe and enjoyable gaming experiences. This commitment will continue to play a significant role as the company expands its reach through acquisitions like that of Fantasma Games.

The transaction is expected to finalize after the offer period closes on October 10, 2024. EveryMatrix will release further updates as the process progresses.

Source:

EveryMatrix Submits Formal Offer for Fantasma Games, realmoneyaction.betsandodds.net, September 18, 2024.