Gamblit collects $25m in growth financing

Gamblit Gaming has raised $25 million (€23 million) in new growth financing.

The company specialises in publishing both real-money and skill-based gaming content for land-based casinos, including high profile Las Vegas venues the MGM Grand Hotel & Casino and Caesars Palace as Vegas Hotel & Casino.

Stifel acted as the exclusive financial advisor to Gamblit during the transaction.

Gamblit chairman Miles Arnone said: “As Gamblit prepares for full commercial launch of its gaming products in Las Vegas and other gaming jurisdictions, we're confident our new investor relationships will drive growth as they share in our vision.”

Chief executive Eric Meyerhofer added: “There is significant demand from casino operators for our innovative products.

“We have begun to launch field trials in Las Vegas under the Nevada Gaming Control Board's New Innovation Beta programme, and player engagement has been very strong.”

Related article: http://www.igamingbusiness.com/news/gamblit-picks-coresite-first-us-data-centre-provider