EveryMatrix submits formal bid to acquire Fantasma Games

Shares in Fantasma Games AB are listed on Nasdaq First North Growth Market Sweden.

The acceptance period for the offer is expected to commence on 19 September 2024 and expire on 10 October 2024.

EveryMatrix is a highly successful global B2B igaming software provider driven by core products including its proprietary casino platform CasinoEngine that generates record revenues for its customers.

The purchase would significantly strengthen EveryMatrix’s games output with the immediate addition of well-known titles that are integrated with more than 250 operators and played by millions of players across 50 countries.

EveryMatrix is the world’s largest games aggregator via its SlotMatrix aggregation platform with more than 29,000 games across 330+ third-party studios in addition to its own in-house games development within Armadillo Studios. 

Fantasma Games is a highly respected games developer with a strong management team and well-established games production and distribution. Fantasma has undergone very strong development and recorded EBITDA of €395k for Q2, a profit margin of 36%. The proposed transaction would strengthen the EveryMatrix games division with strong synergies between both companies.

More than 50% of the Fantasma Games shareholders have signed binding agreements to sell their shares. The bid is conditional on at least 90% of shareholders accepting the offer. 

EveryMatrix will issue a further update upon the conclusion of the process.