High Roller Technologies Inc
Saratoga Casino Holdings Makes Strategic Investment in High Roller Technologies
High Roller Technologies Inc., operator of the award-winning, premium online casino brands High Roller and Fruta, announced Saratoga Casino Holdings LLC (Saratoga) has made a $1.0 million strategic investment in the Company through a private placement of restricted shares of common stock of High Roller at a purchase price of $2.80 per share.
Saratoga operates casino properties in New York, Pennsylvania, Colorado, and Mississippi, and this investment marks their first step into the online gaming sector.
“This strategic investment from Saratoga is a strong vote of confidence in our business model and growth strategy. This strategic alignment with Saratoga is an indication of our continued ambition to scale our platform, expand our market reach, and execute on our near- and long-term initiatives,” said Seth Young, Chief Executive Officer at High Roller.
“Over the past few years, we have been seeking the right opportunity to make our first investment in the online gaming sector. High Roller’s growth trajectory is extremely compelling, and we are thrilled to support the company with this strategic investment,” said Samuel Gerrity, CEO of Saratoga Casino Holdings.
The post Saratoga Casino Holdings Makes Strategic Investment in High Roller Technologies appeared first on Americas iGaming & Sports Betting News.
Crypto.com
High Roller Technologies Executes Definitive Agreement with Crypto.com to Enter Over $1 Trillion U.S. Prediction Markets Opportunity
High Roller Technologies Inc., operator of the award-winning, premium online casino brands High Roller and Fruta, announced that it has executed a Definitive Agreement with Crypto.com | Derivatives North America (CDNA) to launch an event-based prediction markets offering, initially in the US. The Agreement will enable High Roller to offer CDNA’s event contracts in the US, creating a new strategic growth opportunity for the Company across finance, sports and entertainment and marking its entry into the rapidly emerging prediction markets sector.
Third-party estimates project that a mature U.S. market opportunity could exceed $1 trillion in annual trading volume,1 while international opportunities further expand the addressable market potential for High Roller.
“High Roller brings a premium brand, strong online expertise and an established customer-facing platform to this opportunity. Together, we believe we can expand access to regulated event contracts in the United States through a differentiated and highly scalable offering,” said Kris Marszalek, Co-founder and CEO of Crypto.com.
“We’re thrilled to have reached a definitive agreement to enter the prediction markets space with Crypto.com. Over the last few months, we have been working towards preparing our product and other logistics for this transformative opportunity and today marks a significant milestone in that journey. We believe this partnership gives us a strong starting position in a market with meaningful long-term potential, and we’re confident in our ability to deliver,” said Seth Young, Chief Executive Officer of High Roller Technologies.
Agreement Summary
Under the terms of the Agreement, event contracts offered by CDNA, a CFTC-registered exchange and clearinghouse and affiliate of Crypto.com, will be made available to customers through High Roller, which plans to operate a CFTC-registered Introducing Broker and establish a relationship with Crypto.com’s CFTC-registered Futures Commission Merchant. The Agreement establishes Crypto.com and its affiliates as providers of prediction contracts across High Roller’s distribution channels in the US and is expected to create new revenue streams for High Roller.
The partnership will offer customers the opportunity to trade event contracts across markets including finance, entertainment, and sports, through a legal, regulated, engaging, and user-friendly platform.
Following the successful execution of the Agreement, High Roller intends to provide updates regarding its product, brand, launch timing, and marketing partnerships.
The post High Roller Technologies Executes Definitive Agreement with Crypto.com to Enter Over $1 Trillion U.S. Prediction Markets Opportunity appeared first on Americas iGaming & Sports Betting News.
Canada
High Roller Technologies Signs Letter of Intent with Kindbridge Behavioral Health to Support Responsible Gambling in Ontario
High Roller Technologies Inc., operator of the award-winning, premium online casino brands High Roller and Fruta, announced it has entered into a non-binding Letter of Intent (LOI) with Kindbridge Behavioral Health (Kindbridge) to support its commitment to responsible gambling in Ontario, subject to licensing and regulatory approval.
Through the planned partnership with Kindbridge, High Roller intends to offer eligible Ontario players who choose to self-exclude a confidential pathway to support that helps individuals understand their options and take next steps at their own pace. The experience begins with education and a guided triage process, followed by the option to connect with no-cost peer support and, when appropriate, licensed Canadian clinicians. Using a stepped-care approach, individuals can start where they feel ready and access additional support over time, based on their needs and goals.
“We believe entertainment should always be enjoyed responsibly. Partnering with Kindbridge reinforces our commitment to player wellbeing by ensuring that anyone who may be experiencing challenges with their gambling activity has access to meaningful, professional support. This collaboration reflects our responsibility not only as an operator, but as a trusted brand that puts people first,” said Seth Young, Chief Executive Officer at High Roller.
Kindbridge works with gaming operators across North America to deliver early-intervention programs designed to identify, assess, and support at-risk individuals, including integration with self-exclusion and responsible gaming workflows.
“Building strong, accessible pathways to support is an essential part of effective responsible gambling programs.nOperators are uniquely positioned to assist individuals who may be experiencing distress by helping connect them to appropriate care. We’re proud to work with High Roller to expand access to specialized clinicians and evidence-based resources, supporting healthier outcomes for players and more effective responsible gambling frameworks,” said Daniel Umfleet, Founder & CEO of Kindbridge Behavioral Health.
Seth Young, who currently serves as Chief Executive Officer of High Roller, is a current shareholder, member of the Board of Advisors, and former member of the Board of Directors at Kindbridge.
The post High Roller Technologies Signs Letter of Intent with Kindbridge Behavioral Health to Support Responsible Gambling in Ontario appeared first on Americas iGaming & Sports Betting News.
American gambling industry
Gaming Americas Weekly Roundup – January 19-25
Welcome to our weekly roundup of American gambling news again! Here, we are going through the weekly highlights of the American gambling industry which include the latest news and new partnerships. Read on and get updated.
Latest News
Lotto.com, the nation’s first online lottery platform to digitally deliver draw games and scratch tickets, has announced a major milestone – reaching 4 million customers, and counting, in less than five years since launching in Spring 2021. As the fastest-growing lottery courier platform, Lotto.com continues to redefine accessibility and convenience for players nationwide. Customers have collectively won over $150 million in prizes through Lotto.com, including $90 million in draw wins and $63 million in scratch wins, with more than 7 million winning tickets ordered on the platform. These results highlight the excitement, ease and trust players have in Lotto.com’s modern approach to lottery.
NCAA President Charlie Baker has requested the Commodity Futures Trading Commission to pause all college sport offerings in prediction markets until the agency implements appropriate regulations. The NCAA sent a letter to the CFTC calling for a robust system of safeguards and detailed its willingness to work with the regulatory body to assist with developing the necessary guardrails to protect student-athletes and college sports. The critical safeguards requested include age and advertising restrictions, enhanced integrity monitoring, prop market prevention, anti-harassment measures, and harm reduction resources.
The Nevada Gaming Control Board has filed a civil enforcement action in the District Court for Carson City against BLOCKRATIZE INC. d/b/a POLYMARKET; QCX LLC d/b/a POLYMARKET US; and ADVENTURE ONE QSS INC. d/b/a POLYMARKET. In its complaint, the Board asked the court for a declaration and injunction to stop Polymarket from offering unlicensed wagering in violation of Nevada law. Polymarket operates a derivatives exchange and prediction market where it offers event contracts for sale. These products are offered for sale on Polymarket’s mobile app and are made available to people in Nevada. The Board considers offering sports event contracts, or certain other events contracts, to constitute wagering activity under NRS 463.0193 and 463.01962 and, therefore, entities offering such event contracts must be licensed.
Partnerships
High Roller Technologies Inc. announced it has entered into a binding Letter of Intent (LOI) with Crypto.com | Derivatives North America (CDNA), for an exclusive partnership to launch an event-based prediction markets product in the US. The events contracts will be offered by CDNA, a CFTC-registered exchange and clearinghouse and affiliate of Crypto.com, to customers through HighRoller.com. The partnership will offer people the opportunity to trade event contracts across markets including finance, entertainment, and sports, through a legal, engaging, and user-friendly platform.
High Roller Technologies Inc. announced it has signed a non-binding Letter of Intent (LOI) with Lines.com, a premier sports media platform owned by Spike Up Media, to enter into and execute a strategic marketing partnership designed to accelerate customer acquisition and brand awareness for High Roller’s planned entry into U.S. prediction markets. This LOI follows High Roller’s announcement of its strategic partnership with Crypto.com | Derivatives North America to launch a regulated event-based prediction markets product in the US. Through the contemplated strategic marketing partnership, Lines.com will serve as a key distribution and media partner, leveraging its high-intent audience, advanced automation infrastructure, and market-leading conversion performance to support High Roller’s prediction markets rollout.
The post Gaming Americas Weekly Roundup – January 19-25 appeared first on Eastern European Gaming | Global iGaming & Tech Intelligence Hub.
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