NYSE:ROLR
High Roller Technologies Partners with Golden Whale to Revolutionize Data-Driven Retention and Acquisition Strategies
Company to Leverage Golden Whale’s Predictive AI Models and Machine Learning Solution
Las Vegas, Nevada, Jan. 28, 2025 (GLOBE NEWSWIRE) — High Roller Technologies, Inc. (“High Roller” and the “Company”) (NYSE American: ROLR), operator of High Roller and Fruta, each a premium brand in online gaming and a destination for high rollers, is thrilled to announce it has partnered with Golden Whale, an industry-leading data science company that will add a strong emphasis on data-driven strategies and machine learning innovation to its operations.
Beginning their collaboration in late Q4 2024, High Roller will continue to leverage Golden Whale’s expertise to enhance retention and acquisition efforts. By implementing predictive AI models and optimizing revenue streams and player cohorts, this partnership aims to redefine the online casino experience and maximize its potential.
Golden Whale Partnership Fuels Growth and Drives Innovation
Chris Azzopardi, Chief Product Officer of High Roller, stated, “Partnering with Golden Whale will take High Roller to the next level in retention and revenue optimization. This collaboration will also streamline internal resources and budgets, enabling us to further sharpen our focus on executing and advancing our growth trajectory plans.”
Claudia Heiling, Co-Founder and COO of Golden Whale, expressed her enthusiasm for the partnership, highlighting High Roller’s impressive growth trajectory and untapped potential. “High Roller has demonstrated consistent growth and innovation, making them an ideal partner. We are excited to contribute to their continued success and to achieve new milestones in orchestrating and optimizing all available player engagement components together.”
About Golden Whale
Golden Whale is a provider of data-driven services and machine-learning technology to the gaming industry. Our solutions have created uplifts of 100 to 200 percent and integrate with existing gaming systems or can be used as new building blocks to enable gaming companies to improve on complex decision-making processes and permanent optimization efforts. This allows them to turn existing system components from CRM, personalization tools, gamification, and game environments into learning systems.
About High Roller Technologies, Inc.
High Roller Technologies, Inc. is a leading global online gaming operator, known for its innovative casino brands, High Roller and Fruta, listed under the ticker ROLR on the NYSE American. The Company delivers a cutting-edge real-money online casino platform that is intuitive and user-friendly. With a diverse portfolio of over 4,000 premium games from more than 50 leading game providers, High Roller Technologies serves a global customer base, offering an immersive and engaging gaming experience in the rapidly expanding multi-billion iGaming industry. The online casino features enhanced search engine optimization, machine learning, seamless direct API integrations, faster load times, and superior scalability.
As an award-winning operator, High Roller Technologies continues to redefine the future of online gaming through innovation, performance, and a commitment to excellence. For more information, please visit the High Roller Technologies, Inc. investor relations website, X, Facebook, and LinkedIn pages.
Forward Looking Statements
Certain statements in this press release constitute “forward-looking statements” within the meaning of the federal securities laws. Words such as “may,” “might,” “will,” “should,” “believe,” “expect,” “anticipate,” “estimate,” “continue,” “predict,” “forecast,” “project,” “plan,” “intend” or similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements. While the Company believes these forward-looking statements are reasonable, undue reliance should not be placed on any such forward-looking statements, which are based on information available to us on the date of this release. These forward-looking statements are based upon current estimates and assumptions and are subject to various risks and uncertainties, including without limitation those set forth in the Company’s filings with the SEC, not limited to Risk Factors relating to its business contained therein. Thus, actual results could be materially different. The Company expressly disclaims any obligation to update or alter statements whether as a result of new information, future events or otherwise, except as required by law.
Contact
[email protected]
800-460-1039
Las Vegas, Nevada, May 27, 2025 (GLOBE NEWSWIRE) — High Roller Technologies (“High Roller” and the “Company”) (NYSE: ROLR), operator of the premium online casino brands High Roller and Fruta, today announced the submission of its Internet Gaming Operator license application in Ontario, Canada, targeting the launch of its flagship brand HighRoller.com in the second half of 2025.
“The submission of our licensing application to access Ontario’s regulated online gambling market is an important milestone in our Company’s journey,” commented Ben Clemes, Chief Executive Officer at High Roller. “Once our application is approved, we anticipate that we will have the opportunity to launch our online casino product into the market later this year.”
Ontario is one of the largest regulated online gambling markets in the world as measured by gross gaming revenue. In 2024, regulated online gambling operators within the province generated approximately $2.3B in gross gaming revenue, and growth continues to be recorded in the first half of 2025. Recently, the province of Alberta passed enabling legislation to establish a regulatory framework for online gambling. Once available, the Company also intends to pursue licensure in Alberta to expand its regulated market footprint in Canada.
“Ontario is missing an elegant brand like High Roller,” said Clemes. “We’re excited to roll out the red carpet for our new customers, and we’re looking forward to showcasing our tremendous product.”
About High Roller Technologies, Inc.
High Roller Technologies, Inc. is a leading global online gaming operator known for its innovative casino brands, High Roller and Fruta, listed under the ticker ROLR on the NYSE. The Company delivers a cutting-edge real-money online casino platform that is intuitive and user-friendly. With a diverse portfolio of over 5,000 premium games from more than 90 leading game providers, High Roller Technologies serves a global customer base, offering an immersive and engaging gaming experience in the rapidly expanding multi-billion iGaming industry. The online casino features enhanced search engine optimization, machine learning, seamless direct API integrations, faster load times, and superior scalability.
As an award-winning operator, High Roller Technologies continues to redefine the future of online gaming through innovation, performance, and a commitment to excellence. For more information, please visit the High Roller Technologies, Inc. investor relations website, X, Facebook, and LinkedIn pages.
Forward Looking Statements
Certain statements in this press release constitute “forward-looking statements” within the meaning of the federal securities laws. Words such as “may,” “might,” “will,” “should,” “believe,” “expect,” “anticipate,” “estimate,” “continue,” “predict,” “forecast,” “project,” “plan,” “intend” or similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include as discussed throughout Part I, Item 1A. Risk Factors and Part II, Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations of our Annual Report on Form 10-K for the year ended December 31, 2024 and throughout Part I, Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations and in Part II, Item 1A. Risk Factors of our Quarterly Report on Form 10-Q for the quarter ended March 31, 2025. Any forward-looking statement made by us in this press release is based only on information currently available to us and speaks only as of the date on which it is made. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise. The Company cautions that there is no guarantee that its application will be approved and that it will be able to launch its products in the timing management currently anticipates.
Contact
800-460-1039
Las Vegas, Nevada, May 20, 2025 (GLOBE NEWSWIRE) — High Roller Technologies (“High Roller” and the “Company”) (NYSE: ROLR), operator of the premium online casino brands High Roller and Fruta, today announced the appointment of Adam Felman as Chief Financial Officer, effective immediately, replacing Matt Teinert.
“Matt Teinert has served as CFO since May 2023 and was instrumental in the process of bringing High Roller through its initial public offering and successful listing on the NYSE,” commented Ben Clemes, Chief Executive Officer at High Roller.
“We’re pleased to welcome Adam Felman to our team,” said Clemes. “Adam brings strong experience and subject-matter expertise in gaming and public markets, both of which will be instrumental to our company as we enter an exciting new chapter.”
Prior to joining High Roller, Mr. Felman, served as Chief Financial Officer and Member of the Board of Directors of Digital Gaming Corporation, a leading online gaming company and B2B supplier, until the sale of the company’s B2B assets to Games Global in 2024. In 2023, Mr. Felman transitioned from private to public market operations following the sale of Digital Gaming Corporation to Super Group (SGHC). From 2013 to 2017, Felman, a Chartered Accountant (ACA), was in practice at Hazlems Fenton LLP. Felman received Joint Honors in Mathematics and Business from Aston University in 2013.
“I’m thrilled to join High Roller and its tremendous leadership team,” said Felman. “I’m excited about the company’s strategic vision and growth potential, and I look forward to ensuring a smooth transition as the company continues to build.”
About High Roller Technologies, Inc.
High Roller Technologies, Inc. is a leading global online gaming operator known for its innovative casino brands, High Roller and Fruta, listed under the ticker ROLR on the NYSE. The Company delivers a cutting-edge real-money online casino platform that is intuitive and user-friendly. With a diverse portfolio of over 5,000 premium games from more than 90 leading game providers, High Roller Technologies serves a global customer base, offering an immersive and engaging gaming experience in the rapidly expanding multi-billion iGaming industry. The online casino features enhanced search engine optimization, machine learning, seamless direct API integrations, faster load times, and superior scalability.
As an award-winning operator, High Roller Technologies continues to redefine the future of online gaming through innovation, performance, and a commitment to excellence. For more information, please visit the High Roller Technologies, Inc. investor relations website, X, Facebook, and LinkedIn pages.
Forward Looking Statements
Certain statements in this press release constitute “forward-looking statements” within the meaning of the federal securities laws. Words such as “may,” “might,” “will,” “should,” “believe,” “expect,” “anticipate,” “estimate,” “continue,” “predict,” “forecast,” “project,” “plan,” “intend” or similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include as discussed throughout Part I, Item 1A. Risk Factors and Part II, Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations of our Annual Report on Form 10-K for the year ended December 31, 2024 and throughout Part I, Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations and in Part II, Item 1A. Risk Factors of our Quarterly Report on Form 10-Q for the quarter ended March 31, 2025. Any forward-looking statement made by us in this press release is based only on information currently available to us and speaks only as of the date on which it is made. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.
Contact
[email protected]
800-460-1039
| ● | Q1 2025 revenue increased 4% YoY to $6,770,886 | |
| ● | Commenced reorganization and strategic shift to regulated market operating profile | |
| ● | Successfully submitted initial licensing application to access Ontario’s regulated online gambling market | |
Las Vegas, Nevada, May 15, 2025 (GLOBE NEWSWIRE) — High Roller Technologies (“High Roller” and the “Company”) (NYSE: ROLR), operator of premium online casino brands High Roller and Fruta, today reported its financial results for the first quarter ended March 31, 2025. High Roller currently offers more than 5,300 games from over 90 game providers, representing one of the widest online casino game portfolios in the world, including video slots, blackjack, roulette, baccarat, craps, video poker, and more.
Ben Clemes, Chief Executive Officer at High Roller Technologies, commented, “Beginning in Q1 and leading into Q2, we began executing against a strategic plan and staff reorganization to focus exclusively on high-potential regulated markets. We expect this will lower both operating cost and risk, and position the Company for scalable, sustainable long-term growth. While we experienced modest revenue growth as compared to Q1 2024 and we acknowledge the widened operating loss, we expect to increase our cash flow and margin in the second half of 2025 commensurate with the ongoing strategic plan.”
As part of this strategic plan, High Roller has started the process of winding down operations in the last remaining non-growth markets. Additionally, the Company has commenced its preparations to focus on regulated market opportunities in Canada and Finland, highlighted by the completion and submission of the Company’s initial licensing application in Ontario. Subject to licensure and regulatory approval, the Company plans to launch operations in Ontario in H2 2025, significantly expanding its total addressable revenue opportunity.
“Launching in Ontario is our first step into North America,” said Clemes. “We’re also thrilled to see Alberta take action to open a competitive regulated market. The momentum we built towards the end of Q1 has carried into Q2, and we’re gaining strength.”
Q1 2025 Highlights
| ● | The Company strengthened its leadership team with the hiring of industry veterans Emily Micallef (Chief of Staff), and Seth Young (SVP Corporate Strategy & Investor Relations). | |
| ● | Successfully submitted its initial licensing application to enter the Ontario online gambling market. | |
| ● | Added 761 new games, bringing its leading portfolio to over 5,300 games from over 90 providers. | |
| ● | In Q1 we had nearly 30,000 active users, a 34% increase from the previous corresponding period. | |
| ● | Significantly decreased direct operating expenses due to lower third-party affiliate costs | |
| ● | Commenced a brand refresh and revitalization of High Roller and Fruta in anticipation of regulated market expansion | |
| ● | Commenced re-optimization and reallocation of marketing spend leading into Q2 | |
First Quarter 2025 Financial Summary
| ● | The Company reported total revenue of $6.8 million for the first quarter ended March 31, 2025, an increase of 4%, as compared to $6.5 million during the same quarter that ended March 31, 2024 | |
| ● | The net loss was $3.3 million for the three months ended March 31, 2025, as compared to net loss of $1.8 million for the first quarter ended March 31, 2024. | |
| ● | The Company reported a net loss per share of $ (0.39) for the three months ended March 31, 2025, compared to net loss per share of $ (0.26) for the three months ended March 31, 2024. | |
| ● | Cash and cash equivalents totaled $4.5 million, $1.0 million of which is restricted, for the three months ended March 31, 2025. | |
Financial Results
Additional information with respect to the Company’s business, operations and financial condition as of and for the three months ended March 31, 2025 is contained in the Company’s Quarterly Report on Form 10-Q for the three month period ended March 31, 2025, which has been filed with the U.S. Securities and Exchange Commission (the “SEC”) at www.sec.gov.
About High Roller Technologies, Inc.
High Roller Technologies, Inc. is a leading global online gaming operator known for its innovative casino brands, High Roller and Fruta, listed under the ticker ROLR on the NYSE. The Company delivers a cutting-edge real-money online casino platform that is intuitive and user-friendly. With a diverse portfolio of over 5,000 premium games from more than 90 leading game providers, High Roller Technologies serves a global customer base, offering an immersive and engaging gaming experience in the rapidly expanding multi-billion iGaming industry. The online casino features enhanced search engine optimization, machine learning, seamless direct API integrations, faster load times, and superior scalability.
As an award-winning operator, High Roller Technologies continues to redefine the future of online gaming through innovation, performance, and a commitment to excellence. For more information, please visit the High Roller Technologies, Inc. investor relations website, X, Facebook, and LinkedIn pages.
Forward Looking Statements
Certain statements in this press release constitute “forward-looking statements” within the meaning of the federal securities laws. Words such as “may,” “might,” “will,” “should,” “believe,” “expect,” “anticipate,” “estimate,” “continue,” “predict,” “forecast,” “project,” “plan,” “intend” or similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include such factors as discussed throughout Part I, Item 1A. Risk Factors and Part II, Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations of our Annual Report on Form 10-K for the year ended December 31, 2024 and throughout Part I, Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations and in Part II, Item 1A. Risk Factors of our Quarterly Report on Form 10-Q for the quarter ended March 31, 2025. Any forward-looking statement made by us in this press release is based only on information currently available to us and speaks only as of the date on which it is made. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.
Contact:
[email protected]
800-460-1039
HIGH ROLLER TECHNOLOGIES, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)
(Unaudited)
| For the Three Months Ended | ||||||||
| March 31, | ||||||||
| (in thousands, except share and per share data) | 2025 | 2024 | ||||||
| Revenues, net | $ | 6,771 | $ | 6,507 | ||||
| Operating expenses | ||||||||
| Direct operating costs: | ||||||||
| Related party | 447 | 752 | ||||||
| Other | 2,233 | 2,577 | ||||||
| General and administrative: | ||||||||
| Related party | 2 | 17 | ||||||
| Other | 2,800 | 2,689 | ||||||
| Advertising and promotions: | ||||||||
| Related party | 726 | 193 | ||||||
| Other | 3,412 | 1,844 | ||||||
| Product and software development: | ||||||||
| Related party | — | 90 | ||||||
| Other | 363 | 170 | ||||||
| Total operating expenses | 9,983 | 8,332 | ||||||
| Loss from operations | (3,212 | ) | (1,825 | ) | ||||
| Other expenses | ||||||||
| Interest expense, net | (46 | ) | (26 | ) | ||||
| Other (expense) income | (1 | ) | 2 | |||||
| Total other expenses | (47 | ) | (24 | ) | ||||
| Loss before income taxes | (3,259 | ) | (1,849 | ) | ||||
| Income tax expense | 17 | — | ||||||
| Net loss | $ | (3,276 | ) | $ | (1,849 | ) | ||
| Other comprehensive income (loss) | ||||||||
| Foreign currency translation adjustment | 48 | (88 | ) | |||||
| Comprehensive loss | $ | (3,228 | ) | $ | (1,937 | ) | ||
| Net loss per common share: | ||||||||
| Net loss per common share – basic and diluted | $ | (0.39 | ) | $ | (0.26 | ) | ||
| Weighted average common shares outstanding – basic and diluted | 8,374,928 | 6,992,893 | ||||||
HIGH ROLLER TECHNOLOGIES, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS
| As of March 31, |
As of December 31, |
|||||||
| (in thousands, except share and per share data) | 2025 | 2024 | ||||||
| (Unaudited) | ||||||||
| Assets | ||||||||
| Current assets | ||||||||
| Cash and cash equivalents | $ | 3,543 | $ | 6,869 | ||||
| Restricted cash | 990 | 1,085 | ||||||
| Prepaid expenses and other current assets | 803 | 825 | ||||||
| Total current assets | 5,336 | 8,779 | ||||||
| Due from affiliates | 1,056 | 1,624 | ||||||
| Property and equipment, net | 388 | 372 | ||||||
| Operating lease right-of-use asset, net | 902 | 910 | ||||||
| Intangible assets, net | 5,091 | 4,899 | ||||||
| Other assets | 47 | 41 | ||||||
| Total assets | $ | 12,820 | $ | 16,625 | ||||
| Liabilities and stockholders’ equity | ||||||||
| Current liabilities | ||||||||
| Accounts payable | $ | 1,504 | $ | 1,560 | ||||
| Accrued expenses | 4,056 | 4,307 | ||||||
| Player liabilities | 1,074 | 662 | ||||||
| Due to affiliates | 2,442 | 3,406 | ||||||
| Short-term unsecured notes payable to stockholders | — | 90 | ||||||
| Operating leases obligation, current | 206 | 143 | ||||||
| Total current liabilities | 9,282 | 10,168 | ||||||
| Other liabilities | 24 | 7 | ||||||
| Operating lease obligation, noncurrent | 713 | 729 | ||||||
| Total liabilities | 10,019 | 10,904 | ||||||
| Stockholders’ equity | ||||||||
| Preferred stock, $0.001 par value; 10,000,000 shares authorized; none issued and outstanding as of March 31, 2025 and December 31, 2024 | — | — | ||||||
| Common stock, $0.001 par value; 60,000,000 shares authorized; 8,375,350 shares and 8,350,882 shares issued and outstanding as of March 31, 2025 and December 31, 2024, respectively | 8 | 8 | ||||||
| Additional paid-in capital | 31,865 | 31,557 | ||||||
| Accumulated deficit | (30,419 | ) | (27,143 | ) | ||||
| Accumulated other comprehensive income | 1,347 | 1,299 | ||||||
| Total stockholders’ equity | 2,801 | 5,721 | ||||||
| Total liabilities and stockholders’ equity | $ | 12,820 | $ | 16,625 | ||||
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