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Midnite secures $100m finance deal to accelerate growth and disrupt UK iGaming sector
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Midnite, the hyper-growth UK sportsbook and casino, has announced it has received a credit financing deal worth up to $100m from House Advantage Fund (“HAF”) to facilitate its continued growth in the UK iGaming market and continue its push to become a tier-1 operator.
The revolving credit facility is provided by HAF, the specialised user acquisition financing strategy, provided by Discerning Capital, a leading Las Vegas-based growth capital investment firm that focuses on the regulated gambling and gaming sectors, which led Midnite’s Series B funding round earlier this year, and PvX Capital, a Singapore-based financial services firm focused on user acquisition financing for consumer apps.
With access to user acquisition funding, Midnite can grow and simultaneously build a cash reserve for non-marketing investments. These cash reserves can then be used flexibly and strategically to invest in growth initiatives such as accelerated hiring and product development while their top line revenue continues to grow.
HAF allows for continued growth and investment into user acquisition with the traditional financial constraints that remain prevalent in the broader gaming industry. Furthermore, credit financing removes the risk of unnecessary dilution when scaling at speed.
Nicholas Wright, Midnite’s Chief Executive Officer, said: “This partnership allows us to triple down on both performance and brand marketing campaigns, while preserving cash for innovation and expansion. The flexibility of the House Advantage structure means we can pursue our long-term strategy with greater conviction and fewer trade-offs.
“This arrangement also signifies the strength of the partnership Midnite has with Discerning Capital. The confidence the team has in what we are doing at Midnite allows us to strive for continued growth and execute our strategy to disrupt the gaming industry for good.”
Commenting on the deal, Davis Catlin, Managing Partner at Discerning Capital, said: “For too long, the growth trajectory of online wagering operators has been constrained by the limitations of traditional venture capital or credit, which is hard to obtain across the broader gaming ecosystem.
“By tying capital deployment to actual marketing performance, we unlock sustainable, aggressive scale without forcing operators into unnecessary equity dilution or onerous repayment structures. This credit facility for Midnite sets a new benchmark for how ambitious firms in our sector can finance growth.”
In April, Midnite announced the close of its successful series B funding round. Worth $10m, the funding round was led by Discerning Capital, the Raine Group, and Play Ventures, with additional investment from Venrex and Big Bets. This brought Midnite’s total capital raised to more than $35m.
Midnite’s sportsbook was launched in 2018 by Nick Wright and Daniel Qu, who previously created daily fantasy sports platform Dribble in partnership with Sky Bet. Midnite added horse racing and casino to the product mix in 2023 and Midnite’s team has grown from 60 to 150 over the past 12 months.
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ProgressPlay, a leading B2B iGaming platform provider, used the SBC Summit 2025 to present a major upgrade to its standalone iGaming platform. The release focuses on giving operators end-to-end control of their environment, with greater flexibility in customisation, compliance management, and scalability, which is engineered for ambitious operators who demand complete creative and commercial autonomy.
“For too long, operators have faced a difficult choice: launch quickly with a constrained white-label or embark on a costly technical build. Our standalone platform shatters that compromise,” said Itai Loewenstein, CEO of ProgressPlay. “We provide the robust engine of a proven platform with the absolute freedom to build a brand that is entirely their own. This is about handing them the keys to their kingdom.”
The upgraded solution delivers tangible competitive advantages by granting operators unmatched brand sovereignty and complete control over every customer touchpoint. It ensures full data ownership for advanced analytics and personalised engagement, while a transparent commercial model protects profitability by removing revenue share traps.
Built on an API-driven infrastructure, the platform allows for third-party integrations and effortless scaling into new markets. Most significantly, operators own the platform outright, future-proofing their investment as a valuable business asset.
This powerful standalone solution complements ProgressPlay’s established portfolio, attuned for every business model, from emerging brands to established enterprises; the platform delivers a complete ecosystem. Operators can launch dynamic casino, bingo, and sportsbook verticals, along with specialised sweepstakes solutions, all supported by thousands of games and advanced operational tools.
The demonstration at Stand B410 also highlighted the platform’s unparalleled flexibility, showcasing how its modular architecture allows operators to start with a streamlined solution and seamlessly expand into a full-scale, standalone operation. This scalable approach ensures that ProgressPlay is the single, long-term technology partner capable of supporting an operator’s growth from market entry to market leadership.
Attendees experienced a live demonstration at the stand. “The enhanced enterprise solution empowers operators with unprecedented freedom, control, and scalability to shape the iGaming landscape,” added Marina Nahhas, Head of B2B Sales and Marketing at ProgressPlay.
The post ProgressPlay Standalone Platform Redefines Operator Freedom at SBC Summit 2025 appeared first on European Gaming Industry News.
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How many times have you seen the same thing: fruits on the reels, endless sevens, typical free spins? It feels like the industry ran out of ideas a long time ago.
Now forget it.
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Who’s doing all this?
Dream Play employs professionals with many years of experience in iGaming, math, game design and development. Everyone is responsible for their own area and understands how to make a product stable, technological and in demand. This is what allows us to create games that meet high industry standards and keep players’ attention.
Recent releases
Sweet Crumbles is a light but unpredictable slot where a simple idea turns into a series of colorful combinations and unexpected wins.
Emojinator – a game that makes emotions work for you: familiar symbols become the key to bonuses and cool chips.
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Jiggly Joker is a charismatic character who turns every game into a show. The slot is full of unexpected features and bright moments that don’t let you get bored.
We can talk a lot about them, but it’s better to open and see for yourself. It’s not “just another slot”, it’s an example of how an idea is made into a product you can’t really get away from.
You can explore Dream Play games by following this link:
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WinaDay Casino.eu, celebrating its 17th anniversary this year, announces another major portfolio expansion by partnering with TaDa Gaming and Mancala. The collaboration adds over 200 new games—133 from TaDa and 81 from Mancala—bringing the total number of games close to 600 and dramatically diversifying the casino’s library and player options.
“After 17 years, our goal remains the same: to constantly seek ways to elevate our players’ experience and fun,” said Michael Hilary, WinaDay Casino. “Partnering with dynamic studios like TaDa Gaming and Mancala Gaming is a key part of that strategy. Adding over 200 games at once is a second monumental anniversary update. Whether players are looking for adventurous story-driven slots or classic fruit machine action, there’s something new and exciting for everyone to discover.”
Players are invited to dive into the new collection with these standout titles:
- Bikini Lady by TaDa Gaming: Escape to a bright, tropical island with this 6×5 slot. Featuring medium volatility, cascading reels, and an exciting bonus reel, Bikini Lady offers free spins and a buy bonus feature for non-stop sunny action.
- The Twin Wins Mystery by Mancala Gaming: Enter the foreboding gates of a mansion shrouded in mystery, where twin sisters met a grim fate. This highly volatile 5-reel slot challenges players to solve the enigma with features like Shifting Wilds that move across the reels, Expanding Wilds that cover entire reels, and a Twin Spins mode where wilds lock in place for guaranteed wins. The haunting free spins round can be retriggered, offering the potential for a truly epic payout.
- Jackpot Joker by TaDa Gaming: For fans of classic slots, Jackpot Joker delivers a 3×3 fruit machine experience with a modern twist. With 5 paylines and medium volatility, the Joker symbol acts as a wild, triggering free respins, multipliers, and the chance to win local jackpots.
This is just a glimpse of the extensive new catalog. The casino also hinted at more amazing content on the horizon, including a spooky new game set to be released in late October, just in time for Halloween!
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The post WinaDay Casino Expands Content with 200+ New Games from TaDa Gaming & Mancala appeared first on European Gaming Industry News.
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