Games Global Announces $100M IPO, Sprints Ahead in Online Casino Race


In a bold move signaling an incredible growth trajectory, Games Global, an established gaming content developer renowned for its casino games, tipped its hat to Wall Street, announcing plans to launch a $100 million initial public offering (IPO). The Isle of Man-based firm, which cracked open the doors to its operations in 2021, will soon be synonymous with the thickly-lettered ticker, “GGL,” on the New York Stock Exchange (NYSE).

Games Global’s rich portfolio paints an eclectic picture, boasting an impressive array of games from internet-based progressives and video bingo to trendy slots and meticulously detailed virtual table games. Offering more than just fun and games, the company provides business-to-business solutions to online operators, a tech-savvy angle to an otherwise traditional entertainment medium.

Follow us on Google News! ✔️

Behind the scenes, Games Global deploys a team of forty in-house and partnered studios, which, over the last two decades, breathed life into more than 1,300 games, each now an integral part of the company’s collection. As of yet, neither the pricing terms nor the date for the offering have been unveiled. Well-known financial heavyweights, J.P. Morgan, Jefferies, Macquarie Capital, and Barclays, serve as joint bookrunners underpinning the historic transactions.

This decision sees the London Stock Exchange (LSE) squinting at yet another loss, as business briskly clips away across the Atlantic to American exchanges, perpetuating a trend that has been noticeably impacting London’s vibrant financial hub. The ripple crossed industries other than gaming too, with UK-based semiconductor manufacturer Arm Holdings, grabbing headlines with their IPO launched in New York after sidestepping London.

The relocation hasn’t gone unnoticed. While some believe Brexit burdens the London scene, pushing companies Stateside, other market experts contend a New York reference price offers a wider range of potential investors and opens channels to deeper liquidity and substantial capital, ultimately carrying a higher valuation.

The stake for Games Global could hold an irresistible allure. Although legislative efforts faltered in expanding the current number of six internet gaming-permitted US states, online casinos display no signs of fading from the big picture. A growth vision focused on the glaring profitability margins online betting presents places internet casinos squarely on the map.

Unique, captivating content remains central to operators maximizing this potential, possibly whetting investor appetites for Games Global’s services and IPO. The gaming behemoth exhibits impressive fiscal muscle, with revenue escalating from the previous year’s $178.51 million to 2023’s projected sales of $381 million. Last year saw the company record a tremendous $114.49 million in profit, comfortably overtaking its 2022 profit of $103.34 million. Games Global’s profitable track suggests investors could snag their dividends sooner than later, elevating the IPO’s appeal.

Previous articleEthereum Struggles with Resistance at $3,200 Amid Pricing Recovery Turbulence
Next articleCrypto Crash: Insights and Potential Surge Predicted Amid Halving Event Looms
Melinda Cochrane is a poet, teacher and fiction author. She is also the editor and publisher of The Inspired Heart, a collection of international writers. Melinda also runs a publishing company, Melinda Cochrane International books for aspiring writers, based out Montreal, Quebec. Her publication credits include: The art of poetic inquiry, (Backalong Books), a novella, Desperate Freedom, (Brian Wrixon Books Canada), and 2 collections of poetry; The Man Who Stole Father’s Boat, (Backalong Books), and She’s an Island Poet, Desperate Freedom was on the bestseller's list for one week, and The Man Who Stole Father’s Boat is one of hope and encouragement for all those living in the social welfare system. She’s been published in online magazines such as, (regular writer for) ‘Life as a Human’, and Shannon Grissom’s magazine.