iGaming Studio for Sale

iGaming Studio for Sale

Business Overview:

• Canada-based iGaming studio

• Dual-certified portfolios:

  • Class II: 70+ NIGC-certified bingo-style titles (largest global catalog)

  • Class III: 80+ GLI-19-certified RNG slot/table games

• Technology: Java/Apache backend, HTML5 frontend, API-first (JSON/REST), hosted on AWS (~$700/mo)

Key Highlights:

• Recurring Revenue: Low-mid six-figure ARR (conservative); signed contracts to push ARR toward high-six figures

• High Margins: ≈75% gross margin; lean operation: one full-time technical lead, outsourced design/QA/support, commission-only sales reps

• Regulatory Compliance: Certified in NIGC, GLI, U.K., Canada, Australia, Isle of Man; zero compliance issues

• Established Client Base: 10 active clients (tribal casinos and online platforms), 10 pending deployments, 10 late-stage prospects

• Experienced Team: Founder/CEO (sole shareholder) with 20+ years in gaming; full-time technical lead committed to stay

Transaction Details:

• Structure: 100% equity sale

• Valuation: 2.5×–3.5× ARR (subject to due diligence, backlog/pipeline adjustments)

• Consideration: ≥70% upfront cash; ≤30% earn-out tied to revenue milestones

• Due Diligence: 45-day exclusivity; target closing Q3 2025

Included Assets:

• All IP (source code, game assets, artwork, sound, trademarks)

• NIGC & GLI certifications

• Domain names & websites

• AWS accounts & DevOps scripts

• Client contracts (subject to consents) & receivables

Management & Transition:

• 30-day handover by Founder/CEO and technical lead

• Optional 6–12 month advisory retainer

• Team (CTO, designers, QA, support) committed to stay

• Founder non-compete (24 months, key markets)

For Confidential Inquiries & NDA:

Web: https://casinosbroker.com/contact/

Email gabriel@casinosbroker.com with subject “iGaming Studio Listing ID: 137.”

All information is based on seller disclosures; prospective buyers should conduct their own due diligence.

Frequently Asked Questions

What is the difference between Class II and Class III gaming certification and why does dual certification matter?

Class II gaming covers bingo-based games typically deployed in tribal gaming facilities in the US, regulated under the National Indian Gaming Commission (NIGC). Class III covers all other casino-style games — slots, table games, and video poker — regulated at the state level and certified under standards such as GLI-19. Dual certification is rare and highly valuable: it opens two distinct distribution channels simultaneously — the tribal gaming market (Class II) and the commercial casino and online gaming market (Class III) — dramatically expanding the studio’s addressable operator base.

Are the game certifications transferable to a new owner?

NIGC certifications are tied to the submitting entity and typically require re-notification or resubmission when ownership changes. GLI-19 certifications follow a similar process. The transfer timeline and re-certification requirements are assessed as part of CasinosBroker’s due diligence process. In many cases, the games remain distributable during the transition period under existing operator agreements while re-certification is completed.

What distribution agreements are currently in place?

Active distribution agreements, operator relationships, and revenue share terms are disclosed to qualified buyers under NDA. The distribution footprint — which operators currently deploy the studio’s titles — is a key component of the asset’s valuation and is documented in full in the listing package.

Who is the ideal buyer for a dual-certified iGaming studio?

This asset is most relevant to three buyer profiles: an established game aggregator seeking to expand their certified content library; a tribal gaming operator wanting to bring game development in-house; or a strategic acquirer from outside North America seeking an established route into the US tribal and commercial gaming markets through a pre-certified content portfolio.

What does “lean, high-margin operation” mean in practice?

The studio operates with a small core team — common for content studios at this scale — keeping fixed costs low relative to the revenue generated by the certified game library. Full team structure, headcount, and cost breakdown are included in the financial documentation available under NDA.