Lady Luck Games has furnished an exclusive letter of intent formalizing its bid to purchase Revolver Gaming, a game development firm based in London. 

Lady Luck Games – Revolver Gaming Acquisition 

About the deal  

In a press release on Wednesday, the Swedish-based iGaming firm said it plans to close the acquisition through payment of cash and newly-issued shares.

Lady Luck Games will be paying Revolver Gaming investors €750,000 in cash and 4.2 million newly issued shares. The share’s value is adjusted at SEK 3.00. 

As of Wednesday, the total number of Lady Luck’s outstanding shares has a value of 44,905,472. 

Corporate Insights 

The Stockholm-headquartered firm expects the acquisition of Revolver Gaming to prop up its commercial presence in key markets and strengthen its in-house software development capability. 

Revolver Gaming lauds its aggregator platform, which supports “frictionless” integration to third-party gaming providers. It will allow Lady Luck’s partner operators and affiliates to secure access to newly-published real-money games and third-party content in a fast and cost-effective way. 

Apart from its efficient distribution capability via its RGS platform, Revolver also provides customized game design and development services. The studio has been creating tailored and exclusive content. These games are designed and developed using the HTML5 language. 

Lady Luck Games vow full support for Revolver Gaming in every step of its “strong development roadmap.” The company added that its latest M&A move paves the way for creating a better and more engaging lineup of real-money games, which will hit the market within the next six months. 

With a much-improved integration pipeline and game development unit, Lady Luck Games believes it sets off the company right on the path for accelerated growth in 2022 and beyond.

Quotes from the Press Release  

Daniel Lazarus, founder of Revolver Gaming, said: “The opportunity for a merger between Lady Luck Games and Revolver Gaming is fantastic for both parties.

“Ever since we started our first discussions, we have been impressed by their passion for our business and their willingness to support our ambitious plans for the future.

”The potential synergies, the expanded market reach that the deal brings and the amazing team at has convinced us that Revolver, with support from Lady Luck, will continue to develop in the best possible way and further strengthen our commercial presence and customer offering. We are glad to start this journey together and look forward to exciting years ahead.”

Mads Jørgensen, CEO of Lady Luck Games, added: “This is our second acquisition in the last three months and I am pleased to be able to show our shareholders and the market that we are delivering on our set acquisition strategy.

”The fact that LL Lucky Games can acquire a company of this calibre is a clear signal of strength. We have identified a number of clear synergies and I am extremely happy to have the privilege of working with the ambitious team at Revolver Gaming in the future.

”By combining the innovation of the Revolver team with the industry know-how of two igaming legends like Carl Waahlin and John Penntoft, I am convinced that we will have great benefit in the coming years by utilising their expansive knowledge and networks, particularly in the important Asia market.”