Gamblit Gaming Raises New Growth Capital To Support Ongoing Skill-Based Gaming Launches

GLENDALE, Calif., May 9, 2017 /PRNewswire/ -- Gamblit Gaming, the leading publisher for real-money and skill-based gaming for land based casinos, today announced it has raised $25 million in new growth financing.

"There is significant demand from casino operators for our innovative products. We have begun to launch field trials in Las Vegas under the Nevada Gaming Control Board's New Innovation Beta program, and player engagement has been very strong," said Eric Meyerhofer, Chief Executive Officer of Gamblit Gaming. 

"As Gamblit prepares for full commercial launch of its gaming products in Las Vegas and other gaming jurisdictions, we're confident our new investor relationships will drive growth as they share in our vision," added Miles Arnone, Chairman of Gamblit Gaming.

Gamblit's Model G™ interactive game tables are now live in Las Vegas and are the first multiplayer skill games on the casino floor. Locations with Gamblit hardware and games include Planet Hollywood Resort & Casino, the Hakkasan Group managed Level Up gaming lounge at the MGM Grand Hotel & Casino, Caesars Palace Las Vegas Hotel & Casino, the LINQ Hotel & Casino and Paris Las Vegas Hotel & Casino with many more properties to be added soon. Gamblit's skill games and tables are also live at Harrah's Resort Southern California, the first location in the state to offer skill games, as well as Harrah's Lake Tahoe Hotel & Casino.       

Stifel acted as exclusive financial advisor to Gamblit Gaming in the transaction.  

About Gamblit Gaming:

Gamblit Gaming is the leading publisher of real money and skill gaming in video games, enabling a wide range of game genres to accommodate gambling experiences at land based casinos worldwide. Gamblit's platform provides all essential regulated technology, customer operations, and licenses; freeing up game developers, publishers, and casino operators to focus on making the best possible game experience for their players. Founded with the goal of bridging the gap between video games and casinos, Gamblit's executive team has deep roots in both industries.

Media Contacts:
Karina St. Jean / Amy Pandya
Tel: 310-854-8112 / 310-854-3418
Email: [email protected] / [email protected]

SOURCE Gamblit Gaming