Saratoga Casino Holdings makes strategic investment in High Roller Technologies
Saratoga operates casino properties in New York, Pennsylvania, Colorado, and Mississippi
High Roller Technologies, operator of the award-winning, premium online casino brands High Roller and Fruta, have announced that Saratoga Casino Holdings has made a $1m strategic investment in the company through a private placement of restricted shares of common stock of High Roller at a purchase price of $2.80 per share.
Saratoga operates casino properties in New York, Pennsylvania, Colorado, and Mississippi, and this investment marks their first step into the online gaming sector.
“This strategic investment from Saratoga is a strong vote of confidence in our business model and growth strategy,” commented Seth Young, Chief Executive Officer at High Roller. “This strategic alignment with Saratoga is an indication of our continued ambition to scale our platform, expand our market reach, and execute on our near- and long-term initiatives.”
“Over the past few years, we have been seeking the right opportunity to make our first investment in the online gaming sector,” said Samuel Gerrity, CEO of Saratoga Casino Holdings. “High Roller’s growth trajectory is extremely compelling, and we are thrilled to support the company with this strategic investment.”
HighRoller has also signed a Software Services & Support Agreement (SSSA) in which Altenar would provide High Roller with a fully managed B2B sports betting software solution for use on High Roller’s licensed sports betting websites.
“The addition of sportsbook to our product suite through Altenar offers us the opportunity to rapidly expand High Roller’s market position,” said Mr Young. “Altenar’s platform, risk management services, and 24/7 support model align with our goal to deliver a reliable and scalable user experience as we pursue the regulatory pathways and technical milestones required for launch.”
“We are excited to be working with High Roller and its team,” said Matthew Ferrara, Sales Manager, North America, of Altenar. “High Roller brings extensive customer reach, with proven delivery and execution across multiple online gaming brands, which are key elements that strongly support the anticipated partnering economics of our relationship. We look forward to working closely with the team in support of a successful integration and a timely launch.”
