Saratoga Casino Holdings Makes US$1m Strategic Investment in High Roller Technologies
The investment was completed via a private placement of restricted shares of High Roller’s common stock, priced at $2.80 per share.
Saratoga Casino Holdings has made a US$1m strategic investment in High Roller Technologies, the company behind the High Roller and Fruta online casino brands.
The investment was completed via a private placement of restricted shares of High Roller’s common stock, priced at $2.80 per share.
Saratoga, which operates casino properties across New York, Pennsylvania, Colorado and Mississippi, is using the deal to make its first move into the online gaming sector.
“This strategic investment from Saratoga is a strong vote of confidence in our business model and growth strategy,” said 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,” added Samuel Gerrity, CEO of Saratoga Casino. “High Roller’s growth trajectory is extremely compelling, and we are thrilled to support the company with this strategic investment.”
