High Roller Technologies: A Roll of the Dice in the Online Gaming Market

High Roller Technologies, Inc. (NYSE American: ROLR), operator of and, each a premium brand in online gaming and a destination for high rollers, has provided a corporate update with recent milestones. The company, which went public on the NYSE American in October 2024, has seen significant growth and industry recognition since its IPO.

Financial and Operational Achievements

High Roller reported a significant 30% quarter-over-quarter (QoQ) revenue growth for the three months ended September 30, 2024, bringing total revenue to $7.5 million. This growth was achieved through cost optimization and strong marketing performance. The company also successfully completed its IPO on the NYSE American in October 2024, raising gross proceeds of $10 million. Net proceeds from the IPO were used for expansion, new user acquisition, launching new brands/verticals, and working capital.



The company experienced a 54% QoQ increase in first-time depositors, from 13,422 in Q3 2024 to 20,669 in Q4 2024, and a 37% increase in active players, from 25,273 in Q3 2024 to 34,653 in Q4 2024. These impressive user growth metrics indicate the company's ability to execute on its strategic growth initiatives.

Strategic Planning and Industry Recognition Updates

In January 2025, High Roller appointed industry veteran Kristofer Muscat as its new Chief Operating Officer. Muscat will oversee operational strategy, drive growth initiatives, and enhance the company's commitment to delivering premium experiences in the online gambling and iCasino gaming industry. The company also won multiple prestigious gaming awards at the 2024 WN iGaming Summit, including Casino Operator of the Year, iGaming Leader of the Year, and Best Player Retention 2024 at the SiGMA Europe B2C Awards.

High Roller continues to build on its vision of providing one of the most immersive and engaging online casino gaming experiences in the industry. The company is looking to expand its product offerings to over 4,000+ games, including deeper market penetration and expanding the addressable market in Ontario, Canada.

Ben Clemes, Chief Executive Officer at High Roller Technologies, commented on the company's progress:

> "We saw solid revenue growth of 60% from 2022 to 2023, and as of our last published Q3 results, we had a 30% QoQ increase in revenue which we were tremendously proud of. Post-IPO, progress of our business has been excellent, as we’ve seen increases in first time depositors and active users QoQ across our brands. This growth in new users and deposits speak volumes to our ability to execute on our strategic growth."

Clemes also highlighted the company's plans to allocate capital to start the license process in Ontario, which will increase its total addressable market substantially and is a natural expansion to its existing Canadian business.

High Roller Technologies: A Promising Bet in the Online Gaming Market

High Roller Technologies' impressive financial and operational achievements, strategic planning, and industry recognition updates demonstrate the company's strong position in the online gaming market. With a focus on cost optimization, marketing performance, and user growth, High Roller has shown its ability to execute on its strategic growth initiatives. The company's plans to expand its product offerings and enter the Ontario market further solidify its position as a promising bet in the online gaming market. As High Roller continues to deliver premium experiences and drive innovation, investors should keep a close eye on this up-and-coming online gaming operator.