The online gaming industry has been abuzz with some landmark real money gaming acquisitions in the recent past. Right from Octro Inc to Dream11, we saw several companies taking acquisition routes to expand their foothold in the market. Currently in the spotlight is OneVerse, a metaverse and gaming-tech trailblazer making headlines with its pivotal acquisition of Spartan Poker. This marks the company’s first acquisition in the Indian RMG sector and comes as part of the strategy to consolidate the gaming market, reshape the future of gaming and position itself as India’s premier gaming entity.
OneVerse is also looking to close a few additional deals in the next few months with a budget of $120 million, which is an indicator of a surge in acquisitions and the future growth in India’s RMG space.
Now, as you ponder, “What do businesses consider when acquiring a company in the RMG sector?” This question becomes more pertinent in light of OneVerse’s strategic initiatives. To address this, CNBC TV-18 recently conducted an insightful interview with E. Paul Michael, CEO of One Verse Gaming, and Amin Rozani, CEO of Spartan Poker. The interview provided insights into the essential factors businesses consider when making an acquisition move within the real money gaming space.
Let us get into the key takeaways and highlights emerging from this CNBC TV-18 interview!
Industry Expertise and Reputation
Spartan Poker’s decade-long experience, strong presence in the market and leadership in tournament space played a decisive role in its acquisition. Paul Michael acknowledged their understanding of the poker ecosystem, player nuances, retention strategies, cost management, and expertise in operations.
A Move For Strategic Alignment and Synergies
Paul Michael spotlighted the significance of their strategic alignment, outlining how Spartan Poker’s expertise can help to fulfill their ambitious goal of becoming India’s premier gaming company. According to Paul, Spartan Poker has an understanding of player nuances, retention strategies, costing, and player acquisition and both companies aim to leverage these synergies in the RMG space.
Spartan Poker’s Growth under One Verse Backing
Spartan Poker, with over two million users and revenues exceeding 200 crore rupees, anticipates substantial growth under One Verse’s mentorship. As Amin Rozani outlined, the collaboration provides access to One Verse’s vast knowledge, a talented pool of resources, and capital infusion for technological advancements, which will help Spartan Poker to improve their products and offerings. With these benefits, Rozani anticipates to achieve high profitability in the upcoming financial year.
ALSO READ – BREAKING NEWS: ONEVERSE ACQUIRES SPARTAN POKER; UNVEILS $120M FOR RMG SECTOR
One Verse’s Expansion Plans
Paul Michael disclosed that One Verse is looking for additional acquisitions in the next 3 months with a $120 budget. The company is exploring opportunities in real money gaming, fantasy sports, esports, and casual games. The goal is to identify companies that can contribute to building better technology, offering innovative products, and ensuring seamless user experiences. Paul also shed light on their plan to acquire over 15 companies in the next 1 to 1.5 years. The focus will be on mentoring, providing financial and technological support, and achieving enhanced profits within the next year.
For a detailed insight into considerations for RMG acquisition, watch the full interview below!
So, a successful real money gaming acquisition revolves around industry expertise and reputation, strategic alignment and synergies, technological innovation, diversification, mentorship and access to resources, profitability goals and clear vision for long-term growth.
Source: CNBC TV-18
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