News Online 28 Jan 2022
Low6 completes round of funding ahead of planned IPO
By Gambling Insider
Low6 has successfully completed the company’s latest round of funding, just ahead of an Initial Public Offering (IPO) that is expected to take place later this year.
The company had raised $5m that is to be used to fund its continued growth, in particular the company’s expansion into different US states.
Jamie Mitchell, Co-Founder and Group CEO of Low6, commented: “2021 was a successful year of growth for Low6, and the conclusion of our latest round of funding will allow us to accelerate our continued development in 2022.
“Throughout 2021, we continued to build our products and service offering, enabling us to win new partners and significant new contracts. With these new funds secured and a number of exciting new partners, we believe we are well placed to enjoy a successful 2022.”
The company has recently confirmed a partnership deal with the NBA Detroit Pistons, the NFL Cincinnati Bengals, the NFL Jacksonville Jaguars and the PGA Tour.
Low6 offers sports gaming technology that powers franchises with their own branded gaming experiences, to both engage and monetise digital fanbases.
Low6’s ‘Pick’em’ and fantasy games are native apps on both iOS and Android, and can also integrate directly into any existing official team app and website.
The company has released over 40 live products so far, to a fanbase of more than 300,000 users, who won a total of more than £1m ($1.3m) in cash prizes.
Nevada’s non-restricted gaming licensees have reported total gaming revenue of $1.15bn for December 2021, the state’s tenth consecutive month of over $1bn in gaming revenue. The figure, released…
Ever since the UK Government announced its long-awaited review of the Gambling Act 2005 back in December 2020, the industry has been waiting with bated breath on the outcome. In the meantime,…