Hacksaw Gaming, a leading mobile games provider, has achieved a significant milestone by obtaining its provisional license in West Virginia, marking its first entry into the US market. This latest achievement follows the company’s successful licensing approvals in Romania and the Isle of Man in 2022. Hacksaw Gaming’s CEO, Marcus Cordes, credits the company’s impressive game portfolio and engaging content for this remarkable feat. With plans to launch its content in West Virginia through a partnership with Light & Wonder in early 2023, Hacksaw Gaming is positioned for further growth.
Hacksaw Gaming’s Expansion Journey:
Hacksaw Gaming, renowned for its captivating mobile games, has been granted a provisional license in West Virginia, a pivotal step towards entering the lucrative US market. This comes after the company secured licensing approvals in Romania and the Isle of Man in 2022, establishing its reputation as a trusted and compliant gaming provider. Furthermore, Hacksaw Gaming’s partnership with Light & Wonder is set to launch its content in West Virginia’s regulated market during the first quarter of 2023, providing a unique opportunity for the company to engage with US players.
High-Quality Content Paving the Way:
The approval of Hacksaw Gaming’s license in West Virginia serves as a testament to the high quality and innovation of its games portfolio. Marcus Cordes, the CEO of Hacksaw Gaming, attributes the success to the company’s dedication to crafting robust and engaging content that resonates with players worldwide. With a focus on delivering excellent and memorable products, Hacksaw Gaming aims to capture the US market’s attention and further solidify its position as a leading gaming provider.
Exciting US Strategy:
Christine Bordeaux, Hacksaw Gaming’s SVP of compliance North America, emphasizes the company’s exciting strategy for the US market. With the backing of a passionate team, Hacksaw Gaming is committed to creating captivating gaming experiences that delight players in the region. By adhering to strict compliance measures, the company aims to ensure a seamless and enjoyable gaming environment for its expanding US player base.
Global Success and Licensing:
Prior to its US license approval, Hacksaw Gaming achieved remarkable success on the international stage. The company’s supplier license from the Isle of Man Gambling Supervision Commission allowed it to offer its services to Isle of Man-licensed operators. Additionally, Hacksaw Gaming gained approval to enter the competitive Spanish gambling market, further solidifying its presence in Europe.
West Virginia Sports Betting Landscape:
West Virginia’s sports betting and iGaming handles experienced a boost in October, according to figures released by the West Virginia Lottery. Sports bets totaled $51.1 million, representing a 9% increase from September’s $46.9 million. Although there was a decline of 17.1% compared to the same period in 2021 ($61.7 million), the growth from September showcases the market’s potential for Hacksaw Gaming’s products.
Mobile Sports Betting on the Rise:
The mobile sports betting handle in West Virginia reached $42.1 million in October, marking a notable 13.2% increase from September’s $37.2 million. While there was a decline of 11.9% compared to October 2021’s $47.77 million, the continuous growth in mobile betting highlights the shifting preferences of players towards convenient and accessible gaming options.
Impressive Revenue Growth:
Despite the challenges posed by the pandemic, the sports betting revenue in West Virginia showed resilience and growth. In October, revenue reached $6.97 million, experiencing a significant 27.3% increase from September ($5.06 million) and an impressive 89.9% surge from October 2021 ($2.66 million). This impressive revenue growth underscores the potential for Hacksaw Gaming to achieve success in the region.
Hacksaw Gaming’s first-ever US license in West Virginia is a remarkable achievement, marking a strong year of expansion for the company. With a focus on high-quality content and a strategic approach to the US market, Hacksaw Gaming is well-positioned to captivate players and thrive in the region’s regulated market. The rise in sports betting and iGaming handles in West Virginia further indicates the market’s potential, presenting an excellent opportunity for Hacksaw Gaming to make a lasting impact. As the company continues to expand its reach globally, the future looks bright for Hacksaw Gaming as a leading mobile games provider in the industry.