High Roller Technologies applied for an online gaming license in Ontario, aiming to launch HighRoller.com in late 2025.
Quiver AI Summary
High Roller Technologies, the operator of the online casino brands High Roller and Fruta, has submitted its Internet Gaming Operator license application in Ontario, Canada, aiming to launch HighRoller.com in the latter half of 2025. CEO Ben Clemes highlighted the significance of this milestone, noting Ontario's robust online gambling market, which generated about $2.3 billion in gross gaming revenue in 2024. The company also plans to seek licensure in Alberta to expand further in Canada. High Roller Technologies aims to bring an innovative and engaging gaming experience with a diverse portfolio of over 5,000 games, emphasizing its commitment to excellence in the iGaming industry.
Potential Positives
- The submission of the Internet Gaming Operator license application is a key milestone for High Roller Technologies, allowing access to Ontario's regulated online gambling market.
- Launching in Ontario, one of the largest regulated online gambling markets, positions the company for significant revenue opportunities given the province's gross gaming revenue of approximately $2.3B in 2024.
- The company plans to further expand into Alberta once enabling legislation is passed, showcasing its intent for growth in the Canadian market.
- High Roller Technologies emphasizes its innovative online platform and extensive game portfolio, highlighting its competitive edge in delivering superior gaming experiences.
Potential Negatives
- The press release highlights that the submission of the license application does not guarantee approval, introducing uncertainty about the company's ability to enter the Ontario market.
- The use of "forward-looking statements" emphasizes the risks and unpredictability of future performance, which may raise concerns among investors regarding the company's prospects.
- The company's expansion plans into Alberta are contingent on new regulatory frameworks, which may further delay growth opportunities in the Canadian market.
FAQ
What recent development did High Roller Technologies announce?
High Roller Technologies announced the submission of its Internet Gaming Operator license application in Ontario, Canada.
When does High Roller plan to launch its online casino in Ontario?
The company targets the launch of HighRoller.com in the second half of 2025.
Why is Ontario significant for online gambling?
Ontario is one of the largest regulated online gambling markets globally, with approximately $2.3B in gross gaming revenue in 2024.
What is High Roller's brand promise in Ontario?
High Roller aims to bring an elegant brand and a tremendous product to new customers in Ontario.
Is High Roller Technologies expanding beyond Ontario?
Yes, the company intends to pursue licensure in Alberta to further expand its regulated market footprint in Canada.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$ROLR Insider Trading Activity
$ROLR insiders have traded $ROLR stock on the open market 13 times in the past 6 months. Of those trades, 13 have been purchases and 0 have been sales.
Here’s a breakdown of recent trading of $ROLR stock by insiders over the last 6 months:
- BRANDON CHRISTOPHER EACHUS has made 2 purchases buying 38,718 shares for an estimated $99,384 and 0 sales.
- BENJAMIN MICHAEL CLEMES (Chief Executive Officer) has made 5 purchases buying 15,500 shares for an estimated $55,480 and 0 sales.
- DANIEL WALDEMAR BRADTKE has made 2 purchases buying 10,900 shares for an estimated $33,821 and 0 sales.
- MICHAEL CRIBARI has made 2 purchases buying 7,472 shares for an estimated $22,188 and 0 sales.
- MATTHEW EVAN TEINERT (Chief Financial Officer) has made 2 purchases buying 2,000 shares for an estimated $12,670 and 0 sales.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
Full Release
Las Vegas, Nevada, May 27, 2025 (GLOBE NEWSWIRE) -- High Roller Technologies (“High Roller” and the “Company”) (NYSE: ROLR), operator of the premium online casino brands High Roller and Fruta , today announced the submission of its Internet Gaming Operator license application in Ontario, Canada, targeting the launch of its flagship brand HighRoller.com in the second half of 2025.
“The submission of our licensing application to access Ontario’s regulated online gambling market is an important milestone in our Company’s journey,” commented Ben Clemes, Chief Executive Officer at High Roller. “Once our application is approved, we anticipate that we will have the opportunity to launch our online casino product into the market later this year.”
Ontario is one of the largest regulated online gambling markets in the world as measured by gross gaming revenue. In 2024, regulated online gambling operators within the province generated approximately $2.3B in gross gaming revenue, and growth continues to be recorded in the first half of 2025. Recently, the province of Alberta passed enabling legislation to establish a regulatory framework for online gambling. Once available, the Company also intends to pursue licensure in Alberta to expand its regulated market footprint in Canada.
“Ontario is missing an elegant brand like High Roller,” said Clemes. “We’re excited to roll out the red carpet for our new customers, and we’re looking forward to showcasing our tremendous product.”
About High Roller Technologies, Inc.
High Roller Technologies, Inc. is a leading global online gaming operator known for its innovative casino brands, High Roller and Fruta , listed under the ticker ROLR on the NYSE. The Company delivers a cutting-edge real-money online casino platform that is intuitive and user-friendly. With a diverse portfolio of over 5,000 premium games from more than 90 leading game providers, High Roller Technologies serves a global customer base, offering an immersive and engaging gaming experience in the rapidly expanding multi-billion iGaming industry. The online casino features enhanced search engine optimization, machine learning, seamless direct API integrations, faster load times, and superior scalability.
As an award-winning operator, High Roller Technologies continues to redefine the future of online gaming through innovation, performance, and a commitment to excellence. For more information, please visit the High Roller Technologies, Inc. investor relations website , X , Facebook , and LinkedIn pages.
Forward Looking Statements
Certain statements in this press release constitute "forward-looking statements" within the meaning of the federal securities laws. Words such as "may," "might," "will," "should," "believe," "expect," "anticipate," "estimate," "continue," "predict," "forecast," "project," "plan," "intend" or similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include as discussed throughout Part I, Item 1A. Risk Factors and Part II, Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations of our Annual Report on Form 10-K for the year ended December 31, 2024 and throughout Part I, Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations and in Part II, Item 1A. Risk Factors of our Quarterly Report on Form 10-Q for the quarter ended March 31, 2025. Any forward-looking statement made by us in this press release is based only on information currently available to us and speaks only as of the date on which it is made. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise. The Company cautions that there is no guarantee that its application will be approved and that it will be able to launch its products in the timing management currently anticipates.
Contact
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