Hacksaw Gaming: The Rising Star of the Online Casino Industry
In the fast-paced world of online gaming, one company has been making waves with its innovative approach to mobile casino games. Hacksaw Gaming, founded in 2018, has quickly become a powerhouse in the industry, with a focus on developing cutting-edge mobile games for online casinos.
The company’s 2023 annual report revealed an impressive turnover of 67 million euros, with a profit margin exceeding 80%. This level of success has caught the attention of major financial firms like Jefferies and Carnegie, who have been brought on board to assist with a potential IPO. Hacksaw Gaming operates in over 100 countries and recently secured a gaming license in Denmark, a move that CEO Marcus Cordes hailed as a major achievement for the company.
With close to 100 employees on board by the end of 2023, Hacksaw Gaming has solidified its position as a leading player in the industry. The company has signed agreements with 90 clients operating a total of 2,500 online casinos, showcasing the widespread reach and impact of their products.
While Hacksaw Gaming is headquartered in Stockholm, its operational base is located in Malta, a strategic decision that has enabled the company to tap into the thriving European gaming market. The largest shareholder of the company is Fractional Holding, which holds over 25% of the shares, followed by Frédéric Herz with just over 10%.
Despite its success, Hacksaw Gaming has faced challenges along the way. Last year, the company was fined 2.6 million kronor for providing services to two operators without a Swedish gaming license. However, a recent ruling by the Administrative Court reduced the fine to 20,000 kronor, although it upheld the finding that Hacksaw Gaming had violated gaming regulations.
As Hacksaw Gaming continues to grow and expand its reach, the company remains committed to pushing the boundaries of innovation in the online gaming industry. With a strong track record of success and a talented team driving its growth, Hacksaw Gaming is poised to become a major player in the global gaming market. Keep an eye on this rising star as it continues to make waves in the world of online gaming.