Hero Gaming Ltd
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Hero Gaming Ltd - overview
Established
2013
Location
Sliema, -, Malta
Primary Industry
Software
About
Hero Gaming Ltd is an innovative online gaming company focusing on gamified casino experiences through its flagship platform, Casino Heroes. The company aims to enhance user engagement and satisfaction in the competitive online gambling market. Founded in 2013 in Sliema, Malta, Hero Gaming Ltd specializes in online casinos. The company has made two significant deals, with the latest funding round in January 2018 raising SEK 50 million from individual investors.
Georg Westin is the founder, while Sarah Stellini serves as the CEO. Hero Gaming's core offerings center around gamified online casinos, with their flagship product being Casino Heroes, launched in 2014. This innovative platform combines traditional casino elements with immersive, game-like experiences designed to engage users more deeply than conventional online gambling options. Hero Gaming has expanded its portfolio through a multi-brand strategy, developing various brands that cater to diverse player preferences.
The company's customer base includes online gamblers from multiple geographical markets, including Sweden, Malta, and other regions across Europe. In 2022, Hero Gaming reported a revenue of SEK 9,260,374. 80 and an EBITDA of SEK 3,036,916. 70.
Their revenue model primarily relies on direct-to-consumer transactions where players engage with their platforms through wagers and in-game purchases, generating income from a percentage of these wagers. Hero Gaming plans to leverage the SEK 50 million raised in January 2018 to develop new gaming products and expand into additional markets. The company is focused on enhancing its product offerings with innovative features and aims to enter new geographical areas in Europe by 2024, building on its existing presence.
Primary Industry
Software
Sub Industries
Casinos & Gambling, Gaming
Website
www.herogaming.com
Company Stage
Early Stage
Total Amount Raised
Subscriber access only
Hero Gaming Ltd - financials
| Fiscal Year Ended | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 3,264,048 | 7,143,077 | 4,218,024 | 2,539,716 | 9,121,642 | 22,386,586 | - | - | - |
| % Revenue Growth (YoY) | - | 118.8% | (40.9%) | (39.8%) | 259.2% | 145.4% | - | - | - |
| EBITDA (USD) | (474,434) | (705,148) | 13,595 | (2,555,506) | (607,500) | 854,422 | - | - | - |
| Operating Income (USD) | (492,678) | (746,231) | (114,469) | (2,724,057) | (745,529) | 216,824 | - | - | - |
| Operating Margin | (15.1%) | (10.4%) | (2.7%) | (107.3%) | (8.2%) | 1.0% | - | - | - |
| % EBITDA Margin | (14.5%) | (9.9%) | 0.3% | (100.6%) | (6.7%) | 3.8% | - | - | - |
| NET Income (USD) | (293,086) | (413,544) | (226,141) | (2,158,214) | (813,909) | 685,928 | - | - | - |
| % Net Margin | (9.0%) | (5.8%) | (5.4%) | (85.0%) | (8.9%) | 3.1% | - | - | - |
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