xG Technology Inc
Have updates for this profile? Please contribute data
= Subscriber Access Only
You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.
With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.
xG Technology Inc - overview
Established
2002
Location
Sarasota, FL, US
Primary Industry
Telecoms
About
xG Technology Inc specializes in online gambling services, offering a diverse range of gaming options, including slot games and lotteries, aimed at providing users with both entertainment and potential earnings. Founded in 2002 and headquartered in Sarasota, US, xG Technology Inc operates as an online gambling platform. The company has undergone strategic pivots to enhance its gaming offerings and user experience but does not report any notable acquisitions or subsidiaries. The firm was established by individuals with a history in the technology sector, focusing on delivering innovative gaming solutions.
xgtechnology. com operates primarily as an online gambling platform that offers a wide range of gaming services, including online slot games, lotteries (togel), and various betting options. Their core product offerings include a variety of slot machines equipped with modern graphics and sound effects, as well as a lottery system that allows users to place bets on number combinations. The platform incorporates advanced technology to ensure a secure gaming environment and to enhance user experience.
Targeting players in Indonesia and other international markets such as Singapore, Hong Kong, and Australia, the services aim to provide entertainment and potential monetary gain for users. The company caters to both casual and serious gamblers, emphasizing the importance of understanding market trends to increase winning opportunities. xgtechnology. com generates revenue through transaction-based models primarily involving slot game play and lottery betting.
The company employs a commission structure where a percentage of the wagers placed by users contributes to their revenue stream. Customers typically deposit funds into their accounts, which can then be used to place bets on various gaming options available on the site. Transaction methods include traditional banking options and e-wallet transfers, enhancing convenience for users. The platform is designed to attract both recreational players and serious bettors through competitive offerings and promotions such as bonuses and cashback incentives, facilitating a direct-to-consumer approach for engagement with their client base.
xG Technology Inc is focused on expanding its online gaming offerings, with plans to introduce new slot games and an enhanced lottery betting system expected to launch by the end of 2024. Additionally, the company aims to penetrate new markets in Southeast Asia and Europe, specifically targeting Malaysia and the UK, with plans to establish a presence by mid-2025. Recent funding will be utilized to support these initiatives, ensuring the development of innovative products and effective market entry strategies.
Primary Industry
Telecoms
Sub Industries
Cable Service Providers
Website
www.xgtechnology.com
Total Amount Raised
Subscriber access only
xG Technology Inc - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Trade Sale | Completed | Integrated Microwave Technologies | - |
Displaying 1 - 1 of 1

Time to go Pro
Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.