PlayStar Gaming Group, a gaming company with a vision to provide an unparalleled online gaming experience, has received $15 million in equity funding from Meyer Global Management. The move will strengthen the operator’s business and help it expand in the future United States.
PlayStar to Receive Investment from Meyer Global
As announced today, PlayStar has signed a memorandum of understanding with Meyer Global Management, a technology investment manager, outlining a significant investment in the growth of the former company. PlayStar is one of the newer players in the US gaming market. The iGaming operator stormed New Jersey within five months of launching in the state. It has surpassed all central KPI forecasts and is now challenging some of its most influential competitors. What sets PlayStar apart from its competition is its exceptional focus on personalization and customer engagement.
The operator differentiates itself from its competitors by using real-time data and predictive models to provide superior player experiences tailored to customer needs. Thanks to their hard work, PlayStar successfully appealed to Meyer Global Management, a large technology investment firm. The investor is known for supporting companies with great innovation potential. He believes PlayStar is one of those companies and has provided it with the funds it needs to grow its business. As a result, PlayStar can seamlessly enter new markets, with the operator already planning a trip to Pennsylvania next year.
Meyer Global Believes in PlayStar’s Potential
Owen Meyer, CEO of Meyer Global Management, spoke about his decision to support PlayStar. He reiterated his company’s goals of helping innovative and promising technology companies and supporting their businesses to generate solid returns for Meyer Global’s investors. Owen Meyer said everything PlayStar has shown since launching in New Jersey has been impressive. He concluded that funding the investment firm would give the brand the support it needs to be just as successful in Pennsylvania. Meanwhile, Per Hellberg, CEO of PlayStar, welcomed Meyer Global Management as a shareholder of PlayStar.
The CEO said the $15 million the investment firm will provide would significantly contribute during these uncertain times. Hellberg also noted that Meyer’s confidence “speaks a lot about PlayStar’s performance. While several online gambling sites have been forced to go out of business over the past year, we have exceeded our initial projections and are well positioned for further expansion.” Hellberg is confident that the Meyer financing will help PlayStar enter the Pennsylvania market.
About Playster Gaming Group:
PlayStar Gaming Group AB ( http://www.PlayStar.com ) offers a fully licensed US online casino operated by a team composed solely of the most experienced talent in the industry in the US. PlayStar offers a ‘Casino First platform in the US and EU through award-winning slots, table games, and promotions.
PlayStar strives to deliver a hyper-personalized experience and uniquely engaging content, all powered by real-time player data. PlayStar recently launched in New Jersey and plans to launch in Pennsylvania in the first quarter of 2023 and other states shortly.