Bluberi closes on $55 million financing deal through Citizens

Friday, May 24, 2024 12:36 PM
Photo:  Courtesy
  • United States
  • Rege Behe, CDC Gaming

Las Vegas-based Bluberi Gaming USA Friday announced that it closed a $55 million financing facility, with Citizens acting as Left Lead Arranger on the transaction.

“This new financing provides Bluberi with the capital necessary to support the rapid roll-out of our industry leading content, including “Shark’s Lock” and “Devil’s Lock: All-In,” to new customers and new jurisdictions,” said Bluberi CEO Andrew Burke in a statement. “The Citizens team served as a trusted advisor to Bluberi throughout the process.”

Bluberi currently has studios in Nevada, Texas, and Canadian provinces New Brunswick and Quebec. The company recently expanded to Canada with the placement of its titles in Alberta casinos.

“The Bluberi team is exceptional, and we believe they will continue to disrupt the market with their new and innovative content,” said Citizens Managing Director Chris Lynch. “We appreciate the opportunity to lead this important transaction for Bluberi and look forward to supporting the Company’s continued growth.”

Rege Behe is lead contributor to CDC Gaming. He can be reached at rbehe@cdcgaming.com. Please follow @RegeBehe_exPTR on Twitter.