Core Gaming, a prominent mobile game developer and publisher, is set to make its public market debut through a strategic reverse merger with Siyata Mobile Inc., a move that values the company at $160 million. This transaction underscores Core Gaming's ambitious plans to capitalize on the rapidly expanding mobile gaming sector, which is projected to grow to $82.4 billion by 2029, with an estimated 2.4 billion players worldwide.
The company's unique business model, which encompasses both game development and publishing, has already garnered significant success, with over 2,000 games developed or co-developed across 140 countries, 40 million monthly active users, and more than 600 million downloads. CEO Aitan Zacharin emphasizes the company's innovative approach, including the use of artificial intelligence to enhance content production by 50%, reduce production time by over 40%, and identify untapped niches in the mobile gaming market.
The reverse merger with Siyata Mobile is a pivotal moment for Core Gaming, enabling it to list on the Nasdaq and thereby increase its visibility and opportunities for strategic acquisitions. With approximately $80 million in revenue last year and a valuation that the leadership believes is just the beginning, Core Gaming is positioning itself as a formidable player in the competitive mobile gaming landscape. For more information on the mobile gaming market's growth, visit https://www.statista.com.
