Lion Gaming

Calgary, Alberta, Canada iGaming Acquired

Lion Gaming Group is a Calgary, Canada-based iGaming technology provider offering white-label, turnkey, and API online casino and sportsbook solutions powered by its proprietary Fer0x Engine. The platform supports both traditional fiat and cryptocurrency wagering (including Bitcoin and Ethereum) and integrates with Sportradar's odds feed and risk-management systems covering over 420,000 sporting and esports events annually. Originally founded in 2013 as Monster Byte, one of the earliest Bitcoin casinos (operating BitcoinRush.io/CasinoBitco.in), the company later rebranded to Lion Gaming Group and pivoted to a B2B iGaming platform business. Lion Gaming was acquired by Stockholm-listed Adventure Box Technology AB in January 2025 in a share-based deal valued at approximately SEK 467 million (~$45M), with Lion shareholders taking ~94.88% ownership of the combined entity.

Acquired

Lion Gaming has been acquired

Acquired by Adventure Box Technology AB January 31, 2025 SEK 467M (~$45M)

This company is no longer available on our private secondary market.

Overview

Company data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.

Founded

2013

Employees

51–100

Total Funding

$2.75M

2 rounds

Funding

Total raised $2.75M across 2 rounds

Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.

Last updated 06-25-2026

Latest Round

Type

Undisclosed venture (cumulative)

Date

Amount

$2.75M

Valuation

Lead Investors

Not disclosed
DateRoundAmount RaisedValuationLead Investors
Undisclosed venture (cumulative) $2.75M Not disclosed
March 4, 2025 Line of credit (post-acquisition) Not disclosed Not disclosed

Leadership

  • Duncan McIntyre

    Founder, President & CEO

    LinkedIn

Competitors

Competitor list is illustrative and may be incomplete, stale, or erroneous.

  • SOFTSWISS

    Belarus-founded iGaming software provider offering casino and sportsbook platforms, including crypto-enabled solutions.

  • Soft2Bet

    Malta-based B2B iGaming platform and turnkey casino/sportsbook solutions provider.

  • Sirplay

    Italian sportsbook and iGaming platform provider serving operators with white-label and turnkey solutions.

  • BetConstruct

    Global B2B iGaming platform provider offering sportsbook, casino, and managed services.

  • GiG (Gaming Innovation Group)

    Stockholm-listed iGaming platform and media affiliate group offering sportsbook and casino tech to operators.

  • FansUnite Entertainment

    Canadian sports betting and iGaming technology company (TSXV: FANS) offering B2B platforms and operator brands.

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