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Social casino game maker Huuuge said it will go public in an initial public offering on the Warsaw Stock Exchange. The company expects to raise $150 million.
Though a latecomer in the segment, Huuuge found its niche in targeting younger players. It focuses on live operations — frequent updates such as tournaments to keep players coming back.
The company is taking advantage of a big window in gaming IPOs. Playtika went public at an $11.4 billion last week. If you talk about exit deals, or both acquisitions and IPOs, the total value hit $11.6 billion for 158 transactions, according to market analyst InvestGame. The biggest were Zynga’s acquisition of private Peak Games for $1.8 billion and Tencent’s acquisition of Leyou Technologies for $1.4 billion. Activision Blizzard raised $2 billion in senior notes (a form of debt).
Huuuge makes free-to-play social casino mobile games. It said it has 4.74 million monthly active users as off September 30, up from 3.98 million at the end of 2019. CEO Anton Gauffin started the company in 2015.
Huuuge has seen its revenues grow at a compound-annual-growth rate of 30.6% from $152.1 million in 2017 to $259.4 million at the end of 2019.
In the same period its consolidated adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) increased from a loss of $4.3 million to $24.8 million.
For the nine months ended September 30, Huuuge generated consolidated revenue of $243.5 million compared to $187.3 million for the nine months ended September 30, 2019, reflecting a year-to-year growth of 30%. Last year, Huuuge had to pay $6.5 million to settle a class-action lawsuit accusing the company under Washington state law of violating gambling and consumer protection laws with its its free-to-play social casino games. Others in the industry have also had to pay to settle lawsuits in the state.
Above: Anton Gauffin, the CEO of Huuuge Games, at Casual Connect Europe in 2017.
In the same period Huuuge’s consolidated adjusted EBITDA increased to $54.2 million from $9.3 million. The company’s games include Huuuge Casino and Billionaire Casino. Huuuge operates through three main divisions, Mighty, Brave and HuuugeX. These divisions
manage Huuuge’s internal and external studios and its games.
Huuuge’s lineup includes social casino games such as Huuuge Casino, Billionaire Casino, Stars Slots, and Huuuge Bingo Saga. Its casual games under Coffee Break Games label include Traffic Puzzle, Transport it, Trolls Pop, and Luna’s Quest Bubble Shooter. Games in the early stages of development include Arena, Rogue Land, Arrows & Empires, and Solitaire TriPeaks: Adventure Journey.
In the IPO, a number of investors and the company will sell shares. Those selling include Big Bets OÜ (Anton Gauffin, founder and CEO), RPII HGE (an entity controlled by The Raine Group), Naver KIP Cheer up Gamers Fund, Korea Investment Global Contents Fund (funds managed by Korea Investment Partners), Seoul Investment Patent Venture Fund, Seoul IP Growth Industry Venture Fund (funds managed by Seoul Investment Partners), and Woori Technology Investment. Gauffin plans to retain a significant share of the company still.
Huuuge will use the money for acquisitions and investments, as well as ongoing operations. Gauffin currently holds 42% of the voting rights at the company. The company said it ranks among the top 10 companies in the multibillion-dollar social casino gaming market. The company has more than 600 employees in 10 offices.
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Huuuge Casino which was first named Magic Casino during the designing stage is an online mobile casino that offers amazing gaming experience through their apps to mobile owners allowing them to enjoy the feel of playing games and winning rewards.
Yes, Huuuge Casino legit. It is not a scam because they will never deny your payment request or steal your credit card details.
This Huuuge Casino review will investigate the casino site to provide you with the answers to all your questions.
They allow their members to play online slots and all the activities performed on this site is completely legal that is why it comes very highly recommended from me especially if you are from the united states.
This casino is owned by the Huuuge Games company, founded by Anton Gauffin and it was established in the year 2015. They have their online platform located at www.huuugegames.com. This casino has their gaming platform containing all their games accessed entirely through mobile apps because it is a mobile casino and they have dedicated applications for both Android phones and iOS devices. Presently, they have offline offices in six different cities being Berlin, Szczecin, Bydgoszcz, Wroclaw and Cracow.
Another quick catch to this casino is that it is also very available for users in the United States of America and completely legal too so if you want to have fun playing online slots, casino card games and also casino table games from your mobile smartphones, this is one of the best options you could try out. The only thing you would need would be an active internet connection and a compatible mobile device for the application.
The Huuuge Casino also offers a free tutorial for anyone who newly downloads and installs the application. This makes it easy for any newbie to walk through the application without feeling lost at any point. The first thing that anyone sees when they open the application after the tutorial is a “Slots” button and when you click on this button, you will be redirected to a page where you will be able to see all the slot games and machines that they have available on the app.
This category of games is just about constituted more than 50% of the total games available in the games library of the application. They also have other game categories like table games and card games.
Huuuge Casino encourages community spirit and competition by having different groups which are called clubs in this case where different players could meet to talk, make friends, create networks and also compete.
Is Huuuge Casino Legit?
Huuuge casino is legit, not a scam. It is a genuine mobile platform if you want to enjoy the feel of casino gaming without having to invest your real money in any way. They do not allow withdrawals as the chips won in the course of your gaming cannot be translated to real cash.
Over time, a lot of players have found satisfaction in the odds that their games offer and also in the gaming experience so in my own opinion, after a lot of extensive research and try out, I will say that the mobile casino application is a legit one. Recently, there have been a lot of complaints and very bad feedback about Huuuge casino, which I feel you should read below before deciding on whether to join or not.
How Does Huuuge Casino Works?
When you first start out using the application, not all of the games will be available for you to play so you would have to play the ones that are available and as you level up, you will be able to accumulate more experience points and eventually unlock those ones that are locked.
You should know that in this casino, you don’t get to bet with real money so you don’t have to make any deposits or withdrawals of any kind. However, they are in-app purchases that are available but these could easily be sorted out using your app store payment processor which could be your Google Account, Amazon account or App Store account.
Features of Huuuge Casino
- Android mobile app is available on the Google Play Store for Android users.
- Available variety of poker games including video poker.
- iOS mobile app is available on the Apple App Store for iPhone users.
- Variety of games including original slots and major casino classics.
- Availability of Baccarat, and Roulette and Blackjack and Texas Hold ‘em Poker.
- Take part in tournaments and competitions with other players.
- The registration process is very easy and does not take a lot of time to complete.
- They have ease of access to their support systems including making use of their social media platforms.
- They have a welcome bonus of 10,000,000 coins
- They also have a bonus of 500,000 coins for joining up with the Facebook community.
Huuuge Casino Slots Facebook
Games Available at Huuuge Casino
Huuuge casino has a lot of games that could give you an exciting time. These games include games from different categories like the classic slots which include games like Burning Hot, video slots which include games like Call of the wild and wild western, table games and also card games and it will amaze you know that they also have titles of games for professional players in this casino. They also have Poker, Blackjack, Video Poker, Baccarat and also Roulette.
Examples of other games that you could find in this casino include Huuuge Diamond Wins, Cash Madness, Respin Ranch and Aztec 2: Eclipse.
Bonuses and Promotions
Let me emphasize again that this casino is legal for all United Stated players and every time a new member signs up, they are entitled to 10,000,000 (ten million) free chips which could be used to play any of the online slots that they have on the app for free.
As newbies or beginners using the Huuuge app and playing at beginner levels, the minimum bets you are allowed to place should be between 500 chips and 1000 chips. This welcome bonus means that you can start making bets and playing games immediately after signing up. Remember that the more games you are able to play, the more you level up and the more games you would be able to unlock.
This casino also has another bonus of 500,000 (five hundred thousand) coins that you earn immediately you connect to Facebook your account to your Facebook account. This bonus could also be used to play slots and other games too.
Methods of Payment
Facebook Huuuge Casino App
Huuuge Casino is a mobile casino that does not allow their users to place bets or wagers with real cash so they have no system for making payments or making withdrawals as none of those processes are available on the app presently but then again, the application has a couple of in-app purchases in terms of buying chips and diamonds and the likes of them so, in the event of buying these game items and other stuff, all the payment processes would be taken care of by the app store you downloaded the application from.
Huuuge Casino App Download
This could be the Google Play Store in which case you would have to use your Google account, the Amazon App Store where you would need to use your Amazon account and the iOS App Store in what case you would need to use your Apple account.
Reliability and Support
Play Huuuge Casino On Facebook
This casino application has a 24/7 live chat service available for all their users to access in the event of any challenge while using the application. You don’t have to exit the application to use this live chat service as it is inbuilt in the application. Anytime you have an issue using the app or playing a game or with your in-app purchases, you could easily use the live chat feature to access their customer service and lay your complaint.
This feature has been tried and tested to produce the best results as it works flawlessly and all messages are replied promptly within a few seconds or minutes in real-time.
La riviera casino no deposit bonus 2016 guidelines. You can also reach them by sending them an email describing your issue at [email protected] Other ways to reach them include visiting their social media accounts on facebook, google plus, Instagram and Twitter.
Safety and Security Measures
Huuuge Casino has not listed out any other special security or safety procedure used on their app asides the SSL bit encryption. However, they have claimed that the odds on their slot machines are fair and could be the same thing you could find in a standard Vegas slot machine. They also have said that they do not change the odds for any irrespective of whether you are a new player or an old one or whether you have bought additional chips or not. All the odds remain the same for all players.
You should also know that this casino does not share any information or data that they get from their users like your name, age, gender, friends’ list, profile picture, Facebook ID and email address with any third party. All the information is kept private and inaccessible to the outside world.
Is Huuuge Casino Legit
Huuuge Casino is mainly for entertainment. All the points that you earn in this game do not have any value in real life and even though you could purchase the in-game currency or points with your real cash, you do not have the option of doing the reverse. Ensure to read the terms and condition guarding the games before you start using the application to avoid misunderstandings.
The major goal of the founders of this casino is to make it one of the world’s most social casino and they have done a good job of keeping that goal in view even as they add innovations and other features and upgrades to the application. If you stay long enough, you will realize that you can pick the friends you want to play with or play against. You also get to buy a round of virtual drinks for your friends every time you win a game so you see, it is pretty social.
Do you have experience with Huuuge Casino? Good or bad, kindly use the comment section below to give us your brief Huuuge Casino review.