Gamblit Raises $25 Million in Financing Capital

Gamblit Gaming has reported raising $25 million from investors to finance expansion of its skill-based gaming machines across the country.

Gamblit Gaming, the startup firm that is among the first to offer skill-based gaming for land-based casinos, reported that it has raised million from investors for expansion of its company and placement of its Model G interactive gaming tables, which seat two to four players around a flat surface for skill-based video game contests.

“There is significant demand from casino operators for our innovative products,” said Eric Meyerhofer, CEO of Gamblit Gaming. “We have begun to launch field trials in Las Vegas under the Nevada Gaming Control Board’s New Innovation Beta program, and player engagement has been very strong.”

“As Gamblit prepares for full commercial launch of its gaming products in Las Vegas and other gaming jurisdictions, we’re confident our new investor relationships will drive growth as they share in our vision,” added Miles Arnone, chairman of Gamblit Gaming.

Gamblit’s Model G game tables, the industry’s first multi-player skill games, are now live in Las Vegas at MGM Grand’s Level Up gaming lounge, and at Caesars Entertainment properties including Planet Hollywood. Caesars Palace, the Linq and Paris Las Vegas.

Gamblit’s skill games and tables are also live at Harrah’s Resort Southern California, the first location in the state to offer skill games, as well as Harrah’s Lake Tahoe Hotel and Casino.

The games currently offered on the Model G unit include Gamblit Poker, a Texas Hold ‘em-style heads-up game; and Cannonbeard’s Treasure, a pirate-themed game that has players shooting at each others’ ships.