Midnite SPORTSbook and Casino Defnite receives a credit financial deal of up to $ 100 million to support growth in the UK market.
The financing deal for Midnite, which amounts to $ 100 million, was secured from Fund House Advantage Fund (HAF), with the aim of the sports book and casino operator to continue to grow in the Igaming market in the UK. The company has targets to become a level -1 operator.
Specifically, Midnite intends to use funds to build a cash reserve for non -marketing investments, using it to invest in employment and develop products without affecting the revenue of the higher line. The goal is to expand speed, without moving to revenues and profit.
“This partnership gives us three times in performance and brand marketing campaigns, while maintaining money for innovation and expansion.” Nicholas Wright, CEO of Medina, said. “The elasticity of the home feature of the home feature means that we can follow our long -term strategy with a larger condemnation and fewer bites.
“This arrangement also indicates the strength of Midnite’s partnership with the distinctive capital. The team’s confidence in what we do in Midnite allows us to seek to achieve continuous growth and implement our strategy to disrupt the game industry forever.”
HAF is a strategy specialized in financing user acquisition, with the money provided by Defining Capital, a capital investment company in Las Vegas with history and experience in gambling and organized games sectors. The company had already led the financing round of the B Midnite series earlier this year.
“For a very long time, the growth path for the online bets has been restricted through traditional or credit capital restrictions, which is difficult to obtain through the broader games system,” said Davis Catlin, the administrative partner of Discerning Capital. “By linking the deployment of capital to actual marketing performance, we cancel the sustainable and aggressive range without forcing operators to reduce unnecessary shares or exhausting payment structures. This Midnite’s credit facilitation sets a new standard for how ambitious companies in our sector financing growth.”
The rapid growth of Medina
In April 2025, Midnite closed a successful round of funding from the B series, which ended to $ 10 million. As mentioned above, the distinguished capital financing round led, along with the Raine, Play Ventures, Venrex and Big Bets group. The total capital raised was more than $ 35 million.
Midnite has also been provided with special care in the UK as part of its plans to grow in the region, including Partnership with football teams And become UK’s official partner in Snowker.
Distinguished Image: Midnite
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