Core Gaming achieves significant revenue growth ahead of merger with Siyata Mobile

Today's announcement from Core Gaming highlights a significant financial performance, revealing that the company generated $57 million in revenue for the year 2023. This marks a remarkable growth trajectory, with a 46.4% increase compared to the $38.9 million reported in 2022. Furthermore, projections indicate that Core Gaming could reach an estimated $80 million in revenue for 2024, driven largely by an increase in advertising fees from a higher volume of published games. Such growth positions Core Gaming favorably as it prepares to merge with Siyata Mobile, a transaction set to close pending regulatory approval. The merger, first announced on February 26, 2025, will see Core Gaming merge into a wholly-owned subsidiary of Siyata and continue to operate under its brand as a subsidiary of Siyata. The share valuation for Core Gaming shareholders will be based on a $160 million estimate calculated from the 10-day volume-weighted average price of Siyata stock prior to closing. The merger is a strategic move to strengthen the position of the combined entity within the lucrative $126 billion mobile gaming market, reflecting a broader trend towards consolidation in tech and gaming industries. As the mobile gaming sector continues to expand rapidly, driven by advances in technology and shifts in consumer preferences, this merger offers significant opportunities for growth and innovation. The companies' proprietary artificial intelligence-driven tools and business intelligence platform are expected to enhance their competitive advantage in the marketplace. Stakeholders are keenly watching the developments as this merger unfolds, with expectations for robust future performance as the integrated entity leverages its combined strengths to capture larger market share in the mobile gaming arena.