Tangiamo Engages Strategic Advisor to Evaluate Sale of Land-Based Gaming Technology Business
Tangiamo Touch Technology AB (NGM Nordic SME: TANG) (“Tangiamo” or the “Company”) today announces that it has entered into a strategic advisory engagement to evaluate a potential full or partial divestment of its land-based gaming technology portfolio. The assets under review include the entire IP portfolio, notably key U.S. patents, proprietary know-how, and ongoing product certifications and market licenses.
“Although the Company’s land-based technology has been adopted by key customers in several markets, Tangiamo is now prioritising scalable iGaming products that generate recurring revenue. The review is intended to assess options for the land-based game technology portfolio and to support the Company’s transition toward online products,” said Chris Steele, CEO of Tangiamo.
Since acquiring Trustplay in October 2024, Tangiamo has prioritized online casino platform software and AI-powered content that generates predictable licensing and transaction-based revenue. Monetizing the more hardware-intensive land-based assets would allow the Company to free up resources toward this strategy.
Tangiamo’s hardware products have delivered several high-profile transactions:
- Multi-table sale of MultiPLAY Classic Roulette to Loto-Québec valued at ~10 MSEK.
- Sale of technology rights in the Dominican Republic for approximately 5 MSEK (0.5 MUSD) to Grupo Caribant.
- Ongoing development and distribution agreements with Tech (Macau) and LT Game covering Dice Shakers and iADR technology.
The business under review comprises:
- MultiPLAY table games – the Classic and Ignite electronic roulette series.
- Dice Shakers – patented sensor-based shakers for sic-bo tables and live-online casino games.
- iADR – AI-powered image-based dice-recognition software.
The advisor will immediately launch an international outreach process targeting strategic operators and financial sponsors across North America, Europe, the UK, and Asia. The process will evaluate various transaction structures including full sale, carve-out, licensing, or partnerships. The Board expects to receive binding offers and make a decision regarding a potential transaction during the second half of 2025.
The strategic review forms part of Tangiamo’s plan to concentrate on iGaming technology. Monetizing the existing land-based assets would enable the Company to reallocate capital and resources to its online-platform business, thereby aligning its operations with current market demand in the iGaming sector.