Sportsbook Midnite receives a credit financing agreement of $ 100 million to grow in the United Kingdom
The Sportsbook and Casino Midnite operator has received a value financial agreement up to $ 100 million to support growth in the British market.
The Midnite financing agreement, of a value of up to $ 100 million, has been obtained from House Advantage Fund (HAF), with a view to the Sportsbook and Casino operator continues to grow on the UK market Igaming. The company has objectives to become a level 1 operator.
More specifically, Midnite intends to use funds to build a cash reserve for undenished investments, using them to invest in hiring and product development without having an impact on high -level income. The objective is to evolve at high speed, without reducing income and profits.
“This partnership allows us to triple brand performance and marketing campaigns, while preserving species for innovation and expansion.” said Nicholas Wright, Managing Director of Midnite. “The flexibility of the structure of the advantages of the Chamber means that we can continue our long -term strategy with greater conviction and less compromise.
“This arrangement also means the strength of the partnership that Midnite has with discerned capital. The confidence that the team has in what we do at Midnite allows us to seek continuous growth and carry out our strategy to disturb the game industry for good. ”
HAF is a specialized user acquisition financing strategy, with funds provided by Discerning Capital, a growth capital investment company based in Las Vegas with history and experience in the regulated play and game sectors. The company had already led the financing tour of the Midnite B series earlier this year.
“For too long, the growth trajectory of online Paris operators has been limited by the limits of venture capital or traditional credit, which is difficult to obtain in the wider gaming ecosystem,” said Davis Catlin, Director Partner at Discerning Capital. “By linking the deployment of capital to real marketing performance, we unlock a lasting and aggressive scale without forcing operators to unnecessary equity dilution or expensive reimbursement structures. This credit facility for Midnite establishes a new reference for how ambitious companies in our sector can finance growth. ”
Rapid growth for midnites
In April 2025, Midnite closed a successful series of financing for the B series which ended up arguing $ 10 million. As indicated above, the financing tour was led by Discerning Capital, alongside the Gruine, Play Ventures, Venrex and Big Bet group. Total capital raised was more than $ 35 million.
Midnite has also obtained specific sponsorships in the United Kingdom as part of its plans to develop in the region, including a partnership with football teams and become an official British partner in Snooker.
Star image: midnite
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