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Macquarie’s Beynon agrees with that sentiment, pointing to the relative stability of gaming companies through tough economic stretches such as the Covid-19 pandemic. Bankruptcies in the sector have been low relative to the broader market, he notes, and both land-based and digital companies have reason for optimism moving forward.

“It’s certainly not lost on us that this sector has underperformed for several years in a row just because it doesn’t have either the growth of say, tech companies, or the perceived free cash flow-insulated businesses, which we believe it does…We’ve thought there’s been value in the sector for a few years, particularly this year,” he told iGB.

Jess has covered the global gaming industry since 2022. A native of Reno, Nevada, he’d like to note that it’s Ne-va-da, not Ne-VAH-da.

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Earlier this year Merkur Group agreed to acquire the slots provider White Hat Studios. Merkur said the acquisition, which is subject to regulatory approvals, would “further accelerate” its US expansion, complementing its 2025 purchase of the Nevada-licensed supplier Gaming Arts.  

Framing the acquisition as the latest step in the company’s online expansion, Merkur supervisory board Chairman Michael Gauselmann stated: “Having made early inroads into the online space in Europe via our Blueprint acquisition in 2012, I am delighted by this latest development and am confident that White Hat Studios will be a great addition to our group.” 

In recent weeks, the gambling sector paid tribute to Paul Gauselmann after the Merkur Group founder passed away at the age of 91.

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The more distinctive choice is the Bingo layer. The Bingo Feature adds a structured collect-style layer to the slot, and together with the game’s broader Collect mechanics, it gives players more ways to build momentum during the session.

Bolting a collect-style bingo mechanic onto a reel slot is a way of blending formats within a single title, giving players a secondary layer to track alongside the reels. Rounded out by fixed jackpots and free spins, the release reads as a feature-dense mid-market slot rather than a math-led experiment.

The key takeaway for an experienced player is that none of these mechanics is genuinely novel on its own. The interest lies in the combination, and in REEVO’s decision to package several familiar systems into one release aimed at broad appeal.