Core Gaming, a mobile game developer and publisher, is set to enter the public market through a reverse merger with Siyata Mobile Inc., signaling a strategic move to capitalize on the rapidly growing mobile gaming industry.
The company has developed a unique two-pronged approach that distinguishes it from competitors, simultaneously creating and publishing games while providing a platform for other developers to monetize their offerings. With over 2,000 games developed across 140 countries and 40 million monthly active users, Core Gaming has established a substantial global presence.
What sets Core Gaming apart is its advanced use of artificial intelligence in game development. By leveraging AI tools for content production, the company has achieved a 50% boost in content creation and reduced production time by over 40%. This technological edge allows them to quickly identify and develop games in underserved market niches.
The upcoming merger values Core Gaming at $160 million and will result in the company becoming publicly traded on the Nasdaq. CEO Aitan Zacharin believes this valuation is just the beginning, anticipating significant growth potential in the mobile gaming market, which is projected to reach $82.4 billion by 2029.
The mobile gaming industry continues to expand, with projected player numbers reaching 2.4 billion by 2029. Core Gaming's strategy of developing free-to-play games with integrated advertising positions the company to benefit from this growing market trend.
Investors and industry observers will be watching closely as Core Gaming transitions to a public entity, offering a potentially more accessible entry point into the mobile gaming sector compared to established players like AppLovin.
