Stockholm-based gaming technology company Adventure Box Technology is expected to expand its footprint in the iGaming sector. The company has announced that it will sign the non-binding Letter of Intent (LOI) to acquire multiple iGaming assets, including the blockchain-based shooter game, Project Quantum.
The planned acquisition shows the Adventure Box’s strategy to diversify its offerings. This move reflects its February 2025 acquisition of Canadian gaming and betting service provider, Lion Gaming Group. By integrating iGaming assets into its portfolio, the company strives to enhance its market position with sustained growth.
Project Quantum, a first-person shooter game featuring a crypto-powered free trade economy, has achieved strong financial performance. According to unaudited management reports, the game generated approximately €12.5 million in revenue in 2024, with EBITDA of €4.5 million.
Launched in May 2021, Project Quantum operates with a battle royale format, which allows players to create and trade in-game items using its native cryptocurrency, QBIT. This model has helped the company to bring popularity among blockchain gaming lovers.
Duncan McIntyre, CEO of Adventure Box, highlighted the importance of its strategic partnership, “Integrating these iGaming and marketing assets into our portfolio provides us with invaluable marketing expertise and management talent, strengthening our ability to deliver best-in-class gaming experiences and drive revenue growth. This acquisition not only enhances value for our customers and partners but also lays the foundation for sustainable expansion.
“Shareholder interests remain our top priority, and therefore, we are committed to financing significant acquisitions like this, as well as the previously announced transactions, through debt markets given the expected cash flow from these acquisitions and our low total debt/EBITDA ratios post-closing. We are currently evaluating various debt proposals to support our continued growth and expansion,” he added further.
With the latest partnership, Adventure Box is making place in the rapidly growing blockchain gaming sector.
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