Slot developer Bluberi on track to bring games to Nevada
Summary
The Nevada Gaming Control Board has recommended Canadian-founded, Las Vegas-based slot developer Bluberi Gaming for licensing; the Nevada Gaming Commission will consider the application on 25 September. Bluberi, which restructured following a 2016 bankruptcy and was acquired by Catalyst Capital Group in 2019, has grown rapidly: it raised $55m in 2024, expanded into 29 new jurisdictions that year and now holds 194 licences with about 12,000 units in North America (up from 1,500 in 2019).
The company opened an 80,000 sq ft headquarters in Las Vegas in April 2024 and runs six content studios (up from one in 2020). Bluberi launched two product lines in 2024 — Beacon Elite and Beacon+ — and increased its game output (seven titles in 2024, 14 expected this year) after focusing on higher-quality, lower-volume releases. Revenue has quadrupled over three years; the business mix is roughly 70% direct sales and 30% recurring revenue.
Key Points
- The Nevada Gaming Control Board recommended Bluberi for licensing; the Nevada Gaming Commission will review it on 25 September.
- Bluberi was restructured after a 2016 bankruptcy and acquired by Catalyst Capital Group in 2019; it raised $55m in 2024 to fund roll-outs and return capital to its owner.
- Geographic expansion: 29 new jurisdictions in 2024 and ongoing licence applications across multiple US states and Canadian provinces.
- Scale-up: 194 licences and ~12,000 units in North America versus 1,500 units in 2019; revenue up fourfold in three years.
- Operational investment: 80,000 sq ft Las Vegas HQ, six studios, and substantial R&D (400+ hours on Beacon Elite).
- Product strategy: focus on fewer, higher-quality games (Beacon Elite and Beacon+ premium lines) and ramping additional studios to scale output.
- Business model: approximately 70% direct sales and 30% recurring revenue, with recurring revenue driving growth.
- Strong industry reception: Nevada regulators and local licensees have expressed welcome and interest in Bluberi’s entry.
Why should I read this?
If you care about who’s supplying slot floors in Nevada (and who’s shaking up the market), this is worth five minutes. Bluberi’s move into Nevada signals more competition, new product lines on casino floors and faster expansion from a once-troubled developer that’s now firing on most cylinders.
Context and Relevance
Bluberi’s potential licencing in Nevada matters because the state is a gateway market for slot manufacturers: approval there simplifies business with major operators and supports wider US growth. The company’s shift from turnaround to growth, substantial fundraising, new HQ and studio expansion illustrate a broader industry trend of consolidation, higher product quality focus and investment in recurring revenue streams.
For casino operators and suppliers, watch the 25 September Nevada Gaming Commission decision; a green light could accelerate Bluberi’s presence on Nevada floors and influence competitive dynamics among slot vendors.
Source
Source: https://cdcgaming.com/slot-developer-bluberi-on-track-to-bring-games-to-nevada/