Adventure Box to acquire iGaming assets, includes Project Quantum

Adventure Box Technology has announced that a non-binding Letter of Intent has been entered for the company to acquire various iGaming assets.  

Adventure Box to acquire iGaming assets, includes Project Quantum

Key points:

– A planned acquisition of iGaming assets has been laid out in a Letter of Intent from Adventure Box Technology  

– These assets include blockchain shooter game Project Quantum

Stockholm-based computer game tech company Adventure Box Technology has announced it has entered into a non-binding Letter of Intent (LOI) regarding various assets related to iGaming.  

This acquisition would include Project Quantum, a crypto-based free trade economy first-person shooting game.  

With this LOI, it is clear that Adventure Box is continuing with its strategy to diversify its portfolio and move into the iGaming sector. This was made apparent following the company’s acquisition of Canadian gaming service and betting provider Lion Gaming Group, which was completed in February 2025.  

The strategy – alongside established partnerships – has led to significant growth for Adventure Box over the last 12 months.  

Project Quantum has also seen success, with unaudited and combined management reports indicating that the game’s 2024 revenue was approximately €12.5m ($13.2m). This is alongside an EBITDA of €4.5m.  

Good to know: Project Quantum was released in May 2021. It has a battle royale structure and allows players to create and trade items in the game with a real-world cryptocurrency called QBIT  

Duncan McIntyre, CEO of Adventure Box, had this to say about the plans of the LOI: “This planned acquisition is a transformative step for Adventure Box.

“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.” 

Topics
OnlineMergers & AcquisitionsIndustryAffiliateiGaming
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