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Pragmatic Play is a big name in the iGaming industry today. This company makes games like slots, live casino, bingo and virtual sports, which are liked by players around the world. But a big question comes to everyone’s mind – “Who is the real owner of Pragmatic Play?”
Start of the story – Background of Pragmatic Play
The name of Pragmatic Play was officially launched in 2015, but its roots are even older. Before this, this company used to run under the name of Topgame Technology, which was formed in 2007.
- At that time Topgame was mostly active in unregulated markets.
- In 2015 it changed its name to Pragmatic Play.
This change was a smart move – the company started targeting mobile-first and regulated markets.
Early games like Hot Safari and Queen of Gold made a splash in the market. Then slowly Pragmatic Play took the top position.
Who is the owner of Pragmatic Play?
This is the biggest mystery. Officially no clear information is available about who the real owner of the company. But some important things have come to light:
- The legal holding entity of the company is Veridian (Gibraltar) Limited.
- This structure is intentionally kept private and hidden, as many iGaming companies do.
- Some reports say that this company may be controlled by private investors from Eastern Europe and Israel.
- In 2016, news came that IBID Group has bought the company, but no proof was found to confirm this.
- In short, the company is not publicly traded, and its shareholder structure is still unknown.
ARRISE – The Hidden Arm of Pragmatic Play?
In recent years, a new name has emerged – ARRISE. It is a part of Pragmatic Play that handles:
- Technology
- Human Resources
Internal operations. This shows that the company has divided into multiple entities to further streamline the internal structure.
Who is the CEO of the company?
Julian Jarvis is the CEO of Pragmatic Play. He joined the company in 2016 as Chief Legal Officer, and became CEO in 2020.
Under his leadership:
- The company acquired licenses in 20+ countries.
- Pragmatic Play grew from Europe to Latin America.
- The company has become a multi-vertical supplier.
Where are the offices of Pragmatic Play?
Pragmatic Play operates on a global level and has multiple offices:
- Malta (Sliema) – for Commercial and Compliance
- Gibraltar – Legal and Corporate matters
- Bucharest (Romania) – Live Casino production
- Hyderabad (India) – R&D and Tech Development
- Buenos Aires (Argentina) – Latin America operations
- London (UK) – Strategic Planning and Regulations
- Sofia (Bulgaria) – Creative and Support teams
This setup shows that the company has a global vision and wants to maintain a strong presence in every market.
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