The agreement is expected to generate approximately SEK 8 million in platform-service revenue for Manserio during the first twelve months, assuming player activity is consistent with the operator’s current marketing reach. Tangiamo’s own revenue—derived from its separate PAM-licence agreement with Manserio dated 30 December 2024—is currently estimated at up to about SEK 2 million; the final amount will depend on implementation scope and other operational factors. Tangiamo’s income will comprise operational and development fees plus an indirect share of Manserio’s variable platform revenues through Tangiamo’s equity holding.

As announced on 30 December 2024, Tangiamo will receive new Manserio shares as payment for the PAM licence, raising its ownership to more than 50 percent and making Manserio a consolidated subsidiary of the Tangiamo Group. Completion of the share issue is a priority for both parties and is expected during Q2 2025, subject only to final documentation and customary corporate formalities.

“Converting a key pipeline opportunity within four months of closing our partnership with Manserio demonstrates solid execution and market interest in our combined offering and it is a great stepping stone towards future growth, both within the B2B and B2C verticals. The expected recurring platform income supports our strategy of building predictable and scalable revenue streams from our new iGaming technology stack,” said Chris Steele, CEO of Tangiamo.

Phased implementation starts immediately and commercial go-live is targeted for Q3 2025. The agreement renews automatically, providing additional upside potential and long-term revenue continuity.

Tangiamo and Manserio entered into a strategic partnership as previously announced on December 30, 2024 when Tangiamo licensed its PAM system to Manserio for SEK 11,5 million. As disclosed previously, Manserio intends to launch additional B2B agreements and its own B2C brand later in 2025.