Core Gaming, a mobile game developer and publisher, is preparing to enter the public market through a strategic reverse merger with Siyata Mobile Inc., valuing the company at $160 million. The transaction signals the company’s ambitious growth strategy in the expanding mobile gaming sector.
The global mobile gaming market is projected to reach $82.4 billion by 2029, with the number of mobile gaming players expected to hit 2.4 billion worldwide. Core Gaming is strategically positioned to leverage this growth through its unique business model of game development and publishing.
CEO Aitan Zacharin highlighted the company’s distinctive approach, which includes developing and co-developing over 2,000 games across 140 countries and maintaining a publishing network that helps other game developers market their products. The company has already achieved 40 million monthly active users and over 600 million downloads.
A key differentiator for Core Gaming is its advanced use of artificial intelligence. The company has developed AI tools that boost content production by 50%, reduce production time by over 40%, and enable strategic identification of underserved mobile gaming niches.
The reverse merger with Siyata Mobile will allow Core Gaming to list on the Nasdaq, providing increased visibility and potential for strategic acquisitions. Unlike larger competitors like AppLovin, Core Gaming offers investors an entry point into the mobile gaming market at a more accessible valuation.
By generating approximately $80 million in revenue last year and positioning itself for continued growth, Core Gaming represents an emerging player in the competitive mobile gaming landscape. The company’s leadership believes the $160 million valuation is just the beginning of its potential market value.
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