Abu Dhabi gaming tech company secures US$250m from Blackstone and co-investors
The Abu Dhabi firm will use the capital to build out a unified payments and compliance platform serving regulated gaming and digital payment markets across the Middle East, Africa and beyond.
Advanced Digital Gaming Technology (ADGT), an Abu Dhabi-based gaming technology firm, has secured US$250m in capital from Blackstone, alongside co-investors Raya Holding, NRT Technology and Sightline Payments. The funding will support the rollout of ADGT’s payments and data intelligence platform, designed to serve regulated digital markets across the UAE, the Middle East, Africa and selected international markets.
ADGT was established through a partnership between Blackstone, Raya Holding and its technology partners. The company is building infrastructure that combines digital wallets, real-time payment rails, identity management and compliance systems into a single platform to facilitate both land-based and online transactions.
In the UAE, ADGT is currently licensed to contract directly with both physical venues and online platforms, allowing operators to manage payments and compliance through a unified system. The firm plans to prioritise launches in the UAE before expanding into other high-growth regions.
ADGT has ties to Sheikh Mohammed Bin Sultan Bin Khalifa Al Nahyan, a member of Abu Dhabi’s ruling family, highlighting its strong institutional backing as it targets regulated digital markets.
Michael Dominelli, chief executive, said the platform was built to deliver scalable financial technology backed by institutional support and regulatory alignment. He added: “With the backing of Blackstone, Raya Holding and leading payments technology partnerships, we have the scale, resources and credibility to create a global success story engineered and headquartered in the UAE.”
Jon Gray, president and chief operating officer, Blackstone, said: “We see significant opportunity to deploy capital at scale in the UAE to build companies that can grow both domestically and internationally, despite near term headwinds. The UAE is a global leader in travel and leisure, with emerging strength in technology, and we are excited to support ADGT to capitalize on these powerful trends.”
Blackstone said the investment reflects its strategy to deploy capital into high-growth markets, citing the UAE’s development in tourism, leisure and technology as key drivers. The company has maintained a presence in the UAE since 2010, with investments spanning logistics and real estate platforms in the region.
