April 16 (Reuters) - Games Global, the UK-based maker of

online casino-styled games, recorded a more than 80% jump in

revenue in 2023, it revealed on Tuesday in its paperwork for an

initial public offering (IPO) in the United States.

The U.S. IPO market is expected to recover in 2024, after a

two-year a dry spell, amid growing expectations of a

soft-landing for the economy.

But the company's plan to list in the U.S. deals yet another

blow to London capital markets, which have seen a string of

high-profile defections last year by domestic or locally listed

companies to New York in search of deeper liquidity and higher

valuations.

The Isle of Man-headquartered company said revenue for the

year ended March 31, 2023 rose to 306.9 million euros ($325.84

million) compared with 168.3 million euros a year earlier.

Games Global recorded annual profit of 107.8 million euros,

versus 97.3 million euros in the corresponding period in 2022.

Incorporated in 2021, the company is one of the leading

suppliers to the iGaming, or online gambling industry, servicing

more than 600 global gaming brands. It has a bouquet of over

1,300 exclusive games.

The company is seeking to list on the New York Stock

Exchange under the ticker symbol "GGL".

J.P. Morgan, Jefferies, Macquarie Capital and Barclays are

acting as the underwriters for the offering.

($1 = 0.9419 euros)