Nexus International, the privately held gaming and digital entertainment company led by founder and CEO Gurhan Kiziloz, has reported $546 million in revenue for the first half of 2025, marking a 110% year-on-year increase. This milestone comes just six months after the company posted $400 million in full-year revenue for 2024.
The company’s growth trajectory, now on track for a potential $1.1 billion to $1.2 billion annual run rate, places Nexus among the most formidable global operators in the regulated iGaming space. Yet despite the scale, the company remains self-funded, board-free, and founder-led—a rarity in an industry dominated by highly capitalized public firms.
“We’re not trying to look busy; we’re trying to get results,” said Kiziloz. “Six months in, we’ve already outperformed last year. Our approach hasn’t changed: stay lean, move fast, and avoid distraction.”
The first-half revenue surge has been powered by the simultaneous scale-up of three brands across key geographies: Spartans.com, Nexus’s crypto-first casino and sports betting platform; Lanistar, its newly launched gaming operator; and Megaposta, the flagship Brazilian brand that continues to post strong performance in Latin America’s most dynamic gaming market.
Spartans.com has expanded rapidly across more than 40 global markets. The platform’s multilingual interface and frictionless crypto transactions have appealed to a growing segment of players looking for faster, borderless gaming experiences. According to internal figures, Spartans has grown user acquisition and revenue every quarter since launch.
Meanwhile, Lanistar’s entrance into regulated gaming has begun to take shape, with licensing secured and operations live. Originally launched as a fintech brand, Lanistar has been repositioned to serve as a digital-first casino operator targeting millennial and Gen Z audiences in key global regions.
Megaposta continues to anchor the company’s Brazilian footprint. Nexus was among the first to secure licensing under the country’s newly regulated iGaming framework, which took effect in early 2025. Brazil now accounts for a significant portion of Nexus’s revenue, with high mobile usage and a growing online gaming culture supporting long-term momentum.
“Brazil was a calculated entry for us. We understood the timing and the regulation early,” said Kiziloz. “But this isn’t about one market. Our infrastructure now supports expansion into dozens more.”
Despite its scale, Nexus has avoided the limelight. With no external investors, no board of directors, and a leadership structure centralized around Kiziloz, the company has maintained an unusually fast pace of decision-making. This agility, Kiziloz argues, is what has enabled Nexus to enter multiple markets and scale brands in parallel without compromising speed.
“Most companies lose time to alignment. We just move,” he said. “There’s no playbook here, just execution.”
Still, the rapid growth invites scrutiny. As the company moves toward its $1.45 billion annual revenue target, questions about governance, sustainability, and scalability remain. Nexus has yet to signal whether it will raise capital, appoint a board, or alter its structure as it enters what could be a new phase of operational maturity.
For now, the company appears content to let results speak louder than plans. The $546 million H1 figure puts Nexus ahead of many listed peers in the gaming sector, despite having raised no outside funding and avoided conventional scaling paths.
With additional market launches expected in H2 2025 and new brand initiatives underway, Kiziloz says the priority is not maintaining appearances but delivering compounding returns.
“This isn’t a sprint, but we are running fast,” he added. “The goal is to stay efficient while expanding. We’re not chasing hype. We’re building value.”
