In a big transfer throughout the iGaming business, Glitnor Group has executed a Share Buy Settlement (SPA) to accumulate OneCasino, a distinguished iGaming operator famend for its sturdy market place in varied regulated European areas such because the Netherlands, Spain, Denmark, and shortly, Germany, pending last license approval.
Strategic implications of the acquisition:
The mixing of OneCasino into Glitnor Group is poised to considerably improve the monetary dimensions of the group and prolong its operational attain throughout greater than eight regulated jurisdictions in Europe. The merger is anticipated to yield helpful industrial, operational, and technological synergies, propelling each development and profitability. Put up-merger projections counsel that the mixed income of the entities will exceed 150 million Euros by 2024.
OneCasino brings to the desk a strong proprietary know-how stack and a compelling product lineup centered closely on participant engagement. Their in-house recreation studio, supported by a proprietary iGaming platform, permits for the creation of localized and bespoke content material. This functionality is predicted to enrich and improve Glitnor’s current recreation studio and in-house Product and Account Administration (PAM) and Distant Recreation Server (RGS) methods, presenting intensive alternatives for additional innovation and development throughout the group.
The completion of the acquisition is scheduled for the primary half of 2025, contingent upon acquiring all essential approvals from the related gaming and regulatory authorities.
Management insights on the merger:
Richard Brown, CEO of Glitnor, expressed his enthusiasm in regards to the acquisition within the firm’s press launch: “We’re tremendously excited to welcome OneCasino and its group into the Glitnor Group. The transaction accelerates our long-term imaginative and prescient to turn out to be a frontrunner throughout excessive worth, regulated markets within the iGaming business. The vastly complementary geographical profile and high-quality product OneCasino have quickly expands each firms’ short- and long-term addressable market. Mark and the group at OneCasino have constructed a incredible firm over the past years, creating an awesome product and dealing in a spread of aggressive regulated markets and have a confirmed observe report of success. We’re very excited to mix the 2 firms’ choices and speed up our development potential.”
Mark Schram, CEO of OneCasino, additionally shared his perspective: “We’re extremely happy with what the OneCasino group has achieved over time. Becoming a member of forces with the Glitnor Group marks an thrilling new chapter for us as we proceed to develop and increase into new markets. The shared imaginative and prescient and synergies between each firms make this merger an ideal match, permitting us to additional improve our proprietary know-how and product choices whereas persevering with to give attention to offering distinctive gaming experiences to our clients. On the core of our enterprise we at all times be certain that gamers can get pleasure from our platform in a protected and accountable method. Collectively, OneCasino and Glitnor are certain to turn out to be a number one drive within the regulated iGaming house, and I sit up for the thrilling alternatives forward.”
This strategic acquisition is about to redefine the panorama of the regulated iGaming market in Europe, enhancing each firms’ market attain and technological capabilities, thus setting a brand new customary within the business for innovation and development.
