Glitnor Group has expanded its online casino portfolio by signing a Share Purchase Agreement to buy OneCasino, a European operator.
OneCasino will become the latest online casino brand to operate under the Glitnor Group banner, following the SPA. It adds to its existing platforms LuckyCasino, as well as HappyCasino.
Glitnor expects consolidated revenue for the entities on a proforma basis to exceed €150 million this year. OneCasino’s strong technology stack and exclusive slot releases from its in-house studio will drive this growth. The deal is expected to close in the first half of next year.
Glitnor’s CEO, Richard Brown commented they are tremendously excited to welcome OneCasino and its team into the Glitnor Group. The transaction accelerates their long-term vision to become a leader across high value, regulated markets in the igaming industry.
He added that OneCasino’s complementary geographical profile and high-quality product have expanded both companies’ short- and long-term addressable markets. Mark and the OneCasino team have built a fantastic company over the years, creating a great product and thriving in competitive, regulated markets with a proven track record of success. They are very excited to combine the two companies’ offerings and accelerate their growth potential.
Extending its operations to over eight regulated jurisdictions, reaching the agreement to form the combined business will allow Glitnor to strengthen its position in the European gaming market.
This includes the Netherlands, Spain and Denmark. This is where OneCasino holds the appropriate licenses to operate an online casino platform. Moreover, with its license pending final approval, the operator has undertaken plans to enter the regulated German market.
OneCasino’s CEO, Mark Schram added that they’re incredibly proud of what are OneCasino team has accomplished over the years. Joining forces with Glitnor Group marks an exciting new chapter as they continue to grow and expand into new markets.
