Glitnor Group Expands European Portfolio with Acquisition of OneCasino
Glitnor Group has taken a significant step in its European expansion by signing a Share Purchase Agreement to acquire OneCasino. This acquisition strengthens Glitnor’s portfolio, which includes LuckyCasino and HappyCasino.
Strategic Acquisition Enhances Glitnor’s Market Reach
The acquisition of OneCasino brings Glitnor a robust proprietary technology stack and a lineup of exclusive in-house slot games.
Projected revenue for the consolidated entities is expected to exceed €150 million on a proforma basis by 2024, with the transaction anticipated to close in early 2025.
Richard Brown, CEO of Glitnor, highlighted the move as a key step towards their long-term vision, stating, “The hugely complementary geographical profile and high-quality product OneCasino have rapidly expanded both companies’ short- and long-term addressable market.”
Expansion Across Multiple Regulated Markets
With OneCasino’s licenses in the Netherlands, Spain, and Denmark, Glitnor’s operations will extend to over eight regulated jurisdictions.
Additionally, OneCasino has plans to enter the German market, with licensing currently pending. This geographic reach aligns with Glitnor’s strategy to expand in high-value, regulated markets, solidifying its footprint across Europe.
Synergies and Vision for a Combined Future
The merger aligns with both companies’ ambitions, with OneCasino CEO Mark Schram underscoring the shared vision between the teams.
Schram remarked, “The shared vision and synergies between both companies make this merger a perfect fit, allowing us to further enhance our proprietary technology and product offerings while continuing to focus on providing exceptional gaming experiences to our customers.”