Glitnor Group Signs Share Purchase Agreement to Acquire OneCasino
In a significant development in the iGaming industry, Glitnor Group has officially signed a Share Purchase Agreement (SPA) to acquire OneCasino, a leading operator known for its robust performance in multiple regulated markets. This acquisition marks a pivotal step in Glitnor’s strategy to expand its footprint and enhance its capabilities across Europe’s iGaming landscape.
Strength and Position of OneCasino
OneCasino has established a formidable position within the market, operating in highly regulated countries such as the Netherlands, Spain, and Denmark. The company is poised to enter the German market, pending final license approval, showcasing its ambition to reach even broader audiences within Europe. This strategic positioning gives Glitnor the opportunity to merge its resources and expertise with OneCasino’s established brand, creating a more comprehensive offering for players.
Enhanced Financial Scale and Market Reach
The acquisition is expected to significantly enhance Glitnor Group’s financial scale and geographic reach. With this merger, the group will have operations in more than eight regulated jurisdictions across Europe. This geographical diversification not only strengthens Glitnor’s market position but also mitigates risks associated with reliance on a limited number of markets. As a result, the combined business is projected to achieve a pro forma revenue exceeding €150 million in 2024, a considerable leap that reflects the potential for accelerated financial growth.
Synergies Driving Growth and Profitability
Glitnor Group anticipates that this acquisition will facilitate attractive commercial, operational, and technological synergies. By merging OneCasino’s proprietary technology stack and in-house game studio with Glitnor’s existing infrastructure, the companies aim to enhance their gaming offerings and operational efficiencies. This consolidation will likely produce a more innovative product suite that can meet the evolving demands of players and enhance overall profitability.
OneCasino’s Proprietary Technology Stack
A key strength of OneCasino lies in its proprietary technology stack, which emphasizes player engagement. The company’s platform allows for localized and customized content, presenting exciting opportunities for further growth. By incorporating OneCasino’s advanced gaming technology with Glitnor’s own games studio, the combined entity can develop a broader array of gaming experiences tailored to various audiences, fostering deeper player loyalty and engagement.
Leadership Insights and Vision
Richard Brown, CEO of Glitnor Group, expressed his enthusiasm about the acquisition, highlighting its alignment with the company’s long-term vision to dominate high-value, regulated markets in the iGaming space. He acknowledged OneCasino’s impressive track record in navigating competitive markets and emphasized the strategic advantage this merger provides for both companies. “We are very excited to combine the two companies’ offerings and accelerate our growth potential,” stated Brown.
Similarly, Mark Schram, CEO of OneCasino, conveyed pride in the company’s achievements and optimism about the future. He noted that joining forces with Glitnor Group marks an exciting new chapter for OneCasino, allowing both companies to enhance their technology and product offerings. Schram emphasized the commitment to responsible gaming, asserting that “Together, OneCasino and Glitnor are sure to become a leading force in the regulated iGaming space.”
Looking Ahead
The acquisition deal is expected to close in the first half of 2025, pending necessary approvals from relevant gaming and regulatory authorities. As the iGaming industry continues to evolve, this merger positions both Glitnor and OneCasino to capitalize on emerging trends and opportunities in regulated markets.
With a shared commitment to innovation and player satisfaction, Glitnor Group and OneCasino are set to redefine standards in the iGaming sector. This partnership not only promises to enhance their market presence but also aims to deliver exceptional gaming experiences to players across Europe’s diverse markets. The anticipated synergies and expanded reach make this acquisition a significant milestone that the industry will undoubtedly watch closely.
