Glitnor Expands European Presence with OneCasino Acquisition
The Glitnor Group, the operator of several gaming and sportsbook brands, has announced it has entered into an agreement to acquire OneCasino, the prominent European iGaming operator, through a Share Purchase Agreement (SPA).
Glitnor Group announces agreement to acquire OneCasino.
LISTEN TO THIS ARTICLE:Both parties have expressed their delight at the deal and say there will be several business synergies following the acquisition. These include a proprietary player management system used by OneCasino, while Glitnor will be able to utilize its in-house games studio.
It is estimated the combined businesses will enjoy revenues in the region of €150 million this year. Once the proposed acquisition has received the required regulatory approval it is believed the purchase will be completed early in 2025.
We’re incredibly proud of what the OneCasino team has accomplished over the years. Joining forces with the Glitnor Group marks an exciting new chapter for us as we continue to grow and expand into new markets. 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.
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Glitnor Strengthens Its European Presence
OneCasino has a significant presence in several European markets, including the Netherlands, Spain, and Denmark. It is also in the process of securing a gaming license to operate in Germany and will then expand into this jurisdiction.
In the statement, Glitnor has expressed it is pursuing a strategy of expansion and sees this acquisition as a perfect vehicle to help achieve this plan. Following the acquisition the Glitnor Group will be active in eight regulated jurisdictions.
We are tremendously excited to welcome OneCasino and its team into the Glitnor Group. The transaction accelerates our long-term vision to become a leader across high-value, regulated markets in the iGaming industry. The hugely complementary geographical profile and high-quality product OneCasino have rapidly expanded both companies’ short- and long-term addressable markets.
In April this year, Glitnor chose IBIA as its Sports Betting integrity partner in the Canadian province of Ontario.
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