In a significant move within the iGaming industry, Glitnor Group has executed a Share Purchase Agreement (SPA) to acquire OneCasino, a distinguished iGaming operator renowned for its robust market position in various regulated European regions such as the Netherlands, Spain, Denmark, and soon, Germany, pending final license approval.

Strategic implications of the acquisition:

The integration of OneCasino into Glitnor Group is poised to substantially increase the financial dimensions of the group and extend its operational reach across more than eight regulated jurisdictions in Europe. The merger is anticipated to yield beneficial commercial, operational, and technological synergies, propelling both growth and profitability. Post-merger projections suggest that the combined revenue of the entities will exceed 150 million Euros by 2024.

OneCasino brings to the table a robust proprietary technology stack and a compelling product lineup focused heavily on player engagement. Their in-house game studio, supported by a proprietary iGaming platform, allows for the creation of localized and bespoke content. This capability is expected to complement and enhance Glitnor’s existing game studio and in-house Product and Account Management (PAM) and Remote Game Server (RGS) systems, presenting extensive opportunities for further innovation and growth within the group.

The completion of the acquisition is scheduled for the first half of 2025, contingent upon obtaining all necessary approvals from the relevant gaming and regulatory authorities.

Leadership insights on the merger:

Richard Brown, CEO of Glitnor, expressed his enthusiasm about the acquisition in the company’s press release: “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 expands both companies’ short- and long-term addressable market. Mark and the team at OneCasino have built a fantastic company over the last years, creating a great product and working in a range of competitive regulated markets and have a proven track record of success. We are very excited to combine the two companies’ offerings and accelerate our growth potential.”

Mark Schram, CEO of OneCasino, also shared his perspective: “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. At the core of our business we always ensure that players can enjoy our platform in a safe and responsible manner. Together, OneCasino and Glitnor are sure to become a leading force in the regulated iGaming space, and I look forward to the exciting opportunities ahead.”

This strategic acquisition is set to redefine the landscape of the regulated iGaming market in Europe, enhancing both companies’ market reach and technological capabilities, thus setting a new standard in the industry for innovation and growth.