Glitnor Group has signed a Share Purchase Agreement (SPA) to acquire OneCasino, a leading European iGaming operator with a strong position across multiple regulated markets including the Netherlands, Spain and Denmark, and plans to enter the regulated German market pending final license approval.
The combined business will significantly enhance the Group’s financial scale and create further reach in markets across Europe, where the Group will have operations across more than eight regulated jurisdictions.
The acquisition is expected to create attractive commercial, operational and technological synergies enabling accelerated growth and profitability. On a proforma basis revenue for the consolidated entities would surpass €150m in 2024.
OneCasino has built a strong proprietary technology stack and product with a focus on player engagement. The in-house game studio enables localised and bespoke content and an exciting opportunity for further growth across the Group, complimenting further Glitnor’s own games studio and in-house PAM & RGS.
Richard Brown, CEO of Glitnor, says: “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.”
Mark Schram, CEO of OneCasino, adds: “We are 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.”
