Glitnor Group has signed a Share Purchase Agreement (SPA) to acquire OneCasino, a European iGaming operator with a solid business in regulated markets such as the Netherlands, Spain, and Denmark, and is awaiting a license to enter the German market.
This acquisition will enable Glitnor to operate in eight regulated jurisdictions in Europe and is expected to generate operational and technological synergies, further boosting revenue and profitability growth.
OneCasino is renowned for its proprietary technology stack, which offers a player-centric platform and provides localized and customized content.
The company's in-house game studio is integrated into its proprietary iGaming platform, which is expected to enhance Glitnor's offerings with additional customizable features. According to forecasts, the total revenue of Glitnor and OneCasino is expected to exceed 150 million euros ($162 million) in 2024.
Richard Brown, CEO of Glitnor, commented: "We are thrilled to welcome OneCasino and its team to the Glitnor Group. This transaction accelerates our long-term vision of becoming a leader in the high-value, regulated markets of the iGaming industry."
In August 2024, Glitnor will collaborate with ThrillTech to integrate jackpot technology into brands such as HappyCasino and LuckyCasino.
Mark Schram, CEO of OneCasino, stated: "We are incredibly proud of the achievements of the OneCasino team over the years. Joining forces with the Glitnor Group opens an exciting new chapter for us, as we continue to grow and expand into new markets."
