Stake is set to acquire Danish gambling operator MocinoPlay in what chief strategy officer Brais Pena said is a “clear next step” for the company.
The move, Stake said, forms part of its strategy for long-term, sustainable growth in regulated markets.
After acquiring Italian brand IdealBet in July 2024 and the acquisition of Betfair Colombia in November 2023, Stake said a deal for MocinoPlay’s VinderCasino would give the company a foothold in Northern Europe.
The acquisition aims to “accelerate” the growth of VinderCasino, Stake said, by adding Stake’s presence and product experience.
“This acquisition will give us access to another high-value, regulated market with exciting growth opportunities,” Pena said.
“We have already expanded our local presence in Latam and Southern Europe, so making our mark in the north was the clear next step.
“We are demonstrating our clear ability to be successful in highly regulated markets, providing us with a blueprint for entry in other territories where compliance is crucial.
“The team behind MocinoPlay have done an impressive job in growing the VinderCasino brand in the Danish market and we look forward to integrating Stake’s winning formula to super-charge this growth and reach even more Danish players.”
The acquisition is subject to approval from the Danish gambling regulator, Spillemyndigheden.
Peter Eugen Clausen, CEO of MocinoPlay, said: “The combination of our team's local expertise and Stake's exceptional product and brand creates a winning formula. We look forward to introducing Stake to the Danes.”
