Glitnor Group, an up-and-coming iGaming company, announced that it has signed an agreement to acquire OneCasino, a leading online casino operator with a strong presence in Spain, Denmark and the Netherlands.
The Deal Is Set to Close in 2025
According to the announcement, Glitnor penned a share purchase agreement with OneCasino and will acquire the operator in hopes of unlocking new commercial, operational and technological synergies. The deal is expected to deliver accelerated growth and profitability for the group. For context, the two companies are expected to recover total revenue of EUR 150 million for 2024.
In addition to bolstering Glitnor’s business, OneCasino will allow the group to expand its reach in Europe. Thanks to the agreement, Glitnor will secure access to more than 8 regulated markets.
What makes the acquisition extra valuable is the fact that OneCasino has built a strong tech and product portfolio. The operator’s intense focus on player engagement will complement Glitnor’s ethos, allowing it to offer exciting products to its players.
In addition, OneCasino leverages an in-house game studio in order to create bespoke experiences that fans cannot get anywhere else. This content will expand Glitnor’s existing suite of games and in-house PAM & RGS.
Glitnor Group announced that it expects to close the deal in the first half of the next year. It added that the transaction is subject to approvals from gaming and business regulators.
Executives Are Excited
OneCasino’s chief executive officer, Mark Schram, commented on the deal, saying that he is proud of his team’s accomplishments. According to him, joining Glitnor is the next logical step in his company’s growth journey. Schram said that he believes the two companies are a perfect fit, making him optimistic about the future.
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.
Mark Schram, CEO, OneCasino
Richard Brown, Glitnor Group’s CEO, also shared his thoughts, saying that his team is very excited to welcome the OneCasino team aboard. He praised the latter company for its strong business and impressive track record:
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.
Richard Brown, CEO, Glitnor
Brown added that OneCasino’s geographical profile will complement the group. In the meantime, Glitnor reiterated its commitment to promoting gambling safely.
