Expansion of Glitnor Group's European presence through acquisition of OneCasino
Glitnor Group Acquires OneCasino to Expand European Presence and Boost Technological Capabilities
In a move aimed at expanding its market footprint and enhancing technological capabilities, Glitnor Group has announced its acquisition of OneCasino, an online casino operator with a strong presence in Spain, Denmark, and the Netherlands.
Mark Schram, CEO of OneCasino, expressed pride in his team's accomplishments and considered the merger as the next step in OneCasino's growth journey. Richard Brown, CEO of Glitnor Group, expressed excitement about welcoming the OneCasino team.
The acquisition will allow Glitnor Group to expand its reach in Europe, securing access to more than 8 regulated markets. OneCasino's geographical profile is expected to complement Glitnor Group, providing a strategic advantage in entering new markets or strengthening its presence in existing ones.
OneCasino leverages an in-house game studio to create bespoke experiences, which will expand Glitnor's existing suite of games. These bespoke experiences will further enhance OneCasino's proprietary technology and product offerings.
The transaction is subject to approvals from gaming and business regulators. Glitnor Group reiterated its commitment to promoting safe gambling.
The merger between OneCasino and Glitnor Group is considered a perfect fit due to their shared vision and potential synergies. The deal is expected to accelerate the growth potential of both companies. However, specific expected revenue figures from the deal have not been publicly disclosed.
The merger is intended to unlock new commercial, operational, and technological synergies for Glitnor Group. The intense focus on player engagement by OneCasino will complement Glitnor's ethos, promising a promising future for both companies.
The acquisition of OneCasino marks a significant step for Glitnor Group, as it continues to grow and solidify its position in the online gambling industry. Further updates or official statements from Glitnor Group may provide more comprehensive insights on the expected revenue, exact markets targeted, and detailed technology integration plans.
[1] Based on available information from recent news, the acquisition agreement has been confirmed, but specific details are yet to be disclosed.
In the context of their shared vision and potential synergies, OneCasino's expansion into regulated markets such as Spain, Denmark, and the Netherlands, through the acquisition by Glitnor Group, will boost their technological capabilities and offer more bespoke gaming experiences in sports and other areas. The integration of OneCasino's proprietary technology and product offerings, including its in-house game studio, will further strengthen Glitnor Group's position in the online gambling industry.
