London and Malta-based operator Whitezip has announced a merger with global igaming PAM and aggregation provider Markor Technology in a move that sees Whitezip CEO Dersim Sylwan appointed CEO of the combined organisation.
A statement confirming the deal noted that the newly formed company will operate under the Casimba Gaming brand and will offer customers “an even greater range of products and services while further solidifying its position in the igaming industry”.
By combining the strengths of the two companies, the merged organisation will, said the statement, establish a global footprint, showcase an “exceptional portfolio encompassing a comprehensive suite of igaming solutions, and demonstrate extensive expertise in navigating regulatory environments”.
Casimba Gaming CEO Sylwan has been a stalwart of the igaming industry since 2007, having held several leadership positions at prominent organisations including Leo Vegas Group, Kindred Group, and Svenska Spel. Prior to taking the helm of the merged company, he served as the CEO of Whitezip for two years.
Welcoming the amalgamation, Sylwan commented: “This merger between Whitezip and Markor Technology makes perfect sense. Combining the marketing, data, design and development expertise from Whitezip with the technology and operational expertise from Markor Technology will allow us to give both our customers and partners a great experience and portfolio of products.”
With consolidated revenues exceeding £100m, a robust profit margin, over 50,000 active customers, and 160 experienced staff across multiple global offices, this strategic move is, said the statement, expected to deliver “significant synergies”.
It added that the newly formed company remains committed to prioritising regulated markets, with special focus on the UK, the Nordics, and Canada.