Glitnor Group has expanded its online casino portfolio by signing a Share Purchase Agreement to acquire European operator OneCasino.
Following the SPA, OneCasino will become the latest online casino brand to operate under the Glitnor Group banner, adding to its existing platforms LuckyCasino and HappyCasino.
Leveraging OneCasino’s “strong proprietary technology stack” and roster of exclusive slot releases offered via an in-house studio, Glitnor expects revenue for the consolidated entities on a proforma basis to surpass €150m in 2024. The deal is expected to be closed in the first half of 2025.
Richard Brown, CEO of Glitnor, commented: “We are tremendously excited to welcome OneCasino and its team into the Glitnor Group. The transaction accelerates our long-term vision to become a leader across high value, regulated markets in the igaming industry.
“The hugely complementary geographical profile and high-quality product OneCasino have rapidly expanded both companies’ short- and long-term addressable market. 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.”
Reaching the agreement to form the combined business will allow Glitnor to strengthen its position in the European gaming market, extending its operations to over eight regulated jurisdictions.
This includes the Netherlands, Spain and Denmark, where OneCasino holds the appropriate licences to operate an online casino platform. Additionally, the operator has undertaken plans to enter the regulated German market, with its licence pending final approval.
Mark Schram, CEO of OneCasino, added: “We’re incredibly proud of what the OneCasino team has accomplished over the years. Joining forces with the Glitnor Group marks an exciting new chapter for us as we continue to grow and expand into new markets.
“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.
“At the core of our business we always ensure that players can enjoy our platform in a safe and responsible manner. Together, OneCasino and Glitnor are sure to become a leading force in the regulated igaming space, and I look forward to the exciting opportunities ahead.”
