Glitnor Group has signed a share purchase agreement (SPA) to acquire iGaming operator OneCasino, as the group looks to further its geographical reach.

OneCasino currently operates in a number of regulated markets, including the Netherlands, Spain and Denmark, and plans to enter Germany, subject to regulatory approval.

Glitnor said the combined business will significantly enhance the group’s financial scale and create further geographical reach across Europe, while offering attractive commercial, operational and technological synergy.

The consolidated entities are expected to surpass €150 million in pro forma revenue in 2024.

The deal is expected to close in the first half of 2025, subject to necessary regulatory approvals.

“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,” said Glitnor Group CEO Richard Brown.

“The hugely complementary geographical profile and high-quality product OneCasino have rapidly expands 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,” Brown concluded.

Marrk Schram, CEO of OneCasino, commented: “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,” he added.

“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.”