LCKY Group has completed its acquisition of RoyalCasino, a Denmark-focused online gaming operator. The deal was first announced in May, and the acquisition was completed in August following the required approvals.
RoyalCasino will join LCKY Group’s existing brands, including LuckyCasino, HappyCasino, Vera&John and FlaxCasino. The group, formerly known as Glitnor Group, expects the acquisition to strengthen its position in Denmark, which it describes as a well-regulated and stable market.
LCKY Group forecasts that the addition of RoyalCasino could increase group revenue by 18% to 20% and EBITDA by 29% to 31%. The financial terms of the acquisition have not been disclosed.
RoyalCasino currently operates exclusively in Denmark, although LCKY Group has indicated that the brand could expand into other markets in the future.
The deal creates opportunities to grow the company’s Danish presence and generate synergies.
Richard Brown, CEO at LCKY Group
RoyalCasino CEO Per Petersen also commented on the partnership:
The combination of the operator’s local market knowledge with LCKY Group’s scale and experience.
Per Petersen, CEO at RoyalCasino
The companies have already begun implementing their post-acquisition integration plan.
Comments
This action can't be undone.