LCKY Group Wraps Up Its Acquisition of RoyalCasino

Earlier this year, LCKY Group, formerly known as Glitnor Group, set out to acquire RoyalCasino, a leading online casino brand in Denmark. Now, the former company announced that it has completed the transaction, adding the latter to its brand portfolio. LCKY Group Added RoyalCasino to Its Brand Portfolio In its announcement, LCKY Group said that it has completed the acquisition of RoyalCasino after passing all of the required approvals. As a result, RoyalCasino has been brought under the LCKY Group fold and integrated into its broader brand portfolio. LCKY Group stated that this acquisition highlights its commitment to growing in a disciplined and value-accretive manner. The acquisition furthermore provides LCKY Group with a foothold in another well-regulated gaming market. LCKY Group explained that the acquisition was wrapped up in August. Since then, the two companies have been making steady progress with their post-merger integration plan, providing LCKY Group with meaningful growth in Denmark and allowing it to improve its operating leverage and generate shareholder value. Forecasts project that the addition of RoyalCasino to LCKY Group’s brand portfolio will have a significant impact on its business, boosting its revenue by 18-20% and its EBITDA by 29-31%. At the same time, LCKY Group teased plans to launch RoyalCasino in new markets, growing the brand, and helping it reach more customers. Leaders Remain Optimistic Company leaders expressed excitement about the acquisition. Richard Brown, LCKY Group’s chief executive officer, said that the acquisition of RoyalCasino will bolster his company and unlock significant new opportunities in Denmark. We look forward to working closely with RoyalCasino to realise those opportunities and drive synergies that can create long-term value. Richard Brown, CEO, LCKY Group Brown added that Denmark is a market that aligns closely with LCKY Group’s focus on pursuing growth in regulated markets. Pet Petersen, RoyalCasino’s chief executive officer, was similarly pleased with the agreement. He noted that RoyalCasino has cemented itself as a leading online casino operator in Denmark, which is a highly competitive market, and plans to use this position to help LCKY grow its local footprint. Petersen said: “We see the combination of our local expertise and LCKY’s scale and pedigree as a great recipe for shared success, and we’re thrilled to now be able to introduce them to our Danish customers.”