Award-winning source for online casinos (LCB) has announced their acquisition of the internet’s largest casino directory and gaming supersite (WCD) for $1.7 million.

WCD is the premier one stop shop web destination for casino and gambling enthusiasts. It is a trusted source and go-to destination for online and land-based casino and gaming information with more than 10 years experience in the industry and over 4,000 locations in the directory. WCD covers every aspect of online and land-based gaming news in every region from the USA to Australia with casino reviews, latest news, game guides and much more.

The previous owner of WCD, Bernard Richter said: “Selling the World Casino Directory was one of the most difficult decisions I’ve made in my life. I had become truly attached to the people I work with and the World Casino Directory itself over the last decade. Thankfully, meeting Joshua and his extremely talented team has given me a great source of relief and pleasure because beyond realising what a big heart this man has, I also know with his leadership and skills that this team will be able to realise the vision I’ve always had for the site. I will be following their progress closely. One last note, on a very personal level, I’ve enjoyed meeting quite a few of you reading this article over the last decade, and plan to see you all in my future endeavours.”

LCB is excited about the future with WCD and plans to make the transition as smooth as possible adhering to WCD’s original goal stating “They’ve got a good thing going and we have no intention of veering from the original mission.” Updating and building up the website will no doubt be part of the future plans to improve the site over time as well as exchanging and administering any positive notes to their own website as well along the way.

Founder of LCB, Joshua Chan commented on the deal stating: “Bernard and I agreed to the deal late last year after several weeks of negotiations. I came to know that Bernard was interested in possibly selling the site after he mentioned in an unrelated email if I was interested in looking to make another big purchase I should drop him a line. After chatting we discovered that we shared a similar vision for the site and I put his mind at ease ensuring we would retain all of his staff and friendly work environment. My team at LCB have big plans for the site and are very excited to build on what Bernard and his team have already done.”

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GIG signs largest affiliate acquisition

Malta-based Gaming Innovation Group (GIG) and its subsidiary Innovation Labs have acknowledged a deal to obtain the affiliate website for €11.5 million.

GIG stated that this acquisition, which is their largest to date, will significantly strengthen its position as a leading affiliate in Europe. Their vision is to make the iGaming industry “an open and connected ecosystem for the benefit of all” and this acquisition is in keeping with that vision.

The agreement will include the website along with all related assets. The acquired assets current yearly revenue run-rate is around €3 million and an EBIT margin over 90%.

Robin Eirik Reed Group CEO at GIG speaking at SiGMA16

Group CEO at GIG Robin Eirik Reed speaking at SiGMA16

It is expected that this purchase will increase annual referred first-time depositors by approximately 25,000 and further enhance Innovation Labs’ position outside of Scandinavia and regulated markets like the UK.

CEO of GIG Robin Eirik Reed stated: “The aim of GIG is to build the largest distribution network in iGaming for our clients and suppliers, and as such creating an eco-system for iGaming. This acquisition is our largest in the affiliate space till date and will significantly increase Our traffic driving capability. More so it was done facing stiff competition, at an attractive multiple of four on current revenue run-rate, excluding potential cost and revenue synergies. We are delighted to acquire”

CEO of Mihail Todorov also had this to say: “I am very excited about GIG taking this product further, and look forward to help them achieve the goals and vision for this unique project.”

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UK facing online casino Chance Hill acquired by InstaCasino has acquired for an undisclosed amount, in a deal that was settled on the 27th of February 2017. The website, database and all assets where transferred to the new owners as at 01.03.2017.


InstaCasino team at their stand during SiGMA16. View the full gallery here.

InstaCasino was the first partner to strike a whitelabel deal with iGamingCloud back in September 2015. The online casino’s core markets are Norway, Sweden, Finland, Germany, Canada and the UK.

CEO of InstaCasino, Allan Bjerkan, had the following to say:

“This is a crucial moment in the company’s history. We have a well defined strategy of rapid organic growth for our brands, and we believe Chance Hill will fit beautifully into that strategy.

We already had the resources needed to take on a project like this, and given that Chance Hill is on the same platform as InstaCasino, we believe it will be a very smooth transition for us.

This will boost our visibility in the UK, which is a regulated market where we are looking for a bigger market share. We have already started improving the site, and thus players can expect to see many improvements each passing day.

In the next weeks the number of games on the site will double, up to more than 1000 games on desktop and 500 games on mobile. On top of this we will be improving the sites functionality and the speed of the website, while removing existing bugs.

On a slightly longer timeframe we are looking to add a Sportsbook to Chance Hill, which we believe will complement the brand perfectly.

Chance Hill will be connected to our existing affiliate program, so this will also serve our partners very well.”

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Kindred makes a £175m takeover bid for 32Red

Malta-based online Swedish gaming and sports betting company Kindred Group has agreed to buy the smaller UK rival award-winning online casino 32Red for £175.6, the latest deal in a wave of betting industry consolidation.
Kindred, formerly known as Unibet, will pay 196 pence per share which is 16% above the latest closing price of 172 pence. A second interim dividend of 4p per share will be paid by 32Red and not Kindred. Over the last few weeks, share prices for 32Red have surged with takeover speculations.

The last acquisition made by Kindred Group was back in 2015 with the purchase of which in turn made them one of Europe’s biggest online gambling providers. The group has more than 15 million customers across 100 markets with Europe and Australia considered their core regions.

Founded in 2002, the Gibraltar-based casino who is listed on London’s Aim market has grown quickly within the past few years with around 125 employees based in Gibraltar. They operate online casino, online poker, online bingo and online sports betting under the brands,, and

Confirmation of accepting the offer has already been given by the shareholders who hold a combined 71.1% stake in 32Red. The offer is conditional upon Kindred gaining acceptances of more than 75%.

Kindred Group Chief Executive Officer Henrik Tjaernstroem said: “We’re optimistic we will be over 75 percent in a short space of time.”

32Red’s CEO Ed Ware had this to say about the acquisition: “We have consistently and profitably grown 32Red’s market share in the regulated markets of the UK and more recently, Italy,” 

“The management team at Kindred have a similar business philosophy to our own and we look forward to joining forces with Kindred and continuing our successful growth within the Kindred group.”


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LeoVegas completes its first acquisition in group’s history

LeoVegas today has carried out their first acquisition in the company’s history with the purchase of the Italian gaming operator The Italian operator holds a licence for the Italian market which is currently the largest regulated gaming market in Europe according to data from H2 Gambling Capital. With this addition, it gives LeoVegas and established positioning there.

LeoVegas party held during SiGMA16

LeoVegas party held during SiGMA16

LeoVegas will acquire 100% of the company who in 2016, had a revenue of €8 million. The agreement includes a cash consideration of €6.1 million.

Winga, an organisation comprising of 33 employees, offers their customers a full product offering with 50 percent of their revenue being generated from Live Casino. This includes studio environment and their unique product which is broadcasted live on Italian TV as well as Sky TV. LeoVegas plans to gradually introduce their brand into the Italian market while Winga benefits from their data-driven marketing approach and strengths on the product side and mobile technology around the customer experience.

The purchase price to the seller of Winga which is Paf (Ålands Penningautomatförening) will be paid in two parts and expected to be finalised on 1st March 2017 subject to customary conditions and approval from the Italian authorities.

LeoVegas’ Group CEO Gustaf Hagman commented: “This is yet another milestone in LeoVegas’ development.”

He continued: “The acquisition of will enable rapid expansion in Italy, as we are acquiring a company with local knowledge and an established position. LeoVegas’ expansion strategy is to grow in markets that are either regulated or in the process of being regulated. Our focus on mobile gaming and our proprietary, flexible technology platform create the conditions for a successful acquisition.”

LeoVegas has evaluated around a dozen acquisition opportunities during the past year and having a cash position of over €55 million, they are in a position to continue with new strategic acquisitions moving forward.

This acquisition sees LeoVegas holding gaming licences in the UK, Denmark, Ireland, Malta and now Italy.


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Catena Media acquires casino affiliate newcomer of the year

Fast growing online performance marketing and lead generation company Catena Media further consolidates its market leader status in Sweden strengthening its position with the acquisition of and its related assets.
Europe’s fastest growing lead generation company will have all the assets of the Swedish focused casino affiliate consolidated by the 1st Feb 2017. The secured assets are expected to generate sales of around €300,000 within the first quarter of 2017 with a pre-tax profit margin of more than 75%

Catena Media stand at SiGMA 2016

Catena Media stand at SiGMA 2016 was founded in 2015 with a vision to become Sweden’s premier free play casino guide. They offer engaging gaming industry news, casino guides and casino Top Charts.

The terms of the acquisition see an upfront payment of €3,575,000 that will be paid as a cash consideration together with the transfer of the assets. Additionally, an earn out of maximum €5 million is in play which will be based on revenue performance for a period of two years. The sellers need to generate a revenue growth in excess of 130 percent within that period in order to achieve the full earnout amount.

Robert Andersson, CEO of Catena Media said: “We work continuously to identify attractive acquisition prospects that complement and strengthen our portfolio. has demonstrated a solid growth, with an interesting content offering. This acquisition consolidates our leading affiliate position in Sweden even further.”

KPMG has acquired P5+ Management Ltd

International audit tax and advisory services company KPMG has recently acquired P5+ Management Ltd. (P5+) which is a talent advisory firm that offers management acquisition and retention advisory services as well as customised people development programmes.

The company will be renamed KPMG Talent (P5+) and is led by Malcolm Pace Debono who has been appointed a director in KPMG. His appointment brings the firm’s engagement leaders to thirty-one. The P5+ team comprises of over nine talented management specialists which include resident consultant Ph.D’s in the field.

KPMG’s game plan involves strengthening their people and change service offering. This acquisition falls in line with their vision to be the ‘Clear Choice’ for their clients as they continue to grow and innovate their service offerings.
They also expressed how this will enable them to offer clients a more “holistic suite of talent management, acquisition and retention services in a climate characterised by significant human resource shortages and challenges.”

You are invited to contact Mr Malcolm Debono (  or Mr Tonio Zarb directly who would be more than willing to provide any assistance in this area.

Mr Green purchases online gaming company Dansk Underholdning

Malta-based and leading European online gaming company Mr Green plans to launch their online casino in Denmark this year after today purchasing all of the shares of the Danish online gaming company Dansk Underholdning.

Dansk Underholdning the multi-branded bingo and casino operator who holds a Danish casino gaming licence has a very strong base in the Danish gaming market. Seeing that Dansk Underholdning was a cash acquisition, the board of directors of Mr Green plans to propose no dividends to be paid for the 2016 financial year at their Annual General Meeting.

Mr Green's stand at SiGMA 2016

Mr Green’s stand at SiGMA 2016

Mr Green offers casino and sportsbook games with a vision of expansion into new geographic markets. This purchase aligns with their vision and is expected to have a positive effect on their earnings per share and operating cash flow in 2017.

In 2016, Dansk Underholdning generated revenue of approximately EUR 3.9 million. They also reported a year-on-year growth of 27 per cent.
Some of the well-known brands that are housed under Dansk Underholdning include Bingosjov and Bingoslottet och Balletbingo.
Peter Eugen Clausen, CEO and co-founder of Dansk Underholdning is expected to stay on as CEO of the company after the acquisition.

The purchase consideration is calculated using an EBITDA multiple of seven for the annualised earnings during the period May 2016 up to and including March 2017. The acquisition is cash financed with an initial purchase consideration of approximately EUR 9 million in March/April 2017 and an additional purchase consideration of maximum EUR 650,000 may be triggered in April 2018 provided that certain conditions have been met.

Mr Green is expected to be launched along Dansk Underholdning’s existing brands with synergies happening with the introduction of the various products and services Mr Green has to offer in Denmark.

Per Norman, CEO of Mr Green & Co. stated: “Since we are focusing on expanding to locally regulated markets, an acquisition in Denmark has been high on our list. Dansk Underholdning is a successful company that we warmly welcome into the Mr Green family”.

Peter Eugen Clausen, CEO and co-founder of Dansk Underholdning commented: “We are excited to become part of Mr Green, which, in my opinion, is one of the most skilled operators in the industry. The deal is a perfect match as it combines Mr Greens competencies and economies of scale with the Danish presence and local knowledge of Dansk Underholdning. We look forward introducing Mr Green in Denmark.”

The acquisition is conditional on the approval of the Danish Gambling Authority and consolidation is expected to take place in April 2017.

Cherry becomes third largest Nordic Gaming Company with the Acquisition of remaining ComeOn Shares

Swedish gaming company Cherry AB has opted to attain the remaining 51% of the shares in ComeOn Malta Ltd. Cherry is anticipated to triple their revenue becoming the third largest Nordic-focused private sector gaming company as a result of this acquisition.

This purchase will see a strong economic growth and expected to deliver a solid background for a continued international expansion with stable brands.

The combined company’s pro forma revenues for the third quarter of 2016 amounts to SEK 475 million with an EBITDA of SEK 109 million. The Cherry Group expects that with the acquisition of ComeOn, it will generate total revenues for the full year 2017 of between SEK 2 600 and SEK 2 700 million with an EBITDA of SEK 550 to SEK 600 million.

Fredrik Burvall, President and CEO, Cherry stated: “We are very pleased to be able to now conclude the acquisition of ComeOn, which means that we considerably strengthen our position in the market. Together we will create an entrepreneurial-driven gaming company where both Cherry and ComeOn have significantly stronger organic growth than the market, and the acquisition improves the Group’s results considerably. This deal also means that Cherry iGaming will increase its revenues from sports betting. Cherry already has a unique income stream diversification from five different business areas along the gaming value chain”

ComeOn holds a strong position in the company’s main markets such as Norway, Finland and Sweden with a successful strategy based on multi-branding. Their games are marketed under many well-established brands like,,,,,, and Around 25% of ComeOn revenue comes from sports betting.

The union of the two companies began earlier in July 2016 and has been progressing according to their plan. So far, the integration work carried out confirms Cherry’s view that compelling synergies exist both in short and long term.
The acquisition of the remaining 51% shares is expected to be concluded in the first quarter of 2017.

Catena Media Announces Casino UK Acquisition

Catena Media, the lead generation and online marketing company have expanded their reach with the acquisition of Casino UK. The purchase price which is payable upon completion amounted to €10.6 million.

The purchase was penned on November 30, 2016 and under the terms of the acquisition, Catena Media will consolidate Casino UK and their related assets in their own operation in order to “utilise the synergies” between the two companies.

Casino UK website is estimated to generate a revenue of around €600,000 per quarter with an operating margin of about 80%. Most of its revenue comes from the UK market. They currently provide reviews about UK-facing online casinos popular casino games guides and other gambling related content.

Catena Media CEO Robert Andersson commented on his company’s acquisition in a press release on Thursday stating how pleased they were with the opportunity to strengthen their UK position.

Catena Media also acquired another UK-based and oriented website SBAT, a sports statistics and betting tips website earlier in October at a cost of €3.2 million (with an option for an additional earn-out of up to €10.5 million).

Catena Media was founded in 2012 and proves to be a fast growing lead generation company having offices in the United Kingdom, Serbia and Malta. Their main focus during the past year has been on growing their market position within the iGaming industry by organic growth and strategic acquisition of key affiliate businesses in its main markets of interest.

Within Catena Media’s four-year history, they made gambling news this spring with their largest transaction to date being the acquisition of the Serbian affiliate portal AskGamblers for the amount of €15 million. Within the past several months as well the company has purchased several affiliate brands in the Italian, UK and German markets.