LCKY Group completes RoyalCasino acquisition after approvals

LCKY Group, formerly Glitnor Group, said it has completed its acquisition of Danish online casino brand RoyalCasino after securing all required approvals. The company said the transaction was wrapped up in August, and RoyalCasino has been integrated into its brand portfolio.

LCKY Group said the acquisition gives it a foothold in another regulated gaming market and that the two companies have since been working on a post-merger integration plan. The company projects the addition will raise revenue by 18–20% and EBITDA by 29–31%. LCKY Group also said it plans to launch RoyalCasino in new markets.

Richard Brown, LCKY Group's chief executive officer, said the acquisition will strengthen the company and open opportunities in Denmark. "We look forward to working closely with RoyalCasino to realise those opportunities and drive synergies that can create long-term value," Brown said. He added that Denmark aligns with LCKY Group's focus on growth in regulated markets.

RoyalCasino chief executive officer Pet Petersen also welcomed the deal. He pointed out that the company has secured a leading position among online casino operators in Denmark, a market he described as highly competitive, and said it intends to leverage that standing to support LCKY's expansion locally. Petersen said: "We look forward to working closely with RoyalCasino to realise those opportunities and drive synergies that can create long-term value."