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Glitnor Group to purchase 37.5% of PlayStar
Glitnor Group will be expanding its US presence via an acquisition of 37.5% of PlayStar’s shares.
Having been founded a couple of years ago, PlayStar is a rapidly-expanding iGaming operator. The firm entered the gambling market of New Jersey around a year ago, since which it has been able to solidify its position in the state’s gambling sector.
The operator offered its players a set of top-notch personalized experiences, which helped it grow at pace. Seeing the company’s progress, Glitnor set out to assist the firm’s growth via an acquisition of a bit over 37% of PlayStar’s total shares.
Glitnor Group’s Co-Founder, Jorgen Nordlund, remarked:
“We aim to find some of the iGaming industry’s most promising companies through Glitnor Ventures, and we are certain that PlayStar is a standout example of such a firm in the United States. Our purchase of a portion of the company’s shares follows its first year in the regulated market of New Jersey, where PlayStar has proven itself as an excellent operator with high-quality localized gambling offerings.”
The CEO of PlayStar Casino, Per Hellberg, commented:
“We are excited to be welcoming Glitnor Group as an investor. We are certain that with their resources and help, we will be able to further enhance our offerings in New Jersey’s gambling market, following our successful inaugural year in the state.”
This latest contract will be carried out through Glitnor’s investment subsidiary, Glitnor Ventures, which is specifically tailored to assist smaller businesses in their expansion journeys through the use of the group’s extensive knowledge and expertise.
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