Glitnor Group has accelerated its expansion drive into North America by striking a deal to acquire a 37.5% stake in New Jersey igaming operator PlayStar.
A Glitnor spokesperson told iGB that neither the value of the transaction, nor the timeframes involved, are currently being disclosed by the parties.
A joint statement revealed that the shareholding would be acquired “over time”.
PlayStar was founded by chairman Joel Wikell. It attracted a $15m (£11.7m/€13.5m) equity investment from Meyer Global Management in December 2022. The deal was announced five months after its launch in New Jersey. The announcement also came two months after unveiling its casino app in the state.
A Glitnor spokesperson told iGB that neither the value of the transaction, nor the timeframes involved, are currently being disclosed by the parties.
A joint statement revealed that the shareholding would be acquired “over time”.
PlayStar was founded by chairman Joel Wikell. It attracted a $15m (£11.7m/€13.5m) equity investment from Meyer Global Management in December 2022. The deal was announced five months after its launch in New Jersey. The announcement also came two months after unveiling its casino app in the state.