Industry News

Spiffbet Acquires Manisol Gaming

Published

4 years ago

March 15, 2021

Niji Narayan

Reading Time: < 1 minute

Swedish online operator Spiffbet has acquired Manisol Gaming, which operates Scandibet and TurboVegas. The acquisition is expected to increase Spiffbet’s casino sales by more than 50%.

The purchase price corresponds to SEK30m on a debt-free basis. In addition, there is a possible additional purchase price corresponding to SEK 6m.

In parallel with the acquisition, a directed new issue of SEK41m is carried out before issue costs, which is secured through subscription commitments. Spiffbet continues to consolidate the industry through acquisitions and structural transactions.

The acquired business is expected to be relatively easy to integrate into Spiffbet’s casino business, as Manisol already works with the same technology platforms as Spiffbet.

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Niji Narayan

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.