Glitnor Group, the company behind igaming brands including LuckyCasino and Vera&John, has announced it has secured a €55m (£47.8m) investment from HG Vora Capital Management.
Bosses said the financing package will be deployed to aid the growth strategy, with a particular emphasis on M&A.
Glitnor Group, which owns games studio Swintt, also highlighted that the additional capital would “support the company’s continued growth, operational expansion and strategic initiatives across its regulated market footprint”.
HG Vora’s investment will help to fund a “recent M&A transaction” to enable the company to expand into new markets, bosses added.
Back in October 2024, Glitnor Group announced the acquisition of OneCasino for an undisclosed sum. The deal for the multi-licensed operator completed in the first half of 2025.
Glitnor Group CEO Richard Brown said: “This financing marks a significant milestone for Glitnor as we continue to scale our business across regulated markets and deliver value to our customers.
“The support from our financing partners underscores the strength of our current positions as well as the opportunities to accelerate growth, operating power and profitability.”
“Securing this debt facility demonstrates both our strong financial profile and the market’s confidence in our future. We are excited about the opportunities ahead and remain committed to delivering sustainable growth.”
Parag Vora, founder and portfolio manager of HG Vora, added: “We have been thoroughly impressed with Glitnor’s growth trajectory and the operational excellence underpinning its success.
“The company has established itself as a dynamic operator in the online gaming sector, and we are excited to provide a bespoke capital solution to accelerate its momentum.
“This investment reflects HG Vora’s conviction in both Glitnor’s strategy and the significant opportunities in regulated online gaming markets globally.”
Imperial Capital and Spectrum Gaming Capital acted as joint financial advisers to Glitnor Group on the deal.
HG Vora is a significant shareholder in US operator PENN Entertainment, the company behind ESPN Bet and Hollywood Casino.
The activist investor group filed a lawsuit against PENN Entertainment in May, after its nominated candidate was denied the chance to stand for nomination to the operator’s board of directors.
The lawsuit was eventually dropped amid a public spat between the two parties. Johnny Hartnett and Carlos Ruisanchez eventually secured the board seats at the operator’s AGM in June.
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Bosses say investment from major PENN shareholder HG Vora marks a “significant milestone” for the Malta-based icasino operator and B2B supplier
The post Glitnor Group secures €55m finance facility to fund further M&A first appeared on EGR Intel.