Published
OnlineCasinoMergers & AcquisitionsIndustry

CEO leads management buyout of PressEnter Group

The PressEnter Group is to be bought out by CEO Lahcene Merzoug and other members of the senior management team following a management buyout.

PressEnter
Listen To Article

The current investors have agreed terms with the management team, which will see Merzoug become the Executive Chairman of PressEnter Group. Merzoug also used to be CEO of ComeOn Group.

The group will retain its headquarters in Malta, where it runs its casino brands, including 21.com, JustSpin, NeonVegas Casino, NitroCasino, UltraCasino and RapidCasino.

After the completion of the deal, the group will be ‘reviewing existing strategies and processes to maximise new opportunities, grow the business and focus on the company’s core strengths.’

After announcing the deal, Merzoug said: “The management team has worked hard for the chance to take ownership of the business, and we have a sound strategy that we strongly believe in.

"With the management team taking full ownership, the business will enter a new era. This is a major milestone for the organisation, and I look forward to leading from the front as we turn the page and start the next chapter of the PressEnter Group story.”

The news comes soon after PressEnter revealed it was going live in Ontario, which is a move seen by the group as ‘part of a wider international strategy, while additional LatAm market entries are scheduled for the coming months.’

Merzoug commented on the business’ North American debut, saying: “We have an ambitious international expansion plan and entering Ontario is yet another step towards PressEnter Group becoming a truly global, top-tier operator.”

Premium+ Connections
Premium

Sport Generate

 
Premium

1xBet Partners

 
Premium

Galaxsys

 
Premium

Lynon

 
Premium

GammaStack

 
Premium

RISK

 
Premium

Revsharks

 
Premium

PIN-UP Partners

 
 
Premium

Digitain

 
Premium

Imagine Live

 
Premium Connections
Consultancy

SCCG Management

Executive Profiles
Zeal Network SE

Stefan Tweraser

VIP Play

Les Ottolenghi

Scientific Games

Keshav Pitani

Social & App

Spribe CEO exclusive: Simplicity is the foundation

Spribe CEO David Natroshvili speaks to Gambling Insider abou...

Redefining iGaming: A history of crash games

Crash games is a growing vertical that has taken gambling by...

A certain something: What makes crash games special?

Crash games. They’re simple, they’re easy to learn and,...

Smarter innovation to shape the future

Spribe CCO Giorgi Tsutskiridze discusses the past, present a...

Facing Facts: The corner of quarterly contemplation

With Q1 reports out across the industry, Gambling Insider co...

Taking Stock: A guide to key stock prices across the industry

Gambling Insider tracks prices from some of the industry’s...

15 years of Gambling Insider: From the Founders

Over the last 15 years, Gambling Insider magazine has interv...

15 years of Gambling Insider: The Awards over time

Global Gaming Awards Event Manager Mariya Savova gives us he...