Key points:
- Nevada Gaming Holding has acquired Cosmolot owner, Spacesiks
- The investment manager is expanding its international portfolio and is looking to bolster Ukraine’s economy
- The intention is for Cosmolot to have a US IPO in 2026
Nevada Gaming Holding LLC has announced that it has completed the acquisition of Spacesiks LLC, the owner of Ukraine’s first and largest online gambling company, Cosmolot.
This deal originally began negotiations in February this year at the 2024 Munich Security Conference. Now completed, the US-based investment manager can further expand its international portfolio.
Nevada Gaming Holding will look to expand Cosmolot into major markets around the world including in the US and Europe, while also looking to help boost contributions to Ukraine’s state budget to help its economic recovery.
Good to know: Gambling was legalised in Ukraine in 2020
Nevada Gaming Holding President and CEO Arnulf Damerau said: "Since the invasion began, I've provided targeted support to Ukraine, but I wanted a more systematic approach.
"A year ago, I invested our family office funds into Spacesiks to explore the market and expand my stake, reinvesting dividends into other Ukrainian IT companies alongside philanthropic efforts.
"Following the acquisition and securing of guarantees for the safety of foreign investments, I will promote investment opportunities in Ukraine and expand Cosmolot into major markets in the United States, Europe and beyond.
"With Nevada Gaming Holding's financial backing, we're obtaining licenses in the EU and the USA, including Germany, Bulgaria, the UK, France, Greece and several US states such as Connecticut, Delaware, Michigan, New Jersey, Pennsylvania, Rhode Island and West Virginia."
In other news from the region, the Ukrainian Gambling Council in recent weeks has appealed to Google to lift advertising restrictions on licensed gambling operators in Ukraine.
