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Spiffbet Completes Manisol Gaming Acquisition

The sale is valued at SEK30m which includes SEK20m to purchase the brands and a further SEK10m in acquired debt.

Spiffbet Completes Manisol Gaming Acquisition
Spiffbet Completes Manisol Gaming Acquisition

Swedish online betting and casino operator, Spiffbet, has completed its takeover of Malta-based Manisol Gaming. The acquisition of Manisol Gaming, owners of Scandibet and TurboBet, is expected to generate a 50% increase in Spiffbet’s casino sales. 


The sale is valued at SEK30m which includes SEK20m to purchase the brands and a further SEK10m in acquired debt.


In a recent statement, Henrik Svensson, Chief Executive of Spiffbet, explained:

“With this acquisition, Spiffbet reaches a critical mass and becomes a player to be reckoned with in the gaming industry. This also opens up opportunities for major acquisitions and structural deals in the future,” 


Adding, “The ambition is to get the maximum return on the advantage of being listed on the stock exchange, through our proven ability to carry out acquisitions and the large cost advantages that can be achieved thanks to higher turnover. This also strengthens the synergy effects between gaming services and our casino operations. We will continue to act as a locomotive for acquisitions”

Maria Boelius, Head of Casino Operations at Spiffbet, commented: 

“We really welcome Manisol with all employees. It will be a perfect reinforcement of our team and solve part of our recruitment needs. It is also an asset to have Johan Styren [founder and owner of Manisol Gaming] as a sounding board in the future with his solid industry experience. In one fell swoop, our conditions for growing and creating profitability are improved in a fantastic way.”


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