Playmillion pens €15m strategic deal with SkillOnNet.com
PlayMillion has finalised a strategic cooperation with SkillOnNet.com in a deal that will provide a secured amount of €15 million ($16.3 million) in support of the online casino’s future acquisition strategy.
The two companies have been working on a number of projects together since February of last year, with a number of potential deals set to be integrated into the SkillOnNet B2B unit.
With the new strategic agreement now in place, the financing will enable PlayMillion to expand its purchases to various services such as casino affiliation companies and casino brands.
“We’ve been growing quickly and hiring great people along the way; it’s truly exciting times here for all of us,” PlayMillion’s head of marketing, Martin Bauer, said.
“The combination of PlayMillion and SkillOnNet is expected to strengthen our position in the market and we couldn’t be more pleased. “
Michael Golembo, of SkillOnNet, added: “We are very proud of PlayMillion's track record, showing hard work, innovation and profitability over these past five years.
“Combining the tremendous success they have experienced alongside with the access to significant capital will allow them the opportunity to grow through acquisitions.”
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