Nevada Gaming Holding Acquires Ukrainian Operator Cosmolot

The Deal for the Acquisition of Spacesiks

The deal for the acquisition of Spacesiks, the owner of the largest Ukrainian online gambling operator, Cosmolot, has been completed. This acquisition marks a significant step in strengthening Nevada Gaming Holding’s position on the international stage and developing the Ukrainian market amid a challenging geopolitical situation.

Strengthening International Position

Cosmolot, which became the first company to receive a license for gambling after legalization in Ukraine in 2020, remains a leading player in the country. In 2023, the company contributed over $85 million to Ukraine’s budget, making it one of the largest taxpayers. This underscores the high level of trust in the Ukrainian gambling market, despite the challenges the country has faced in recent years.

Arnulf Damerau, CEO of Nevada Gaming Holding, emphasized that supporting Ukraine has always been a priority for the company. He noted that the deal will not only expand Cosmolot’s international presence but will also have a significant impact on strengthening the Ukrainian economy during this difficult period.

Investments and Support for Ukraine

Arnulf Damerau also highlighted that investing in Spacesiks was part of the company’s long-term strategy. He shared that a year ago, he invested in Spacesiks through his family office, with the goal of exploring the market and increasing his stake in the company. It is important to note that investments in the Ukrainian market were not only commercial but also part of philanthropic efforts. Damerau emphasized that his personal support for Ukraine began at the very outset of the conflict, and now he aims to continue this support in a more systematic way.

Plans for International Expansion of Cosmolot

The deal between Nevada Gaming Holding and Spacesiks opens new horizons for Cosmolot. The company has already stated its intention to expand the brand’s presence in the U.S. and Europe, with plans to enter international markets by obtaining licenses in countries such as Germany, Bulgaria, France, Greece, and the United Kingdom. Additionally, the company is looking at opportunities in the U.S., where it is already in the process of obtaining licenses in several states, including New Jersey, Pennsylvania, and others.

Cosmolot: A Global Gambling Giant

One of Nevada Gaming Holding’s key goals is to transform Cosmolot into a global brand capable of competing in major gambling markets. The company plans to leverage Cosmolot’s experience in gaming and sports betting, as well as in emerging verticals such as e-sports. This approach will allow Cosmolot to become a strong player on the international stage and solidify its position in the online gaming market.

Conclusion

The acquisition of Spacesiks and its assets is a significant step for Nevada Gaming Holding in strengthening its position in the global gambling market. The deal also underscores the company’s commitment to supporting Ukraine during difficult times and its willingness to invest in the country and its economy. In the future, Cosmolot could become one of the leading global brands in the gambling industry, and its success will serve as an example of how business can thrive even in times of instability.