PressEnter

Malta-based PressEnter Group is to be subject to a Management Buyout transaction led by chief executive officer Lahcene Merzoug and some members of the executive management team, several iGaming media outlets reported on Wednesday.

The transaction, which is expected to be completed shortly, will see Mr Merzoug take over as exec chairman.

The company’s management team are said to consider PressEnter Group to have significant potential for growth, going as far as agreeing terms with existing financial investors to acquire the business from investors.

PressEnter Group, founded in 2018 and formerly known as BetPoint Group, will continue to operate out of its headquarters in Sliema, Malta, where its talented team run its roster of popular brands. These include 21.com, JustSpin, NeonVegas Casino, NitroCasino, UltraCasino and RapidCasino.

Viewed as a new chapter for the business by management, the team will be reviewing existing operations and strategies to ascertain avenues for new opportunities, achieve growth and consolidate on strong points.

Lahcene Merzoug, Chief Executive Officer at PressEnter Group, 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.”

Continue Reading

Gammix Limited slams ‘outrageous and unsubstantiated’ €19.7m KSA penalty

1 March 2024
by iGamingCapital.mt

'The KSA has imposed upon our company a penalty that is both outrageous and unsubstantiated'

IZI Finance generates a pre-tax profit of €323,142 during the final six months of 2023

29 February 2024
by iGamingCapital.mt

An upturn in revenue largely came from operating Malta's National Lottery

EGBA welcomes confirmation of Frankfurt as seat of new EU anti-money laundering authority

28 February 2024
by iGamingCapital.mt

AMLA, which will commence operations in mid-2025 with over 400 staff members, will possess both direct and indirect supervisory powers over obligated entities, including the EU’s biggest financial institutions

‘People who fix things and those with a vision – that’s the fire I’m looking for’

27 February 2024
by Ramona Depares

VentureMax CEO Justin Anastasi reveals bold plans to support innovative tech projects in 2024

See more