PressEnter Group is the subject of a management buyout led by Chief Executive Officer Lahcene Merzoug and members of his executive management team.
The transaction will soon be completed with Merzoug taking over as Executive Chairman. PressEnter Group’s management team consider the group to have significant growth potential and have agreed terms with the existing financial investors to acquire the business.
PressEnter Group will continue to operate out of its headquarters in Sliema, Malta, where the team runs its roster of brands including 21.com, JustSpin, NeonVegas Casino, NitroCasino, UltraCasino, and RapidCasino.
The management team sees this as a new chapter for the business and will be reviewing existing strategies and processes to maximise new opportunities, grow the business and focus on the company’s core strengths.
Lahcene Merzoug commented: “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.”