Better Collective breaks into UK M&A market with CasinoLounge.co.uk acquisition
Wednesday 6th September, 2017 – Better Collective, the world’s leading developer of digital platforms for betting tips, bookmaker information and iGaming communities, has completed its first major acquisition in the UK market with the purchase of CasinoLounge.co.uk. This acquisition comes shortly after Better Collective’s significant acquisition of the Austrian affiliate, SportFreunde.
With bettingexpert.com being a popular player in the UK, Better Collective have a long-targeted growth strategy within the region, especially with the continued expansion of their casino presence.
CasinoLounge.co.uk started in 2013 as the brainchild of only two people, and joined the Cashmio organisation in 2015. With the recent growth of Cashmio, the owners of CasinoLounge.co.uk felt that it wasn’t receiving the attention it deserved. The acquisition by Better Collective is mutually beneficial for all parties, as their experience and resources will help develop CasinoLounge.co.uk even further as Cashmio focuses on their own Casino business.
CasinoLounge.co.uk is Better Collective’s first large acquisition in the UK casino market—but the ambition is to build on this achievement and continue forward in the UK.
Michal Kopec, Head of M&A at Better Collective said: “As an established affiliate, known in the UK market and with UK being a primary market for Better Collective we are happy to expand our portfolio with CasinoLounge.co.uk.
“We believe this will be a good step in our M&A activity, and that we have found a right moment for the two parties to enter into such an agreement that will see both sides benefit from this contract.”
Maria Boelius, CEO at Cashmio said: “CasinoLounge.co.uk was originally a hobby project, and we are very proud of what it has grown to be. It is bittersweet to say goodbye to our baby, but we are in a position where it is in everyone’s best interest to hand it off so we can focus solely on Cashmio.
We are happy to pass CasinoLounge on to an industry leader like Better Collective. We are sure that in their experienced hands, CasinoLounge will be able to develop even further.”
About Better Collective
Better Collective vision is to empower iGamers through transparency and technology—this is what has made them the world’s leading developer of digital platforms for betting tips, bookmaker information and iGaming communities
Founded in 2004, Better Collective powers a range of gambling sites and products, including the world’s biggest social network for sports betting, bettingexpert.com, which generates more than 125,000 new betting tips per month.
The social tipping product brings together and analyses the opinions of over 350,000 users worldwide across 40 different sports. In 2015, bettingexpert.com was named Best Affiliate at the prestigious EGR Operator Awards.
In 2016, Better Collective launched SmartBets, the world’s first customisable odds comparison site, offering in-depth team and match pages for complete overview, in-play odds and full transparency on bookmaker payouts.
Better Collective’s portfolio includes more than 1,000 websites and products. This includes DiscoverSlots, the platform that helps users find slots tailored to them, CasinoVerdiener, the go-to place for German casino players, and bettingexpert LIVE, the world’s first in-play tipping app.
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