Swiss igaming technology provider Gamanza Group has agreed to divide its business into two distinct units to be run by its two 50% shareholders: its founder Magnus Lindberg and Stadtcasino Baden Group.
Stadtcasino Baden already held – through Grand Casino Baden AG – a 50% stake in Gamanza Group, while Lindberg co-founded the company.
Grand Casino Baden AG has become a major player within the Swiss gaming market, which has been growing steadily since 2019.
Stadtcasino Baden Group will take over the units of Gamanza’s player account management system and customer engagement platform, continuing to manage these under the Gamanza brand.
Lindberg will assume control and management of Gamanza’s game development and sports betting divisions.
Furthermore, Grand Casino Baden AG – which became the first gambling venue in Switzerland to roll out an online casino service in 2019 – will assume responsibility for around 60 Gamanza employees based in offices in Slovenia and Costa Rica, while approximately 30 employees at the locations in Serbia, Sweden and Malta will move with Lindberg.
All parties have agreed to keep the financial terms of the deal undisclosed at this current time.