PressEnter Group announces Management Buyout

By Dave Sawyer, Last updated Sep 5, 2023

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 modern headquarters in Sliema, Malta, where its highly talented team run its roster of popular brands. These include 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, 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.”

Dave Sawyer
ConnectConnect

Dave has been involved in the Online Gambling industry for 20 odd years now. With experience working for an operator based in Gibraltar, where he headed up the IT team at Ladbrokes, to running his own iGaming affiliate websites until 2019.

Dave now writes for Casinomeister and sister site Casino Gazette. You may also see him on the forum from time to time, where he goes by the handle Webzcas.


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