Glitnor to remain a significant shareholder.
Glitnor Group and KaFe Rocks Group have mutually and amicably decided not to complete the transaction in regards to the acquisition between the two groups.
After much deliberation, and given market conditions, Glitnor Group and KaFe Rocks Group have agreed that now is not the time to fully complete the acquisition.
As such, KaFe Rocks and the Time2play.com brand will continue to be managed by its founding members and leadership team on a day-to-day basis as they continue to focus on the growth and development of the business.
Glitnor Group, will remain as a significant shareholder in the companies and will continue to have a close, professional and friendly relationship with KaFe Rocks Group.
Both parties would like to stress that the recent decision for KaFe Rocks and its CEO, Simon Pilkington, to part ways, has no relation to this news.
About KaFe Rocks Group: KaFe Rocks is a remote-working iGaming Affiliate providing users with a global portfolio of informative websites, localised content, and data that will help consumers worldwide make informed choices. KaFe Rocks is known for its people-oriented vision and strong corporate culture. The company was named Employer of Choice 2021-2022 at the Employee’s Voice Awards hosted by Business Leaders Malta, and Employer of the Year at the EGR Operator Awards 2022. KaFe Rocks was shortlisted for the iGB Affiliate Employer of the Year and the iGaming Idol Employer of the Year awards in 2021 and 2022.
About Glitnor Group: Glitnor Group is the multi-award winning iGaming business, founded in 2018 by industry veterans who have founded and managed several successful businesses over the last decade. The powerhouse behind brands such as Luckycasino, happycasino and B2B provider, Swintt, Glitnor Group strives to be the most entrepreneurial and fastest growing business group in the iGaming industry, sporting a +100% year-on-year growth since its foundation. Glitnor has over 200 team members working from two main locations in Malta and Bulgaria. Glitnor Group has a presence across Europe and North America, with a unique and proven track record of building and nurturing strong brands, culture and work environment. The company’s ambition is to take global leadership and change the competitive landscape for Game Studios, Game Operators and Lead Generation.
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