Finnish gaming operator Paf has acquired Swedish rival Mandalorian Technologies to boost its fortunes in the latter country’s regulated online gambling market.
On Friday, Paf announced that it had acquired the operations of Malta-based Mandalorian Technologies Ltd, which include the No Account Casino, No Account Bet, Prank Casino and Prank Bet dot-com sites.
Mandalorian’s sites have licenses issued by the Malta Gaming Authority as well as licenses issued by Sweden’s Spelinspektionen gambling regulatory agency. Paf, which holds a gambling monopoly in Finland’s autonomous Swedish-speaking Åland Islands, claims that the acquisition will make it “one of the ten largest gaming companies in Sweden” and signals the company’s “long-term ambition to be a leader” in Sweden’s regulated market.
Paf CEO Christer Fahlstedt said his group had been following Mandalorian’s growth “closely for almost a year,” noting that the company “did not exist two years ago and their journey has been fantastic.”