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Home » Raketech Sells Casumba Assets for EUR 12 Million to Advance Platform-First Strategy

Raketech Sells Casumba Assets for EUR 12 Million to Advance Platform-First Strategy

Bartosz Hrydziuszko by Bartosz Hrydziuszko
September 26, 2025
in Business Strategy
Reading Time: 2 mins read
Raketech Group Holding Plc has completed the sale of its Casumba assets for EUR 12 million in response to evolving regulatory conditions in key markets.

Raketech Group Holding Plc has completed the sale of its Casumba assets for EUR 12 million in response to evolving regulatory conditions in key markets.

The transaction features a deferred payment structure with monthly instalments running through December 2029 and no upfront cash component. The consideration carries an 8% interest rate across the payment period. Under IFRS 9 accounting standards, the deferred consideration has been valued at approximately EUR 7 million fair value at closing. The EUR 5 million variance between the fixed consideration and fair value accounts for ongoing credit risk and the extended payment timeline. Any subsequent adjustments will be reflected in the profit and loss statement throughout the payment period in line with IFRS 9 requirements.

The divestment aligns with Raketech’s platform-first approach, enabling the company to concentrate resources on core markets and sustainable growth within iGaming affiliation. Recent regulatory developments in Casumba’s operating markets prompted the decision to exit these assets, effectively removing regulatory exposure while channeling capital toward Raketech’s primary iGaming affiliation platform, AffiliationCloud.

Based on Q2 2025 run rates, the Casumba assets delivered annualised revenues of approximately EUR 4.0 million with EBITDA of EUR 2.9 million.

Raketech will record a non-cash disposal loss of approximately EUR 10 million in Q3 2025, stemming primarily from the difference between the Casumba assets’ book value and the IFRS 9 fair value of the consideration. The disposal loss represents a one-time, non-recurring charge that will not affect Raketech’s cash flow or operational performance.

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The transaction was signed and closed on 24 September 2025.

This sale marks another step in refining our portfolio and concentrating on our core goal of creating the top commercial platform for iGaming affiliation

said Johan Svensson, CEO of Raketech. “By divesting Casumba, we eliminate regulatory exposure and unlock resources for growth opportunities. This transaction reflects our dedication to sustainable shareholder value and financial discipline.”

Source: Raketech

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Bartosz Hrydziuszko

Bartosz Hrydziuszko

Bartosz Michael brings over a decade of expertise to the iGaming industry, specializing in European gambling markets, regulatory compliance, and operator analysis. With 233 published articles covering everything from licensing developments to market expansions across jurisdictions including the UK, Malta, Sweden, and emerging European markets, Bartosz has established himself as a trusted voice for industry professionals seeking actionable insights. His deep understanding of cross-border gambling regulations, responsible gaming initiatives, and compliance frameworks makes his content essential reading for operators navigating the complex European regulatory landscape. Throughout his 10+ years in iGaming journalism, Bartosz has developed extensive relationships with regulatory bodies, gaming authorities, and industry stakeholders across Europe. His investigative approach to covering licensing disputes, regulatory reforms, and market entries has helped operators, suppliers, and legal professionals stay ahead of legislative changes. Whether analyzing MGA directives, UKGC consultations, or Curaçao licensing reforms, Bartosz delivers comprehensive coverage that bridges the gap between regulatory complexity and practical business application, making him an invaluable resource for compliance officers and gaming executives alike

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