The online gaming firm said the deal, which included a revenue share arrangement, would see Alchemy launch the Casonic brand in the Scandinavian market on its gaming platform, Grizzly, before the end of the year.
The deal is with River Game Operations, a subsidiary of River iGaming, and marks an extension of Gaming Realms’ relationship with the Norwegian firm after 70% of its Real Money Casino brands were purchased by iGaming’s British subsidiary River UK Casino earlier in the year for around £23.1mln.
Following the sale, Gaming Realms now has a 30% stake in River UK.
Patrick Southon, chief executive of Gaming Realms, said the deal marked a “significant milestone” for the group as it was the first time its platform would service a market outside of the UK.
In mid-morning trading, Gaming Realms shares were steady around 5.3p.
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