Nevada Gaming Holding LLC Acquires Majority Stake in Ukraine’s Leading Online Gambling Platform, Cosmolot
A Strategic Investment Set to Reshape Ukraine’s Gaming Industry and Accelerate Economic Recovery
Kyiv and Las Vegas, October 31, 2024 – Nevada Gaming Holding LLC, a prominent U.S.-based investment manager specializing in pre-IPO opportunities in the gaming and entertainment sector, this week announced the acquisition of a majority stake in Cosmolot, Ukraine’s pioneering and largest online gambling platform. Owned by Spacesiks LLC, Cosmolot became the first company to receive a Ukrainian gambling license in February 2021, marking a historic step forward in the nation’s gaming industry.
This acquisition is a pivotal move by Nevada Gaming Holding LLC to expand its global portfolio, simultaneously affirming its commitment to supporting Ukraine’s economy through foreign direct investment during a critical period. Initial discussions for this acquisition began in Munich in February 2024, and today, this strategic partnership stands finalized.
“Since the onset of conflict, I’ve supported Ukraine on multiple fronts. With Cosmolot, we aim to make a meaningful, structured impact,” remarked Arnulf Damerau, President & CEO of Nevada Gaming Holding LLC. “We recognized not only Cosmolot’s potential as Ukraine’s foremost gaming platform but also an opportunity to strengthen the country’s economy and contribute to its rebuilding process.”
As the cornerstone of Ukraine’s legalized gambling industry, Cosmolot has made significant contributions to the economy. In 2023 alone, it ranked among the nation’s top taxpayers, contributing over UAH 3.5 billion (approx. US$85 million). Following Nevada Gaming Holding’s acquisition, the company plans to leverage Cosmolot’s innovative technology and market leadership to expand into major gaming markets across the United States, Europe, and beyond. Nevada Gaming Holding will actively pursue regulatory licenses in jurisdictions including Germany, the United Kingdom, France, and several U.S. states.
A Transformational Investment for Ukraine’s Gambling Sector
Through this acquisition, Nevada Gaming Holding LLC aims to elevate Cosmolot’s operations to a world-class standard, focusing on compliance, responsible gaming practices, and sustainable growth. With ongoing support from top-tier global auditing and legal firms, the company will uphold the highest regulatory standards, setting a benchmark for Ukraine’s gaming industry. This approach will also allow Nevada Gaming Holding to scale Cosmolot’s operations globally, enhancing Ukraine’s visibility as a viable market for foreign investment.
“Finalizing this acquisition was a crucial step in our strategy to foster resilience in the gaming sector while advancing Ukraine’s economic recovery,” Damerau added. “This investment underlines our faith in Ukraine’s market potential and our commitment to expanding Cosmolot’s reach to international audiences.”
About Nevada Gaming Holding LLC
Nevada Gaming Holding LLC is a U.S.-based investment company specializing in high-value pre-IPO opportunities within the entertainment and gaming sectors. With a portfolio focused on acquiring and revitalizing gaming businesses, Nevada Gaming Holding navigates complex regulatory environments, enhancing profitability and operational sustainability for its investments.
About Cosmolot (Spacesiks LLC)
Cosmolot, Ukraine’s first licensed online gambling platform, emphasizes safe gaming and responsible corporate practices. With its extensive selection of games and partnerships with over 50 gaming providers, Cosmolot contributes significantly to Ukraine’s economy and is dedicated to advancing social projects, including Ukraine’s largest defense technology accelerator, BraveInventors.
About Arnulf Damerau
Arnulf Damerau is a globally active entrepreneur and philanthropist who started his first company at age 16, later transforming it into the Family Office EuroAtlantic Group. His most notable investment was a multimillion-dollar pre-IPO investment in Crowdstrike, the world’s leading cybersecurity firm. Together with Luxembourg-based family office LVS Hotels & Resorts SA, focusing on hospitality investments, he decided to invest in Nevada Gaming Holding LLC. Arnulf Damerau donated significant funds that we used by Braveinventors for 50+ Punisher Drones (UAdynamics.com).
Arnulf Damerau is advised by Dentons.