Olympic Entertainment Group to get Rival AS MC Kasiinod
Estonia-headquartered casino operator Olympic Entertainment Group (OEG) announced that its subsidiary Olympic Casino Eesti AS will purchase Estonian gambling company AS MC Kasiinod, which also owns provider of casino bar services OÜ Oma & Hea today. OEG told media that the goal of its latest acquisition is to improve its market share in Estonia.
When the deal is completed, OEG will manage an overall total of 24 gambling facilities around the world. Currently, MC Kasiinod has 4 slots gambling enterprises in Estonia and those feature as many as 160 slots. Last year, the gambling operator generated revenue that is overall of million and had about 65 people working during the 4 properties. The value that is nominal of MC Kasiinod’s share capital is a a bit more than €1 million. The involved parties did not reveal the deal’s reward.
The proposed acquisition is currently at the mercy of approval that is regulatory. The Estonian Competition Authority will need to give the green light to the sale to enable that it is completed in timely manner. OEG stated that the 4 casinos which are to be acquired will need to be brought into compliance aided by the business’s quality criteria in just a 12 months after the completion associated with transaction. All four of them shall then be rebranded as Olympic Casino.
Just before MC that is buying Kasiinod OEG’s subsidiary Olympic Casino handled 20 casinos across Estonia. Weiterlesen