Olympic Entertainment Group to Buy 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 purpose of its latest purchase is to increase its market share in Estonia.
After the deal is finished, OEG will manage a complete of 24 gambling facilities around the world. Presently, MC Kasiinod owns 4 slots gambling enterprises in Estonia and those feature as much as 160 slots. A year ago, the gambling operator produced revenue that is overall of million and had about 65 people working during the 4 properties. The nominal betvictor customer service value of like MC Kasiinod’s share capital is a bit more than €1 million. The involved events did perhaps not disclose the transaction’s prize.
The proposed acquisition happens to be subject to approval that is regulatory. The Estonian Competition Authority will have to provide the light that is green the sale to allow it to be completed in timely manner. OEG stated that the 4 gambling enterprises which are to be acquired will need to be brought into conformity utilizing the business’s quality standards in just a 12 months following the completion of this deal. All four of those will then be rebranded as Olympic Casino.
Just before MC that is buying Kasiinod OEG’s subsidiary Olympic Casino managed 20 gambling enterprises across Estonia. Continue reading Olympic Entertainment Group to Buy Rival AS MC Kasiinod