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 news that the purpose of its latest acquisition is to increase its market share in Estonia.
When the transaction is finished, OEG will handle an overall total of 24 gambling facilities across the country. Presently, MC Kasiinod has 4 slots gambling enterprises in Estonia and those function as much as 160 slots. Last year, the gambling operator produced revenue that is overall of million and had about 65 people working at the 4 properties. The nominal value of like MC Kasiinod’s share money is a little more than €1 million. The involved events did maybe not disclose the transaction’s award.
The proposed acquisition happens to be at the mercy of approval that is regulatory. The Estonian Competition Authority will need to golden tiger casino francais provide the light that is green the purchase in order for that it is completed in timely manner. OEG stated that the 4 casinos which can be become acquired will need to be brought into conformity with all the company’s quality requirements within a 12 months after the conclusion of this transaction. All four of them will then be rebranded as Olympic Casino.
Just before purchasing MC Kasiinod, OEG’s subsidiary Olympic Casino handled 20 casinos across Estonia. Continue reading “Olympic Entertainment Group to Buy Rival AS MC Kasiinod”