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 news that the purpose of its latest purchase is to improve its market share in Estonia.
Once the transaction is finished, OEG will handle a total of 24 gambling facilities across the country. Currently, MC Kasiinod owns 4 slots gambling enterprises in Estonia and those feature as many as 160 slots. Last year, the gambling operator produced revenue that is overall of million and had about 65 individuals working during the 4 properties. The nominal value of AS MC Kasiinod’s share capital no deposit 50 free spins is really a bit more than €1 million. The involved events did perhaps not disclose the transaction’s award.
The proposed acquisition is currently at the mercy of approval that is regulatory. The Estonian Competition Authority will have to provide the green light to the sale in order for that it is finished in prompt way. OEG stated that the 4 gambling enterprises which are become obtained will have to be brought into compliance with all the organization’s quality criteria within a 12 months following the conclusion associated with deal. All four of those shall then be rebranded as Olympic Casino.
Prior to purchasing MC Kasiinod, OEG’s subsidiary Olympic Casino handled 20 casinos across Estonia. Olympic Entertainment Group to get Rival AS MC Kasiinod weiterlesen