Olympic Entertainment Group to get Rival AS MC Kasiinod

Olympic Entertainment Group to get Rival AS MC Kasiinod

Estonia-headquartered casino operator Olympic Entertainment Group (OEG) announced today that its subsidiary Olympic Casino Eesti AS will purchase Estonian gambling company AS MC Kasiinod, which also owns provider of casino bar solutions OÜ Oma & Hea. OEG told media that the purpose of its latest acquisition is to improve its share of the market in Estonia.

Once the transaction is finished, OEG will handle a total of 24 gambling facilities around the world. Currently, MC Kasiinod has 4 slots casinos in Estonia and those feature as many as 160 slot machines. Last year, the gambling operator produced revenue that is overall of million and had about 65 individuals working during the 4 properties. The value that is nominal of MC Kasiinod’s share capital is a bit more than €1 million. The involved parties did perhaps not disclose the deal’s reward.

The proposed acquisition is currently at the mercy of regulatory approval. The Estonian Competition Authority will have to provide the green light to the purchase to enable it to be completed in prompt manner. OEG said that the 4 gambling enterprises which can be to be acquired will have to be brought into compliance with the business’s quality criteria within a year after the completion of this deal. All four of those will then be rebranded as Olympic Casino.

Ahead of MC that is buying Kasiinod OEG’s subsidiary Olympic Casino managed 20 gambling enterprises across Estonia. „Olympic Entertainment Group to get Rival AS MC Kasiinod“ weiterlesen