Olympic Entertainment Group to purchase 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 goal of its latest acquisition is to boost its market share in Estonia.
After the deal is finished, OEG will handle an overall total of 24 gambling facilities in the united states. Currently, MC Kasiinod owns 4 slots gambling enterprises in Estonia and those function as much as 160 slot machines. A year ago, 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 money is really a bit more than €1 million. The involved events did perhaps not reveal the deal’s award.
The proposed acquisition has become subject to regulatory approval. The Estonian Competition Authority will need to provide the light that is green the sale to enable that it is finished in prompt manner. OEG stated that the 4 gambling enterprises that are to be obtained will have to be brought into conformity using the organization’s quality standards within a 12 months following the completion of the transaction. All four of them 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 purchase Rival AS MC Kasiinod”