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, that also has provider of casino bar services OÜ Oma & Hea. OEG told media that the goal of its latest acquisition is to boost its share of the market in Estonia.
Once the deal is finished, OEG will handle an overall total of 24 gambling facilities in the united states. Presently, MC Kasiinod has 4 slots gambling enterprises in Estonia and those feature as much as 160 slots. Last year, the gambling operator produced general income of €3 million and had about 65 individuals working at the 4 properties. The value that is nominal of MC Kasiinod’s share money is a little more than €1 million. The involved parties did not reveal the deal’s prize.
The proposed acquisition has become subject to approval that is regulatory. The Estonian Competition Authority will have to give the light that is green the purchase to allow it to be completed in prompt manner. OEG said that the 4 casinos which can be to be obtained will need to be brought into conformity because of the organization’s quality standards in just a after the completion of the transaction year. All four of these will then be rebranded as Olympic Casino.
Prior to MC that is buying Kasiinod OEG’s subsidiary Olympic Casino handled 20 gambling enterprises across Estonia. Continue reading “Olympic Entertainment Group to get Rival AS MC Kasiinod”