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 media that the goal of its latest purchase is to boost its market share in Estonia.
After the deal is completed, OEG will handle an overall total of 24 gambling facilities around casino-bonus-free-money.com the world. Currently, MC Kasiinod owns 4 slots casinos in Estonia and those function as many as 160 slot machines. Last year, the gambling operator created revenue that is overall of million and had about 65 people working during the 4 properties. The value that is nominal of MC Kasiinod’s share money is a little more than €1 million. The involved events did perhaps not disclose the transaction’s reward.
The proposed acquisition has become susceptible to regulatory approval. The Estonian Competition Authority will need to give the light that is green the purchase to enable that it is completed in timely way. OEG said that the 4 gambling enterprises which are become acquired will have to be brought into compliance using the company’s quality criteria within a after the completion of the transaction year. All four of these will then be rebranded as Olympic Casino.
Ahead of buying MC Kasiinod, OEG’s subsidiary Olympic Casino managed 20 gambling enterprises across Estonia. Those showcased 20 table games and 817 slots. (more…)