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 media that the purpose of its latest purchase is to improve its market share in Estonia.
When the deal is finished, OEG will manage a complete 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 slots. A year ago, the gambling operator generated revenue that is overall of million and had about 65 individuals working during the 4 properties. The nominal value of like MC Kasiinod’s share money is a a bit more than €1 million. The involved events did perhaps not disclose the deal’s award.
The proposed acquisition has become susceptible to regulatory approval. The Estonian Competition Authority will have to give the green light to the purchase to ensure that it to be finished in timely way. OEG said that the 4 gambling enterprises which can be to be obtained will need to be brought into compliance with the organization’s quality criteria in just a after the completion of the transaction year. All four of those will then be rebranded as Olympic Casino.
Ahead of buying MC Kasiinod, OEG’s subsidiary Olympic Casino handled 20 casinos across Estonia. Those showcased 20 table games and 817 slot machines. […]