Olympic Entertainment Group to Buy Rival AS MC Kasiinod

Olympic Entertainment Group to Buy 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 business AS MC Kasiinod, which also owns provider of casino bar services OÜ Oma & Hea. OEG told media that the goal of its latest purchase is to boost its share of the market in Estonia.

When the deal 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 much as 160 slots. This past year, the gambling operator generated 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 little more than €1 million. The involved events did not reveal the deal’s prize.

The proposed acquisition is currently at the mercy of regulatory approval. The Estonian Competition Authority will have to provide the green light to the sale in order for that it is completed in timely manner. OEG said that the 4 casinos which can be become obtained will need to be brought into compliance using the company’s quality standards within a 12 months following the conclusion regarding the deal. All four of these shall then be rebranded as Olympic Casino.

Just before MC that is buying Kasiinod OEG’s subsidiary Olympic Casino managed 20 gambling enterprises across Estonia. Those showcased 20 dining table games and 817 slot machines. Continue reading ”Olympic Entertainment Group to Buy Rival AS MC Kasiinod”

Mohegan Tribe to Finance Construction of Cowlitz Tribe Casino

Mohegan Tribe to Finance Construction of Cowlitz Tribe Casino

Cowlitz Indian Tribe officials announced that that they had reached an agreement with all the Mohegan Tribal Gaming Authority, underneath the regards to that your latter is always to fund the former’s project for the establishment of a $550-million casino resort on reservation land not definately not La Center, Washington.

Rober Soper, President and CEO regarding the Cowlitz Tribal Gaming Authority, said that they are extremely excited to truly have the presssing issue utilizing the construction financing closed. The official additionally explained that now the tribe plus the authority should be able to continue with all the development of the multi-million-dollar center, which is expected to turn into among the finest & most lucrative resorts into the Pacific Northwest.

The place will be built and rolled out in four phases. The first one includes the construction of a casino that is 67,000-square-foot food and drink, along with other exciting options. When fully finished, the resort and casino resort would feature a gaming area occupying an overall total of 152,000 square feet, as much as 424 hotel rooms, meals and beverage as well as retail options, a gasoline place, tribal administration offices, showrooms, and many more.

Construction work is planned to commence in 2016 and Phase among the project eurogrand casino roulette trick will be completed and launched sometime in 2017.

The Cowlitz Indian Tribe ended up being recognized in 2000. Continue reading ”Mohegan Tribe to Finance Construction of Cowlitz Tribe Casino”