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”