Olympic Entertainment Group to purchase Rival AS MC Kasiinod
Estonia-headquartered casino operator Olympic Entertainment Group (OEG) announced today that its subsidiary Olympic Casino Eesti like will purchase Estonian gambling business AS MC Kasiinod, which also owns provider of casino bar services OÜ Oma & Hea. OEG told news that the goal of its latest acquisition is to improve its market share in Estonia.
When the transaction is completed, OEG will manage a total of 24 gambling facilities in the united states. Presently, MC Kasiinod owns 4 slots gambling enterprises in Estonia and those function as many as 160 slots. Last year, the gambling operator generated overall income of €3 million and had about 65 people working at the 4 properties. The nominal value of AS MC Kasiinod’s share money is really a a bit more than €1 million. The involved parties did perhaps not disclose the transaction’s prize.
The proposed acquisition happens to be at the mercy of approval that is regulatory. The Estonian Competition Authority will have to provide the light that is green the purchase in order for it to be completed in timely manner. OEG said that the 4 gambling enterprises which can be become obtained will have to be brought into conformity because of the business’s quality criteria in just a year after the conclusion associated with the transaction. All four of those shall then be rebranded as Olympic Casino.
Prior to MC that is buying Kasiinod OEG’s subsidiary Olympic Casino handled 20 casinos across Estonia. Read More