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 news that the objective of its latest acquisition is to improve its market share in Estonia.
Once the deal is finished, OEG will handle a total of 24 gambling facilities across the country. Currently, MC Kasiinod has 4 slots casinos in Estonia and those function as many as 160 slots. Last year, the gambling operator generated revenue that is overall of million and had about 65 people working at the 4 properties. The nominal value of AS MC Kasiinod’s share money is just a a bit more than €1 million. The parties that are involved maybe not disclose the deal’s reward.
The proposed acquisition has become subject to approval that is regulatory. The Estonian Competition Authority will have to supply the light that is green the purchase to enable that it is finished in timely manner. OEG stated that the 4 casinos being become obtained will have to be brought into conformity with the company’s quality standards in just a year after the conclusion associated with deal. All four of these will then be rebranded as Olympic Casino.
Ahead of buying MC Kasiinod, OEG’s subsidiary Olympic Casino managed 20 casinos across Estonia. Those showcased 20 dining table games and 817 slot machines. Lire la suite