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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 like will purchase Estonian gambling business AS MC Kasiinod, that also owns provider of casino bar solutions OÜ Oma & Hea. OEG told news that the purpose of its latest acquisition is to boost its market share in Estonia.

Once the deal is completed, OEG will handle a total of 24 gambling facilities around the world. Presently, MC Kasiinod owns 4 slots casinos in Estonia and those feature as many as 160 slot machines. A year ago, the gambling operator created general income of €3 million and had about 65 people working during the 4 properties. The value that is nominal of MC Kasiinod's share money is just a bit more than €1 million. The parties that are involved maybe not reveal the transaction's reward.

The proposed acquisition has become at the mercy of approval that is regulatory. The Estonian Competition Authority will need to give the light that is green the sale to enable it to be finished in prompt way. OEG said that the 4 gambling enterprises which can be to be acquired will have to be brought into compliance aided by the business's quality requirements inside a 12 months after the conclusion for the deal. All four of them shall then be rebranded as Olympic Casino.

Just before purchasing MC Kasiinod, OEG's subsidiary Olympic Casino handled 20 casinos across Estonia. (mais…)

By admin, ago
starspins bingo

Olympic Entertainment Group to get Rival AS MC Kasiinod

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

After the deal is finished, OEG will handle a total of 24 gambling facilities around the world. Currently, MC Kasiinod has 4 slots gambling enterprises in Estonia and those feature as many as 160 slots. Last year, the gambling operator generated overall income of €3 million and had about 65 individuals working during the 4 properties. The value that is nominal of MC Kasiinod's share capital is really a little more than €1 million. The involved parties did maybe not disclose the transaction's award.

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The proposed acquisition is currently subject to approval that is regulatory. The Estonian Competition Authority will have to supply the green light to the sale in order for that it is finished in prompt manner. OEG stated that the 4 casinos that are to be acquired will need to be brought into conformity aided by the business's quality criteria inside a after the completion of the transaction year. All four of them shall then be rebranded as Olympic Casino.

Ahead of purchasing MC Kasiinod, OEG's subsidiary Olympic Casino handled 20 gambling enterprises across Estonia. (mais…)

By admin, ago
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