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 AS will purchase Estonian gambling company AS MC Kasiinod, which also owns provider of casino bar services OÜ Oma & Hea. OEG told media that the objective 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. Presently, MC Kasiinod has 4 slots gambling enterprises in Estonia and those feature as much as 160 slots. A year ago, the gambling operator generated revenue that is overall of million and had about 65 individuals working at the 4 properties. The value that is nominal of MC Kasiinod’s share capital is just a bit more than €1 million. The involved events did not reveal the deal’s prize.
The proposed acquisition is now susceptible to regulatory approval. The Estonian Competition Authority will have to supply the green light to the purchase to allow it to be finished in prompt manner. OEG stated that the 4 casinos which are become acquired will need to be brought into compliance with all the business’s quality criteria inside a after the completion of the transaction year. All four of those shall then be rebranded as Olympic Casino.
Ahead of buying MC Kasiinod, OEG’s subsidiary Olympic Casino managed 20 casinos across Estonia. Those featured 20 dining table games and 817 slot machines. Continue reading “Olympic Entertainment Group to purchase Rival AS MC Kasiinod”