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

When the deal is finished, OEG will manage a complete of 24 gambling facilities around the world. Presently, MC Kasiinod has 4 slots casinos in Estonia and those feature as many as 160 slot machines. A year ago, the gambling operator generated general income of €3 million and had about 65 individuals working at the 4 properties. The value that is nominal of MC Kasiinod’s share capital is really a bit more than €1 million. The involved parties did perhaps not reveal the deal’s award.

The proposed acquisition happens to be susceptible to approval that is regulatory. The Estonian Competition Authority will need to supply the green light to the sale in order for that it is finished in prompt way. OEG stated that the 4 gambling enterprises that are become acquired will have to be brought into compliance aided by the organization’s quality criteria inside a after the completion of the transaction year. All four of these will then be rebranded as Olympic Casino.

Prior to MC that is buying Kasiinod OEG’s subsidiary Olympic Casino managed 20 gambling enterprises across Estonia. Continue reading Olympic Entertainment Group to Buy Rival AS MC Kasiinod