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 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 media that the goal of its latest acquisition is to boost its share of the market in Estonia.

After the deal is finished, OEG will manage a total of 24 gambling facilities across the country. Presently, MC Kasiinod has 4 slots gambling enterprises in Estonia and those feature as many as 160 slots. Last year, the gambling operator created general income of €3 million and had about 65 people working during the 4 properties. The nominal value of AS MC Kasiinod’s share capital is just a bit more than €1 million. The involved parties did perhaps not disclose the deal’s reward.

The proposed acquisition has become at the mercy of approval that is regulatory. The Estonian Competition Authority will need to give the green light to the sale to allow that it is completed in timely way. OEG said that the 4 casinos which are become obtained will need to be brought into compliance using the company’s quality criteria in just a after the completion of the transaction year. All four of those shall then be rebranded as Olympic Casino.

Prior to buying MC Kasiinod, OEG’s subsidiary Olympic Casino managed 20 casinos across Estonia. Those featured 20 table games and 817 slots. […]