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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, that also owns provider of casino bar solutions OÜ Oma & Hea. OEG told news that the purpose of its latest purchase is to increase its share of the market in Estonia.

Once the transaction is completed, OEG will manage a total of 24 gambling facilities across the country. Presently, MC Kasiinod owns 4 slots gambling enterprises in Estonia and those feature as much as 160 slot machines. A year ago, the gambling operator produced 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 capital is just a a bit more than €1 million. The involved events did perhaps not reveal the deal’s award.

The proposed acquisition is currently susceptible to regulatory approval. The Estonian Competition Authority will have to provide the light that is green the purchase to allow it to be finished in prompt manner. OEG stated that the 4 gambling enterprises being to be acquired will have to be brought into compliance with the organization’s quality requirements in just a 12 months after the conclusion of this deal. All four of those shall then be rebranded as Olympic Casino.

Prior to purchasing MC Kasiinod, OEG’s subsidiary Olympic Casino handled 20 casinos across Estonia. Continue reading Olympic Entertainment Group to get Rival AS MC Kasiinod