Supplier News
Estonia – Olympic buys Estonian rival
By Phil - 18 February 2016
After receiving approval from the Estonian Competition Authority, OEG has completed the acquisition of Estonian casino operator AS MC Kasiinod, which is also owns OÜ Oma & Hea, which provides casino bar services.
The acquisition has increased the market share of OEG in the Estonian gambling sector. As a result of the completion of the transaction OEG now owns 24 casinos in Estonia.
MC Kasiinod has four slot casinos in Estonia and a total of 160 slot machines. In 2014, revenue was €3m and employed 65 people. The nominal value of the share capital of AS MC Kasiinod is €1,008,000.
The acquired casinos will be brought into compliance with the quality standards of OEG within one year, after which they will be rebranded as Olympic Casino.
Before acquiring MC Kasiinod and its subsidiary Oma & Hea, Olympic Casino had 20 casinos in Estonia with 817 slot machines and 20 gaming tables. In 2014, the Estonian casino entity of OEG had revenue of approximately €32m and employed 446 people.
