Olympic Entertainment Group to purchase 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 objective of its latest purchase is to improve its share of the market in Estonia.
After the deal is finished, OEG will manage a total of 24 gambling facilities around the world. Currently, MC Kasiinod has 4 slots gambling enterprises in Estonia and those feature as many as 160 slots. Last year, the gambling operator generated general income of €3 million and had about 65 people working during the 4 properties. The value that is nominal of MC Kasiinod’s share money is really a bit more than €1 million. The involved events did maybe not disclose the transaction’s prize.
The proposed acquisition is currently susceptible to approval that is regulatory. The Estonian Competition Authority will have to supply the light that is green the sale in order for it to be completed in prompt manner. OEG stated that the 4 casinos that are to be obtained will have to be brought into compliance using the organization’s quality criteria within a year following the completion of this transaction. All four of those shall then be rebranded as Olympic Casino.
Just before buying MC Kasiinod, OEG’s subsidiary Olympic Casino managed 20 casinos across Estonia. (altro…)
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Ladbrokes Names John Kelly Chairman of Board Ahead of Coral Merger
UK-based wagering and video gaming operator Ladbrokes plc announced the appointment of John Kelly as Chairman of the company’s Board today. Mr. Kelly has brought the post straight away, after former Ladbrokes Chairman Peter Erskine stepped down through the place on 3 december.
The gambling company also https://gamblingrosecasino.co.uk/kitty-bingo-casino/ announced that Mark soreness is appointed as Non-Executive Director and Chairman of its Audit Committee.
Former Ladbrokes Chairman Peter Erskine made general public their motives to leave the Board May 7, 2015. Because of the shareholder that is overwhelmingly positive for the proposed £2.3-billion merger with competing operator Coral Group, Mr. Erskine left the Board formally, handing the role to his successor. Mr. Kelly will also be Chairman of this combined entity Ladbrokes Coral Plc, so long as the merger receives the necessary regulatory approval.
Commenting on their brand new post, Mr. Kelly stated which he considers it a good honor to be Chairman of the major gambling company, especially at such an crucial phase in its history. The state included which they will now proceed with the ‘aggressive organic plan’ introduced by CEO Jim Mullen and can work hard towards the completion for the proposed merger.
Mr. Kelly additionally didn’t miss to acknowledge his predecessor’s efforts to ‘steer the company via a much needed modernization’ and his help at the instances when the organization had been facing challenges that are major. (altro…)
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