Eastern European Gambling operator Olympic Entertainment Group (OEG) has confirmed that it has agreed the purchase of Estonian casino and arcade operator AS MC Kasiinod (AS MC)
The undisclosed acquisition will see OEG take 100% ownership of AS MC assets and subsidiaries including Estonian gaming machine suppliers OÜ Oma & Hea.
OEG extends its leading presence within the Estonian market which will see it gain a further 4 ‘slot casinos’ with a total of 160 machines. OEG governance detailed that AS MC casino assets would be re-branded under the Olympic Casino name.
The full acquisition of AS MC will be dependent on gaining the authorisation from the Estonian Competition Authority.
Issuing a statement OEG detailed that the transaction of AS MC would be reviewed by NASDAQ OMX regulators as the acquisition would have no direct impact on its ongoing financial performance.
OEG governance and its supervisory board members of OEG are not personally interested in this transaction in any other way.