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Olympic Entertainment Group to purchase Rival AS MC Kasiinod

Estonia-headquartered casino operator Olympic Entertainment Group (OEG) announced today that its subsidiary Olympic Casino Eesti like will purchase Estonian gambling business AS MC Kasiinod, which also has provider of casino bar services OÜ Oma & Hea. OEG told news that the purpose of its latest acquisition is to boost its share of the market in Estonia.

After the transaction is finished, OEG will manage an overall 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 slot machines. A year ago, the gambling operator produced overall revenue of €3 million and had about 65 individuals working during the 4 properties. The value that is nominal of MC Kasiinod’s share money is a a bit more than €1 million. The parties that are involved not disclose the deal’s prize.

The proposed acquisition is currently at the mercy of regulatory approval. The Estonian Competition Authority will have to supply the green light to the purchase to ensure that that it is finished in prompt way. OEG said that the 4 casinos which can be to be acquired will need to be brought into conformity utilizing the business’s quality criteria within a 12 months after the conclusion for the deal. All four of those will then be rebranded as Olympic Casino.

Just before purchasing MC Kasiinod, OEG’s subsidiary Olympic Casino handled 20 casinos across Estonia. (more…)

Caesars Interactive Entertainment Launches NetEnt Casino Content

Swedish developer of online casino content and related solutions NetEnt established today that the first of the series of games has been launched into the online casino of Caesars Interactive Entertainment and is now available to gambling customers throughout the state of New Jersey.

Early in the day in 2010, NetEnt announced with a selection of its most popular gaming titles that it had signed an agreement with the online arm of gambling operator Caesars Entertainment Corp. to provide it. After it had received a transactional waiver by the latest Jersey Division of Gaming Enforcement and had finished the mandatory integration work, initial NetEnt game was launched on CaesarsCasino.com, considered to be certainly one of Caesars Interactive Entertainment’s most widely used online casinos available to New Jersey-based players. More games are anticipated to be released into the months to come.

Commenting in the announcement that is latest, NetEnt America LLC Managing Director Björn Krantz said that they’re excessively pleased and proud of the effective launch regarding the designer’s first item with all the online gambling supply of Caesars Entertainment. The executive further commented that they are all getting excited about expanding this partnership that is strategic. According to Mr. Krantz, NetEnt’s profile of product offering is welcomed and well-received by both Caesars Interactive Entertainment and its particular gambling clients. (more…)