Advising MC Kasiinod on the sale of four casinos to Olympic Casino Eesti

04.12.2015 Advising MC Kasiinod on the sale of four casinos to Olympic Casino Eesti

The firm's corporate law team led by Partner Leonid Tolstov advised Estonian casino operator MC Kasiinod and its fully-owned subsidiary Oma & Hea (casino bar services provider) on the sale of four casinos to Olympic Casino Eesti, a company belonging to the Olympic Entertainment Group (OEG).

MC Kasiinod operating under Casino Monte Cristo trademark has 4 slot casinos in Estonia with a total of 160 slot machines. In 2014, the companies’ revenue was EUR 3 million and it employed 65 people. The nominal value of the share capital of AS MC Kasiinod is EUR 1,008,000.

www.montecristo.ee

The purpose of the acquisition is to increase the market share of OEG in Estonia. On the completion of the transaction OEG will own 24 casinos in Estonia.

www.olympic-casino.com

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