Announced
Completed
Financials
Tags
Completed
Casinos and Gambling
Cross Border
Belgium
Disposal
online gambling services
Majority
Single Bidder
Acquisition
Friendly
Private
Synopsis
Kindred Group, an online gambling operator, completed the acquisition of the Belgian casino business of The Rank Group, a gambling company based in the United Kingdom, for £25m. "Today's announcement of the sale of the Blankenberge casino secures the next chapter for a great venue in Belgium and a team that deliver an excellent customer experience to the local community. As a standalone casino, the business was non-core to Rank's international growth plans and the £25m sale proceeds supports the Group's liquidity and future growth initiatives," John O'Reilly, The Rank Group CEO.
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