Deal Snapshot
Kindred Group Closes Acquisition of Belgian Casino Operator Blancas NV
Wednesday 07 April 2021

Malta-based online gambling operator Kindred (STO: KIND-SDB) has closed the acquisition of 100% of the shares in Blankenberge Casino-Kursaal (Blancas) NV, which operates Casino Blankeberge in Belgium, from The Rank Group plc (LSE: RNK) at a valuation of GBP 25m (USD 34.56m) on a cash free and debt free basis, the company said.

The acquisition will solidify Kindred's long-term operations and commitments in Belgium and will allow Kindred to continue to offer an attractive broad offering to Belgian customers. Blancas NV is the license holder and operator of the Blankenberge casino, which is one of the nine land-based casinos operating in Belgium.

Date Published: 07/04/2021