Kindred Group completes the acquisition of Rank’s On line casino Blankenberge in Belgium
indred Group entered into an settlement on 29 October 2020 to accumulate 100% of the shares in Blancas NV from The Rank Group Plc. Blancas NV is the license holder and operator of Casino Blankenberge, which is likely one of the 9 land-based casinos working in Belgium. Blancas NV not too long ago efficiently renewed its on line casino licences with the Belgian Gaming Fee in addition to the concession settlement with town of Blankenberge for a 15-year interval which began in January 2021.
The acquisition will solidify Kindred’s long-term operations and commitments in Belgium and can enable Kindred to proceed to supply a horny providing to Belgian prospects. Blancas NV will probably be operated as a separate entity throughout the Kindred Group underneath the management of the present administration staff led by Dominique De Wilde.
The full acquistion value was GBP 25 million (USD 34,5M) on a money free and debt free foundation and has been settled in money.