Kindred acquires Belgian casino brand in 25 GBP million deal

Kindred

Kindred has signed an agreement to acquire 100 percent of the shares in Blankenberge Casino-Kursaal (Blancas) NV, which operates Casino Blankeberge in Belgium.

The acquisition price is GBP 25 million on a cash-free and debt-free basis and will be settled in cash upon completion. The acquisition of Casino Blankeberge from The Rank Group Plc will strengthen Kindred's long - term operations and commitments in Belgium. The press release from Kindred said that it will enable Kindred to continue to offer an attractive and wide range of customers in Belgium.

It was also mentioned that Kindred has had a long-standing commercial partnership with Blancas NV, which dates back to 2012. Their A+ license will enable Kindred to offer online casinos, live casino and poker to Belgian customers under the Unibet brand. In accordance with the Belgian legal framework, an A+ license is required for online casino operations and the license can only be granted to licensed land-based casino operators.