Olympic Casino, a subsidiary of Olympic Entertainment Group has signed a preliminary purchase and sale contract for the acquisition of Ukrainian casino operator Eldorado.
With the transaction, which has been valued at approximately €9.2m, Olympic Casino aims to increase its market share in the Ukraine and enter the lucrative table games market.
As one of the Ukraine’s leading casino operators, Eldorado’s five slot casinos are all located in and around the centre of the country’s capital city, Kiev.
OEG entered the Ukrainian gaming market in November 2004. In three years, the company has invested more than €11.5m and today employs more than 200 people in the country.
