Rank Group Completed The Sale Of Casino Blankenberge Kindred Group
British game operator the rank group completed casino deal blankenberge kindred group.
Kindred paid 25 million pounds in cash to purchase 100 percent of blankenberge casino-kursaal shares (blancas), a subsidiary of rank, which manages the belgian terrestrial casino and associated with her digital license.
Rank said it would use sales revenue to increase liquidity in the impact of the pandemic covid-19 at british business rank and to finance initiatives wort its program transformation 2.0.
Kindred, which manages sevel game brands, including unibet, started working with blancas in 2012 to gain access to the belgian online casino market, since belgian law requires online game operators to cooperate with ground casinos.
Rank bought casino blankenberge, one of the nine terrestrial casinos of belgium, back in 1998.
In 2017, the company completed other belgian operations when he left his company in middelkerka.
However, in 2018, he extened a casino consession with the city of blankenberg for another 15 years, starting from january of this year.