{"id":469925,"date":"2021-04-01T11:45:50","date_gmt":"2021-04-01T15:45:50","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=469925"},"modified":"2021-04-01T11:45:50","modified_gmt":"2021-04-01T15:45:50","slug":"kindred-group-completes-the-acquisition-of-blancas-nv","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/kindred-group-completes-the-acquisition-of-blancas-nv\/","title":{"rendered":"Kindred Group completes the acquisition of Blancas NV"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"xn-location\">VALLETTA, Malta<\/span>, <span class=\"xn-chron\">April 1, 2021<\/span> \/PRNewswire\/ &#8212; <b>Kindred Group has on <span class=\"xn-chron\">1 April 2021<\/span> completed the previously announced acquisition of 100% of the shares in Blankenberge Casino-Kursaal (Blancas) NV, which operates Casino Blankeberge in <span class=\"xn-location\">Belgium<\/span>, from the Rank Group Plc. <\/b><\/p>\n<p>Kindred Group entered into an agreement on <span class=\"xn-chron\">29 October 2020<\/span> to acquire 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 one of the nine land-based casinos operating in <span class=\"xn-location\">Belgium<\/span>. Blancas NV recently successfully renewed its casino licences with the Belgian Gaming Commission as well as the concession agreement with the city of Blankenberge for a 15-year period which started in <span class=\"xn-chron\">January 2021<\/span>.<\/p>\n<p>The acquisition will solidify Kindred&#8217;s long-term operations and commitments in <span class=\"xn-location\">Belgium<\/span> and will allow Kindred to continue to offer an attractive offering to Belgian customers. Blancas NV will be operated as a separate entity within the Kindred Group under the leadership of the current management team led by <span class=\"xn-person\">Dominique De Wilde<\/span>.<\/p>\n<p>The total acquistion price was <span class=\"xn-money\">GBP 25 million<\/span> on a cash free and debt free basis and has been settled in cash. <\/p>\n<p>See also the previous press release regarding the Blancas NV acquistion:<br \/><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3116984-1&amp;h=1950334274&amp;u=https%3A%2F%2Fwww.kindredgroup.com%2Fmedia%2Fpress-releases%2F2020%2Fkindred-acquires-blancas-nv-to-strengthen-kindreds-broad-offering-in-the-belgian-market%2F&amp;a=https%3A%2F%2Fwww.kindredgroup.com%2Fmedia%2Fpress-releases%2F2020%2Fkindred-acquires-blancas-nv-to-strengthen-kindreds-broad-offering-in-the-belgian-market%2F\" rel=\"nofollow noopener noreferrer\">https:\/\/www.kindredgroup.com\/media\/press-releases\/2020\/kindred-acquires-blancas-nv-to-strengthen-kindreds-broad-offering-in-the-belgian-market\/<\/a><\/p>\n<p>\n        <i>This disclosure contains information that Kindred Group is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596\/2014). The information was submitted for publication, through the agency of the contact person, on <span class=\"xn-chron\">01-04-2021<\/span><span class=\"xn-chron\">17:30 CET<\/span>.<\/i>\n      <\/p>\n<p>\n        <b>For more\u00a0information:<\/b><br \/>\n        \n      <\/p>\n<p>\n        <span class=\"xn-person\">Patrick Kortman<\/span>, Head of Corporate Development &amp; Investor Relations, +46 723 877 438, <a target=\"_blank\" href=\"mailto:IR@kindredgroup.com\" rel=\"nofollow noopener noreferrer\">IR@kindredgroup.com<\/a><\/p>\n<p>\n        <b>About Kindred Group<\/b>\n      <\/p>\n<p>Kindred Group is one of the world&#8217;s leading online gambling operators with business across <span class=\"xn-location\">Europe<\/span>, US and <span class=\"xn-location\">Australia<\/span>, offering over 30 million customers across 9 brands a great form of entertainment in a safe, fair and sustainable environment. The company, which employs about 1,600 people, is listed on Nasdaq Stockholm Large Cap and is a member of the European Gaming and Betting Association (EGBA) and founding member of IBIA (International Betting Integrity Association). Kindred Group is audited and certified by eCOGRA for compliance with the 2014 EU Recommendation on Consumer Protection and Responsible Gambling (2014\/478\/EU). Read more on <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3116984-1&amp;h=3452802234&amp;u=http%3A%2F%2Fwww.kindredgroup.com%2F&amp;a=www.kindredgroup.com\" rel=\"nofollow noopener noreferrer\">www.kindredgroup.com<\/a>. <\/p>\n<p>This information was brought to you by Cision <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3116984-1&amp;h=1583059902&amp;u=http%3A%2F%2Fnews.cision.com%2F&amp;a=http%3A%2F%2Fnews.cision.com\" rel=\"nofollow noopener noreferrer\">http:\/\/news.cision.com<\/a><\/p>\n<p>\n        <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3116984-1&amp;h=4043950868&amp;u=https%3A%2F%2Fnews.cision.com%2Fkindred-group%2Fr%2Fkindred-group-completes-the-acquisition-of-blancas-nv%2Cc3319055&amp;a=https%3A%2F%2Fnews.cision.com%2Fkindred-group%2Fr%2Fkindred-group-completes-the-acquisition-of-blancas-nv%2Cc3319055\" rel=\"nofollow noopener noreferrer\">https:\/\/news.cision.com\/kindred-group\/r\/kindred-group-completes-the-acquisition-of-blancas-nv,c3319055<\/a>\n      <\/p>\n<p>The following files are available for download:<\/p>\n<div>\n<table cellspacing=\"0\" cellpadding=\"0\" border=\"0\" class=\"prnsbt1 prnsbr1 prnsbb1 prnsbl1\">\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3116984-1&amp;h=1649874566&amp;u=https%3A%2F%2Fmb.cision.com%2FMain%2F824%2F3319055%2F1396534.pdf&amp;a=https%3A%2F%2Fmb.cision.com%2FMain%2F824%2F3319055%2F1396534.pdf\" class=\"prnews_a\" rel=\"nofollow noopener noreferrer\">https:\/\/mb.cision.com\/Main\/824\/3319055\/1396534.pdf<\/a><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Release<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=IO30160&amp;sd=2021-04-01\" \/> View original content:<a id=\"PRNURL\" rel=\"nofollow\" href=\"http:\/\/www.prnewswire.com\/news-releases\/kindred-group-completes-the-acquisition-of-blancas-nv-301260859.html\">http:\/\/www.prnewswire.com\/news-releases\/kindred-group-completes-the-acquisition-of-blancas-nv-301260859.html<\/a><\/p>\n<p>SOURCE  Kindred Group<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=IO30160&amp;Transmission_Id=202104011142PR_NEWS_USPR_____IO30160&amp;DateId=20210401\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire VALLETTA, Malta, April 1, 2021 \/PRNewswire\/ &#8212; Kindred Group has on 1 April 2021 completed the previously announced acquisition of 100% of the shares in Blankenberge Casino-Kursaal (Blancas) NV, which operates Casino Blankeberge in Belgium, from the Rank Group Plc. Kindred Group entered into an agreement on 29 October 2020 to acquire 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 one of the nine land-based casinos operating in Belgium. Blancas NV recently successfully renewed its casino licences with the Belgian Gaming Commission as well as the concession agreement with the city of Blankenberge for a 15-year period which started in January &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/kindred-group-completes-the-acquisition-of-blancas-nv\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Kindred Group completes the acquisition of Blancas NV&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-469925","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Kindred Group completes the acquisition of Blancas NV - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/kindred-group-completes-the-acquisition-of-blancas-nv\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Kindred Group completes the acquisition of Blancas NV - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire VALLETTA, Malta, April 1, 2021 \/PRNewswire\/ &#8212; Kindred Group has on 1 April 2021 completed the previously announced acquisition of 100% of the shares in Blankenberge Casino-Kursaal (Blancas) NV, which operates Casino Blankeberge in Belgium, from the Rank Group Plc. Kindred Group entered into an agreement on 29 October 2020 to acquire 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 one of the nine land-based casinos operating in Belgium. Blancas NV recently successfully renewed its casino licences with the Belgian Gaming Commission as well as the concession agreement with the city of Blankenberge for a 15-year period which started in January &hellip; Continue reading &quot;Kindred Group completes the acquisition of Blancas NV&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/kindred-group-completes-the-acquisition-of-blancas-nv\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-04-01T15:45:50+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=IO30160&amp;sd=2021-04-01\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/kindred-group-completes-the-acquisition-of-blancas-nv\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/kindred-group-completes-the-acquisition-of-blancas-nv\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Kindred Group completes the acquisition of Blancas NV\",\"datePublished\":\"2021-04-01T15:45:50+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/kindred-group-completes-the-acquisition-of-blancas-nv\\\/\"},\"wordCount\":410,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/kindred-group-completes-the-acquisition-of-blancas-nv\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/c212.net\\\/c\\\/img\\\/favicon.png?sn=IO30160&amp;sd=2021-04-01\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/kindred-group-completes-the-acquisition-of-blancas-nv\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/kindred-group-completes-the-acquisition-of-blancas-nv\\\/\",\"name\":\"Kindred Group completes the acquisition of Blancas NV - 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Kindred Group entered into an agreement on 29 October 2020 to acquire 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 one of the nine land-based casinos operating in Belgium. Blancas NV recently successfully renewed its casino licences with the Belgian Gaming Commission as well as the concession agreement with the city of Blankenberge for a 15-year period which started in January &hellip; Continue reading \"Kindred Group completes the acquisition of Blancas NV\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/kindred-group-completes-the-acquisition-of-blancas-nv\/","og_site_name":"Market Newsdesk","article_published_time":"2021-04-01T15:45:50+00:00","og_image":[{"url":"https:\/\/c212.net\/c\/img\/favicon.png?sn=IO30160&amp;sd=2021-04-01","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/kindred-group-completes-the-acquisition-of-blancas-nv\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/kindred-group-completes-the-acquisition-of-blancas-nv\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Kindred Group completes the acquisition of Blancas NV","datePublished":"2021-04-01T15:45:50+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/kindred-group-completes-the-acquisition-of-blancas-nv\/"},"wordCount":410,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/kindred-group-completes-the-acquisition-of-blancas-nv\/#primaryimage"},"thumbnailUrl":"https:\/\/c212.net\/c\/img\/favicon.png?sn=IO30160&amp;sd=2021-04-01","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/kindred-group-completes-the-acquisition-of-blancas-nv\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/kindred-group-completes-the-acquisition-of-blancas-nv\/","name":"Kindred Group completes the acquisition of Blancas NV - 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