M&A Deal Summary

Kindred Group Acquires Casino Blankenberge

On October 29, 2020, Kindred Group acquired gaming company Casino Blankenberge from Rank Group for 25M GBP

Acquisition Highlights
  • This is Kindred Group’s 2nd transaction in the Gaming sector.
  • This is Kindred Group’s 3rd largest (disclosed) transaction.
  • This is Kindred Group’s 1st transaction in Belgium.

M&A Deal Summary
Date 2020-10-29
Target Casino Blankenberge
Sector Gaming
Buyer(s) Kindred Group
Sellers(s) Rank Group
Deal Type Divestiture
Deal Value 25M GBP

Target

Casino Blankenberge

Blankenberge, Belgium
Casino Blankenberge is an operator of a casino, which is one of the nine land-based casinos. In addition to the cozy games room, the building also offers space for three rooms for theater performances, exhibitions, and expos. Casino Blankenberge is based in Blankenberge, Belgium.

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Buyer(S) 1

Buyer

Kindred Group

Sliema , Malta
Category Company
Founded 1997
Sector Gaming
Employees2,323
Revenue 1.2B GBP (2023)
DESCRIPTION

Kindred Group is an online gambling company, that offers products such as online casinos, online poker, online bingo, sports betting, soft games, scratch cards, and live betting. Kindred Group was founded in 1997 and is based in Sliema, Malta.

DEAL STATS #
Overall 5 of 6
Sector (Gaming) 2 of 3
Type (Divestiture) 2 of 2
Country (Belgium) 1 of 1
Year (2020) 1 of 1
Size (of disclosed) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-23 32Red

Gibraltar

32Red is an online casino that gives you all the thrills you could possibly want from gaming online. Most of the customers are based in the UK, and play a wide range of casino games at 32Red.com, including roulette, blackjack, baccarat, craps and poker. Poker is offered via our partnership with the Prima Poker Network, where over 500,000 players compete in ring games and tournaments. 32Red was founded in 2002 and is based in Gibraltar.

Buy £176M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-02 Relax Gaming

St. Julian's, Malta

Relax Gaming is a B2B iGaming software supplier that designs and develops online casino games, supported by an open distribution platform for third-party aggregation as well as proprietary poker and bingo products. Relax Gaming was founded in 2010 and is based in St. Julian's, Malta.

Buy €320M

Seller(S) 1

SELLER

Rank Group

Maidenhead, United Kingdom
Category Company
Founded 1937
Sector Gaming
Employees7,300
Revenue 682M GBP (2023)
DESCRIPTION

Rank Group is a provider of gaming and betting services in the United Kingdom, Spain, Belgium, and Malta. Rank Group was founded in 1937 and is based in Maidenhead, England.

DEAL STATS #
Overall 3 of 3
Sector (Gaming) 1 of 1
Type (Divestiture) 2 of 2
Country (Belgium) 1 of 1
Year (2020) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-04 Stride Gaming

London, United Kingdom

Stride Gaming is an online gaming operator in both the Bingo-led and social gaming market, using its proprietary and purchased software to provide online bingo and related gaming and social activities to players. Stride Gaming only operates in regulated markets. The Group operates a multi-branded strategy which includes the online bingo brands Kitty Bingo, Lucky Pants Bingo, Bingo Extra, Jackpot Café, Jackpot Liner, King Jackpot, together with online casino and slots brands Spin, Magical Vegas, Big Top Casino and Slots Bonanza. Stride Gaming was founded in 2012 and is based in London, the United Kingdom.

Buy £115M
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