Kindred acquires Blancas NV to strengthen Kindred´s broad offering in the Belgian market
⏱ 2 min read
(London and Stockholn).- Kindred has signed an agreement to acquire 100 per cent of the shares in Blankenberge Casino-Kursaal (Blancas) NV, which operates Casino Blankeberge in Belgium, from The Rank Group Plc. at a valuation of GBP 25 million on a cash free and debt free basis. The acquisition will solidify Kindred's long-term operations and commitments in Belgium and will allow Kindred to continue to offer an attractive broad offering to Belgian customers.
Blancas NV is the license holder and operator of the Blankenberge casino, which is one of the nine land-based casinos operating in Belgium. The company is owned by The Rank Group Plc since 1998 and generated revenues of approximately EUR 10 million in the last twelve months leading up to June 2020, with an operating profit of approximately EUR 3 million. Blancas NV has recently successfully renewed its concession agreement with the city of Blankenberge and the new 15-year concession will start in January 2021.
The acquisition price is GBP 25 million on a cash free and debt free basis and will be settled in cash upon completion.
Kindred has had a long-term commercial partnership with Blancas NV, which dates back to 2012, concerning their "A+ license" that allows Kindred to offer online casino, 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 awarded to licensed land-based casino operators.
The acquisition demonstrates Kindred's long-term commitment towards the Belgian market and gives Kindred direct access to one of the nine casino licenses, which allows Kindred to continue to offer a broad offering to its 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 Dominique De Wilde.
The acquisition is subject to customary regulatory approvals and is expected to be completed in the fourth quarter 2020.
This disclosure contains information that Kindred Group is required to disclose under the EU Market Abuse Regulation (EU nr 596/2014). The information was submitted for publication, through the agency of the contact person, on 29-10-2020 08:00 CET.
Categoría:Casino
Tags: Sin tags
País: United Kingdom
Event
PERU GAMING SHOW – PGS 2026
17 de June 2026
ProntoPaga Consolidates Its Position at Peru Gaming Show 2026
(Lima, SoloAzar Exclusive).- Juan Carlos Loza, Head of Sales Latam at ProntoPaga, spoke exclusively after the company's participation in Peru Gaming Show 2026, highlighting the agreements reached, the interest in their payment solutions, and the expansion plans that will drive their growth across Latin America.
Monday 03 Aug 2026 / 12:00
Enhancing Responsible Gaming Through Effective Training at PGS 2026
(Lima, SoloAzar Exclusive) – Training, prevention, and technology took center stage at the "Value of Responsible Gaming in Gambling Operations" conference during the 2026 Perú Gaming Show (PGS). Presented by Fernando Calderón Castro, President of the National Gaming Society (SONAJA), the session brought industry leaders together to tackle current challenges and explore strategies for safer, more transparent, and sustainable operations.
Wednesday 22 Jul 2026 / 12:00
LSports at the Peru Gaming Show: Building Presence, Opening Doors
(Lima, SoloAzar Exclusive).- The Peru Gaming Show was never just about the booth. For LSports, it was about showing up in a market where showing up still matters — and leaving with more than a contact list. Federico Brancato, Sales Manager for the LATAM Region, came to Lima with a clear sense of what operators in this part of Latin America need most right now. What he found confirmed it.
Friday 17 Jul 2026 / 12:00
SUSCRIBIRSE
Para suscribirse a nuestro newsletter, complete sus datos
Reciba todo el contenido más reciente en su correo electrónico varias veces al mes.
