Kindred acquires Blancas NV to strengthen Kindred’s broad offering in the Belgian market
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