{"id":263,"date":"2024-06-27T15:16:45","date_gmt":"2024-06-27T12:16:45","guid":{"rendered":"https:\/\/luckycharmssweepstakescasinonodepositbonus.icu\/2024\/06\/27\/rank-group-sells-belgian-casino-to-kindred-group\/"},"modified":"2024-06-27T15:16:45","modified_gmt":"2024-06-27T12:16:45","slug":"rank-group-sells-belgian-casino-to-kindred-group","status":"publish","type":"post","link":"https:\/\/luckycharmssweepstakescasinonodepositbonus.icu\/2024\/06\/27\/rank-group-sells-belgian-casino-to-kindred-group\/","title":{"rendered":"Rank Group Sells Belgian Casino to Kindred Group"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/B9HHxp-7lEM\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>The Rank Group has finalized the transfer of its gambling establishment and related digital permits in Blankenberge, Belgium, to the Kindred Group.<\/p>\n<p>The agreement was declared last fall, with the terms outlining that Kindred would acquire all of the shares in Blancas, Rank&#8217;s subsidiary that manages the casino. As per the agreement, Kindred acquired the enterprise for \u00a325 million (\u20ac29.3 million\/$34.5 million) in cash, free of any outstanding debts. Rank stated that the funds from the sale will bolster its financial flexibility and upcoming endeavors as part of its &#8220;Transformation 2.0&#8221; strategy.<\/p>\n<p>Kindred has been collaborating with Blancas since 2012, when the nation&#8217;s online gambling regulations mandated that online gambling operators have a physical partner to provide online casino, live dealer games, and poker. The Blankenberge casino is one of nine land-based venues in Belgium, and has been under Rank&#8217;s ownership since 1998. The concession agreement signed with the city of Blankenberge was renewed in 2018, with a new 15-year operating license becoming effective this January.<\/p>\n<p>The transfer confirms Rank&#8217;s withdrawal from the Belgian casino market, following the company&#8217;s closure of its operations in Middelkerke in 2017. <\/p>\n<p>Become a part of the online gaming world and receive the most recent news and information! <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Rank Group has finalized the transfer of its gambling establishment and related digital permits in Blankenberge, Belgium, to the Kindred Group. The agreement was declared last fall, with the&hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v22.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Rank Group Sells Belgian Casino to Kindred<\/title>\n<meta name=\"description\" content=\"The Rank Group has sold its Blankenberge casino to Kindred Group for \u00a325 million. 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