• Domestic and international
    acquisitions at Ardent Group
Case study:

Domestic and international acquisitions at Ardent Group

06 februari 2019

After the acquisition of 10 Magic Dice gaming rooms in Flanders in 2017, Liège-headquartered gaming company Ardent Group (formerly Circus Group) acquired (through its subsidiary Casino de Spa) part of the Casino of Davos (Switzerland) in early 2018.

BDO Corporate Finance successfully assisted Ardent Group and Casino de Spa during the two acquisition processes.

In late 2018, Ardent Group operated 7 casinos, 29 gaming rooms, 17 online gaming platforms and 2 sporting bets spaces. With its more than 800 staff, Ardent Group is also active in the Peruvian, French, Portuguese, Serbian, Colombian and Spanish gaming markets, as well as in media and real estate.

While the acquisition of the 10 Magic Dice gaming rooms currently helps the expansion of the offline activities of the group in Flanders, the acquisition of part of the Casino of Davos will mainly boost the development of the online activities in the coming years.

For more information on Mergers and Acquisitions, please contact Johan Hatert.