German Casino gets offer to sale

Leading German casino Super de Boer NV has multi million Euro worth of offer to sale from industry’s big player Jumbo Groep Holding. The deal is expected to be around 482 million Euro and it is really interesting to see such a kind of offer being made in the time of economic recovery. The analysts are supporting the offer and new management will run the business after merging it with its own casino business and it would create a very big company with two powers coming together. The deal looks good and is in good ratio to the business generated by the group. The shares were climbing very high for both the companies and it would be real good money for share holders. The flip side is operation staff will be retained and the administration departments may see cut in workforce. As It happens with any merger, the rules are same. Casino sale is good news to the industry and market.

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