Olympic Entertainment Group Winds Up Belarusian Subsidiary
Estonian gambling operator Olympic Entertainment Group (OEG) announced that it has finalized the liquidation of Olympic Casino Bel IP, known to be its Belarusian subsidiary today.
The business explained in a statement real-money-casino.club that is short its web black diamond casino mobile no deposit bonus codes site that the liquidation came included in the team’s work to regulate its framework. OEG further noticed that the liquidation process black diamond casino nd will not impact its general economic activities.
The announcement comes simply times after it became understood that the casino operator will need to close a number of its gaming venues within the historical center of Riga, the capital and city that is largest of Latvia. All gambling halls in the area but few located in hotels will have to be shuttered within a five-year period under a newly introduced ban.
OEG stated in a declaration that seven of its venues, those black diamond casino 100 slots that are being, are closed as a result from the ban. It is still unknown whenever exactly the ban black diamond casino wroughton is imposed, however the casino operator pointed out that it won’t be before 2022 when its properties located in Riga’s historical center will have to close doors june.
Olympic Voodoo Casino, known to be the operator’s flagship casino that is latvian will remain black diamond casino on facebook intact since the prohibition will not cover its location. OEG stated so it does not expect any negative consequences that are financial ensue through the ban. The business has 54 gambling enterprises and video gaming halls across Latvia. These generated revenue of €66.2 million and operating profit of €24.1 million in 2016.
OEG has recently posted play black diamond casino its financial outcomes for 1st quarter of the season, reporting revenue before fees of €51.5 million, up from €48.8 million throughout the exact same amount of 2016. Net income totaled €40.3 million, reflecting a growth through the number of €37.6 million generated a year earlier in the day.
At the end for the period that is reported OEG operated 4,100 slots, 108 electronic roulette terminals, and 167 video gaming tables in its properties across European black diamond casino no deposit codes countries. It is also important to note that it ran 120 gambling enterprises and 31 betting points by the end with this 12 months’s very first quarter, down from 124 gambling enterprises and 33 betting points throughout the exact same amount of 2016.
OEG currently operates black diamond casino billings in its house country along with in Latvia, Lithuania, Slovakia, Italy, and Malta. The business exited Poland and Belarus last year.
Might has been a month black diamond casino and saloon that is eventful the Estonian operator in terms of its planned structure adjustment. The organization announced the conclusion of this merger of its subsidiaries that are italian S.r.l. and Jackpot Game S.r.l. Following a merger’s closure, OEG will now run its operations that are italian the Slottery brand.
In Lithuania, OEG demerged its UAB Orakulas black diamond casino kokemuksia subsidiary into UAB Orakulas and UAB Orakulas solutions, thus splitting its technology platform and danger management tools from the functional activities.