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 company explained in a brief declaration black diamond casino 25 on its website that the liquidation came within the team’s work to modify its framework. OEG further pointed out that the liquidation black diamond casino tucson procedure will maybe not influence its overall activities that are economic.
The statement comes simply days after it became known that the casino operator will have to close many of its video gaming venues into 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 statement that seven black diamond casino chest keys of its venues, those slots that are being, will likely be closed because of this from the ban. It’s still unknown whenever black diamond casino no internet connection exactly the ban will likely be imposed, nevertheless the black diamond casino billings casino operator pointed out that it will never be before June 2022 whenever its properties based in Riga’s historical center will have to close doorways.
Olympic Voodoo Casino, considered to be the operator’s flagship Latvian casino, will remain intact while the prohibition does not cover its location. OEG said it doesn’t expect any negative consequences that are black diamond casino hotel financial ensue through the ban. The organization owns 54 casinos and gaming halls across Latvia. These generated income of €66.2 million and running profit of €24.1 million in 2016.
OEG has recently posted its monetary results for 1st quarter black diamond casino bonus codes 2017 of the season, reporting revenue before taxes of €51.5 million, up from €48.8 million through the same amount of 2016. Net income totaled €40.3 million, showing an increase through the amount of €37.6 million generated a year earlier.
At the conclusion for the period that is reported OEG operated 4,100 slots, 108 electronic roulette terminals black diamond casino events cincinnati oh, and 167 gaming tables in its properties across Europe. It is also essential to notice so it went 120 gambling enterprises and 31 wagering points by the conclusion of this year’s very first quarter black diamond casino signup bonus, down from 124 casinos and 33 gambling points throughout the period that is same of.
OEG currently operates in its house country also in Latvia, Lithuania, Slovakia, Italy, and Malta. The organization exited Poland and Belarus this past year.
May happens to be an eventful month for the Estonian operator in terms black diamond casino bonus codes of its planned structure modification. The company announced the completion for the merger of its Italian subsidiaries Slottery S.r.l. and Jackpot Game S.r.l. Following black diamond casino no deposit bonus codes 2018 merger’s closure, OEG will now run its Italian operations under the Slottery brand.
In Lithuania, OEG demerged its UAB Orakulas subsidiary into UAB Orakulas and UAB Orakulas Services, hence breaking up its technology platform and danger management tools from the operational activities.