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 statement that is short its website black diamond casino no deposit bonus codes 2017 that the liquidation arrived within the group’s work to modify its framework. OEG further remarked that the liquidation procedure will not impact its general activities that are economic.
The statement comes just days after it became understood black diamond casino mod apk that the casino operator will have to close a number of its video gaming venues into the historic center of Riga, the main city and city that is largest of Latvia. Under a newly introduced ban, all gambling halls in the region but few black diamond casino sign up situated in accommodations should be shuttered in just a five-year period.
OEG stated in a declaration that seven of its venues, those being slots casinos, is going to be closed because of this through the ban. It is still unknown when precisely the ban are going to be imposed, but the casino operator remarked that it will black diamond casino download never be before 2022 when its properties located in Riga’s historical center will have to close doors june.
Olympic Voodoo Casino, considered to be the operator’s flagship casino that is latvian will stay intact due to the fact prohibition doesn’t protect its location. OEG black diamond casino wonder woman stated that it will not expect any negative economic consequences to ensue from the ban. The organization owns 54 gambling enterprises and video gaming halls across Latvia. These generated income of &euro black diamond casino sign up bonus;66.2 million and operating revenue of €24.1 million in 2016.
OEG has recently posted its financial results for initial quarter of the season, reporting revenue before taxes of €51.5 million, up from €48.8 million through the same amount of 2016. Web revenue totaled €40.3 million, showing a rise through the amount of €37.6 million produced an earlier year.
By the end for the reported period, OEG operated 4,100 slot machines, 108 electronic roulette terminals, and 167 black diamond casino spokane video gaming tables in its properties across European countries. It is also essential to notice that it ran 120 gambling enterprises and 31 wagering points by the end of the 12 months’s very first quarter, down from 124 casinos and 33 gambling points through the exact same amount of 2016.
OEG presently runs in its home nation also black diamond casino affiliates in Latvia, Lithuania, Slovakia, https://real-money-casino.club/black-diamond-online-casino/ Italy, and Malta. The business exited Poland and Belarus this past year.
May happens to be an eventful thirty days for the Estonian operator in terms of its planned framework adjustment. The black diamond casino no deposit bonus 2017 organization announced the completion of this merger of its Italian subsidiaries Slottery S.r.l. and Jackpot Game S.r.l. Following casino black diamond a merger’s closing, OEG will now run its operations that are italian the Slottery brand.
In Lithuania, OEG demerged its UAB Orakulas subsidiary into UAB Orakulas and UAB Orakulas Services, thus isolating its technology platform and danger management tools from the activities that are operational.