Olympic Entertainment Group Winds Up Belarusian Subsidiary

Estonian gambling operator Olympic Entertainment Group (OEG) today announced it has finalized the liquidation of Olympic Casino Bel internet protocol address, considered to be its Belarusian subsidiary.

The business black diamond casino billings mt explained in a short statement on its web site that the liquidation arrived within the team’s work to regulate its structure. OEG further pointed out that the liquidation procedure will not influence its general financial activities.

The announcement comes simply days after it became understood that the casino operator black diamond casino slot will need to shut many of its video gaming venues into the historical center of Riga black diamond casino support, the capital and biggest city 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 being slots casinos, is going to be closed as a result through the ban. It’s still unknown whenever precisely the ban are going to be imposed, but 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 black diamond casino free play june.

Olympic Voodoo Casino, known to be the operator’s flagship Latvian casino, will stay intact while the prohibition does not cover its location. OEG stated it does not expect any negative monetary black diamond casino dublin ohio consequences to ensue from the ban. The business has 54 gambling enterprises and video gaming halls across Latvia. These revenue that is generated of million and running revenue of €24.1 million in 2016.

OEG has recently posted its financial outcomes for initial quarter of the year, reporting income before fees of €51.5 million, up from €48.8 million throughout the exact same black diamond casino free spins amount of 2016. Web income totaled €40.3 million, showing a rise from the amount of €37.6 million created a year previously.

By the black diamond casino guess the game october 2017 end of this period that is reported OEG operated 4,100 slots, 108 electronic roulette terminals, and 167 gaming tables in its properties across European countries. It is also important to notice so it ran 120 casinos and 31 betting points by the conclusion with this year’s first quarter, down from 124 gambling enterprises and 33 wagering points throughout the period that is same of.

OEG currently operates in its home black diamond casino gambleroad country along with in Latvia black diamond casino bonus code, Lithuania, Slovakia, Italy, and Malta. The company exited Poland and Belarus year that is last.

Might happens to be an eventful month for the Estonian operator with regards to its planned structure modification. The company announced the completion black diamond casino cruise for the merger of its Italian subsidiaries Slottery S.r.l. and Jackpot Game S.r.l. After the 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, hence separating its technology platform and danger management tools from black diamond casino games free its operational activities.