Olympic Entertainment Group Winds Up Belarusian Subsidiary
Estonian gambling operator Olympic Entertainment Group (OEG) today announced so it has finalized the liquidation of Olympic Casino Bel IP, regarded as its Belarusian subsidiary.
The black diamond casino reviews company explained in a short statement on its web site that the liquidation arrived within the group’s work to modify its structure. OEG further noticed that the liquidation process will perhaps not affect its overall activities that are economic.
The statement comes just times black diamond casino coupons after it became understood that the casino operator will need to close many of its gaming venues within the historical center of Riga, the black diamond casino free chips main city and largest city of Latvia. Under a newly introduced ban, all gambling halls in your community but few based in accommodations will have to be shuttered in just a five-year duration.
OEG said in a statement that seven of its venues, those being slots casinos, will likely be closed as a result through the ban. It is still unknown whenever precisely the ban will likely 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 install black diamond casino have to close doors june.
Olympic black diamond casino app Voodoo Casino, regarded as the operator’s flagship Latvian casino, will remain intact once the prohibition doesn’t protect its location. OEG said it doesn’t expect any negative monetary consequences to ensue through the ban. The business owns 54 casinos and gaming halls across Latvia. These revenue that is generated slots black diamond casino of million and running profit of €24.1 million in 2016.
OEG has recently posted its financial results for the initial quarter of the year, reporting income before taxes of €51.5 million, up from €48.8 million during the same period of 2016. Web revenue totaled €40.3 million, reflecting a rise through the quantity of €37.6 million produced an earlier year.
At the conclusion black diamond casino bonus codes 2018 associated with period that is reported OEG operated 4,100 slots, 108 electronic roulette terminals, and 167 video gaming tables in its properties across European countries. Additionally it is essential black diamond casino guess the game to notice it ran 120 gambling enterprises and 31 betting points by the conclusion with this 12 https://real-money-casino.club/black-diamond-online-casino/ months’s first quarter, down from 124 casinos and 33 betting points throughout the exact same amount of 2016.
OEG currently runs in its house nation along with in Latvia, Lithuania, Slovakia, Italy, and Malta. The company exited Poland and Belarus this past year.
Might has been an eventful thirty days for the Estonian operator in terms of its planned structure adjustment black diamond casino codes. The company announced the conclusion for the merger of its subsidiaries that are italian S.r.l. and black diamond casino codes 2017 Jackpot Game S.r.l. Following a merger’s closing, 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 solutions, hence isolating its technology platform and risk management tools from the operational tasks.
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