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 internet protocol address, considered to be its Belarusian subsidiary black diamond casino bonus codes.

The business explained in a statement that is short its site that the liquidation came as part of the team’s work to regulate its framework. OEG further pointed out that the liquidation process will maybe not black diamond casino 25 affect its general financial activities.

The statement comes simply days after it became understood that the casino operator will have to close a number of its video gaming venues into the historical center of Riga, the main city and city that is largest of Latvia. All gambling halls in the black diamond casino chest keys 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, are going to be closed because of this through the ban. It’s still unknown when precisely the ban is imposed, but the casino operator remarked that it won’t be before June black diamond casino hotel 2022 whenever its properties situated in Riga’s historic center will have to close doorways.

Olympic Voodoo Casino, considered to be the operator’s flagship Latvian casino, will stay intact as the prohibition will not protect its location. OEG black diamond casino no internet connection said that it doesn’t expect any negative consequences that are financial ensue through the ban. The company has 54 casinos and gaming halls across Latvia. These generated revenue of €66.2 million and running profit of €24.1 million in 2016.

OEG has recently posted its financial outcomes for 1st quarter black diamond casino events cincinnati oh of the https://real-money-casino.club/black-diamond-online-casino/ season, reporting revenue before taxes of €51.5 million, up from €48.8 million throughout the same period of 2016. Net revenue black diamond casino tucson totaled €40.3 million, reflecting an increase from the amount of €37.6 million created a year earlier in the day.

At the end associated with the period that is reported OEG operated 4,100 slots, 108 electronic roulette terminals, and 167 video gaming tables in its properties across Europe. It is also important to see it went 120 casinos and 31 wagering points by the end with this year’s first quarter, down black diamond casino signup bonus from 124 gambling enterprises and 33 wagering points through the same period of 2016.

OEG presently runs in its home nation along with in Latvia, Lithuania, Slovakia, Italy, and Malta. The company exited Poland and Belarus year that is last.

May is an eventful thirty days for the Estonian operator in relation to its planned framework modification. The company announced the completion associated with black diamond casino bonus codes 2017 the merger of its Italian subsidiaries Slottery S.r.l. and Jackpot Game S.r.l. After the merger’s closure, 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 isolating black diamond casino no deposit bonus codes 2018 its technology platform and risk management tools from its operational activities.