Olympic Entertainment Group Winds Up Belarusian Subsidiary
Estonian gambling operator Olympic Entertainment Group (OEG) today announced so it has finalized black diamond casino sign up bonus the liquidation of Olympic Casino Bel internet protocol address, known to be its Belarusian subsidiary.
The organization explained in a statement that is short its website that the liquidation came included in the group’s work black diamond casino wonder woman to modify its framework. OEG further noticed that the liquidation procedure will maybe not influence its overall economic activities.
The announcement comes simply times after it became known that the casino operator will have to close several of its gaming venues within the historic center of Riga, the administrative centre and city that is largest of Latvia. Under a newly introduced black diamond casino spokane ban, all gambling halls in the region but few positioned in accommodations should be shuttered in just a five-year duration.
OEG stated in a declaration that seven of its venues, those being slots casinos, are closed because of this through the ban. It is still unknown when exactly the ban will likely be imposed, nevertheless the casino operator noticed that it will never be before June 2022 whenever black diamond casino no deposit bonus codes 2017 its properties located in Riga’s historical center will have to shut doors.
Olympic Voodoo Casino, considered to be the operator’s flagship casino that is latvian will remain black diamond casino affiliates intact because the prohibition will not protect its location. OEG stated that it will not expect any negative financial effects to ensue from the ban. The organization has 54 casinos and gaming halls across Latvia. These revenue that is created of million and running profit of €24.1 million in 2016.
OEG has recently black diamond casino download posted its financial outcomes for initial quarter of the year, reporting revenue before taxes of €51.5 million, up from €48.8 million throughout the same period of 2016. Net revenue totaled €40.3 million, showing a growth through the level of €37.6 million generated a year earlier in the day.
At the end of this reported black diamond casino mod apk period, OEG operated 4,100 slot machines, 108 electronic roulette terminals, and 167 video gaming tables in its properties across Europe. It’s also important to notice so it went 120 gambling enterprises and 31 gambling points by the conclusion of the 12 months’s very first quarter, down from 124 casinos and 33 wagering points throughout the period that is same of.
OEG presently runs in its home nation as well as in Latvia, Lithuania black diamond casino no deposit bonus 2017, Slovakia, Italy, and Malta. The company exited Poland and Belarus year that is last.
May was an eventful thirty days for the Estonian operator black diamond casino bonus codes black diamond casino sign up 2018 in relation to its planned framework modification. The company announced the completion of the merger of its Italian subsidiaries Slottery S.r.l. and Jackpot Game S.r.l. Following a merger’s closing, OEG will now run its Italian casino black diamond operations under the Slottery brand.
In Lithuania, OEG demerged its UAB Orakulas subsidiary into UAB Orakulas and UAB Orakulas solutions, thus isolating its technology platform and risk management tools from its activities that are operational.