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 IP, considered to be its Belarusian black diamond casino dublin ohio subsidiary.
The company explained in a short declaration on its internet site that the liquidation came as part of the group’s effort to modify its framework. OEG further remarked that the liquidation process black diamond casino slot will perhaps not affect its overall activities that are economic.
The announcement comes just times after it became understood that the casino operator will have to shut many of its gaming venues in the historic center of Riga, the main city and largest town of Latvia. All gambling halls in the area but black diamond casino cruise few located in hotels will have to be shuttered within a five-year period under a newly introduced ban.
OEG said in a statement that seven of its venues, those being slots casinos, will be closed as a result through the ban. It’s still unknown when exactly the ban will likely be imposed, nevertheless the casino operator noticed that it won’t be before 2022 when its properties located in Riga’s historical center will black diamond casino support have to close doors june.
Olympic Voodoo Casino, regarded as the black diamond casino gambleroad operator’s flagship casino that is latvian will stay intact since the prohibition doesn’t cover its location. OEG stated it does not expect any negative consequences that are financial ensue through the ban. The company has 54 gambling enterprises and gaming halls across Latvia. These revenue that is generated of million and operating revenue of €24.1 million in 2016.
OEG has recently posted its monetary results for the first quarter of the year, reporting revenue before fees of €51.5 million, up from €48.8 million during black diamond casino guess the game october 2017 the exact same amount of 2016. Web revenue totaled €40.3 million, reflecting a growth from the quantity of €37.6 million produced an earlier black diamond casino free spins year.
At the end for the reported period, OEG operated 4,100 slot machines, 108 electronic roulette terminals, and 167 video gaming tables in its properties across Europe black diamond casino free play. It’s also important to notice it ran 120 gambling enterprises and 31 gambling points by the conclusion with this 12 months’s first quarter, down from 124 casinos and 33 wagering points throughout the exact same period of 2016.
OEG currently runs in its home country along with in Latvia, Lithuania, Slovakia, Italy, and Malta. The business black diamond casino billings mt exited Poland and Belarus year that is last.
Might has been a month that is eventful the Estonian operator in terms of its planned framework adjustment. The business announced the completion of this merger of its Italian subsidiaries Slottery S.r.l. and Jackpot Game S.r.l. Following 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 solutions, thus splitting its technology platform and risk management tools from the functional tasks https black diamond casino games free://real-money-casino.club/black-diamond-online-casino/.