Olympic Entertainment Group Winds black diamond casino west palm beach Up Belarusian Subsidiary

Estonian gambling operator Olympic Entertainment Group (OEG) announced that it has finalized the liquidation of Olympic Casino Bel IP, known to be its Belarusian subsidiary today.

The organization explained in a brief declaration on its site that the liquidation came within the group’s effort to adjust its structure. OEG further noticed that the liquidation process will not impact its overall activities that are economic.

The announcement comes just days after it became understood that the casino operator will have black diamond casino rising tide to shut many of its gaming venues in the historical center of Riga, the capital and largest city of Latvia. Under a newly introduced ban, all gambling halls in your community black diamond casino music but few located in accommodations will have to be shuttered within a five-year duration.

OEG said in a declaration that seven of its venues, those being slots casinos, are closed because of this black diamond casino gmbh from the ban. It’s still unknown whenever precisely the ban is going to be imposed, but the casino operator remarked that it will not be before June 2022 when its properties based in Riga’s historic center will need to shut doors.

Olympic Voodoo Casino, regarded as the operator’s flagship casino that is latvian will continue to be intact due to the fact prohibition will not protect its location. OEG said it will not expect any negative economic consequences to ensue black diamond casino forum from the ban. The organization has 54 casinos and video gaming halls across Latvia. These generated income of €66.2 million and operating revenue of €24.1 million in 2016.

OEG has recently posted its monetary results for the very first quarter of the year, reporting black diamond casino not working revenue before fees of €51.5 million, up from €48.8 million through the exact same amount of 2016. Web income totaled €40.3 million, showing an increase through the quantity of &euro black diamond casino contact number;37.6 million produced a year earlier in the day.

At the end regarding the period that is reported OEG operated 4,100 slots, 108 electronic roulette terminals, and 167 gaming tables in its properties across European countries. It’s also important to notice it went 120 gambling enterprises and black diamond casino phone number 31 gambling points by the end with this year’s first quarter, down from 124 gambling enterprises and 33 wagering points throughout the period that is same of.

OEG currently runs in its home country black diamond casino wroughton along with in Latvia, Lithuania, Slovakia, Italy, and Malta. The organization exited Poland and Belarus last year.

May has been an eventful thirty days for black diamond casino cripple creek colorado the Estonian operator in relation to its planned framework modification. The organization announced the completion regarding 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 black diamond casino riviera beach subsidiary into UAB Orakulas and UAB Orakulas solutions, hence breaking up its technology platform and risk management tools from the functional activities.