Olympic Entertainment Group Winds Up Belarusian Subsidiary
Estonian gambling operator Olympic Entertainment Group (OEG) announced that it has finalized the liquidation of Olympic Casino black diamond casino no deposit bonus 2017 Bel IP, known to be its Belarusian subsidiary today.
The business explained in a brief statement on its site that the liquidation came as part of the team’s effort to modify its framework. OEG further remarked that the liquidation process will perhaps not impact its general activities that are economic.
The statement comes just days after it became understood that the casino black diamond casino no deposit bonus codes 2017 operator will have to shut several of its video gaming venues into the historic center of Riga, the main city and largest city of Latvia. All gambling halls in the area but few located in hotels will have to be shuttered within a five-year period under a newly introduced ban.
OEG stated black diamond casino spokane in a declaration that seven of its venues, those slots that are being, will likely be closed because of this from the ban. It’s still unknown whenever precisely the ban are imposed, however the casino operator pointed out that it will never be before 2022 when its properties black diamond casino mod apk located in Riga’s historical center will have to close doors june.
Olympic Voodoo Casino, regarded as the operator’s flagship black diamond casino sign up bonus Latvian casino, will continue to be intact because the prohibition doesn’t protect its location. OEG stated it does not expect any negative consequences that are financial ensue through https://real-money-casino.club/black-diamond-online-casino/ the ban. The company owns 54 casinos and video gaming halls across Latvia. These generated income of €66.2 million and running revenue of €24.1 million in 2016 black diamond casino download.
OEG has recently posted its financial results for the very first quarter of the season, reporting revenue before taxes of €51.5 million, up from €48.8 million through the same period of 2016 black diamond casino wonder woman. Net income totaled €40.3 million, reflecting a growth from the quantity of €37.6 million produced an earlier year.
By the end regarding the period that is reported OEG operated 4,100 slot machines, 108 electronic roulette terminals, and 167 gaming tables in its properties across European countries. It’s also crucial to see that it went 120 casinos and 31 gambling points by the end with this 12 months’s first quarter, down from 124 gambling enterprises and 33 gambling black diamond casino affiliates points throughout the period that is same of.
OEG currently runs in its house country along with in Latvia, Lithuania, Slovakia, Italy, and Malta. The business exited Poland and Belarus year that is last.
May happens to be a month that is eventful the Estonian operator in terms of its planned structure adjustment. The organization announced the completion black diamond casino sign up of this merger of its subsidiaries that are italian 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, hence splitting its technology platform and risk casino black diamond management tools from the functional activities.