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, regarded as its Belarusian subsidiary.
The company explained in a statement that is short its website that the liquidation arrived black diamond casino and saloon as part of the group’s work to adjust its structure. OEG further noticed that the liquidation procedure will perhaps not affect its general financial tasks black diamond casino nd.
The statement comes just times after it became known that the casino operator will need to shut a number of its gaming venues within the historic center of Riga, the administrative centre and largest city of Latvia. All gambling halls in the area black diamond casino 100 but 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 slots that are being, are closed as a result through the ban. It’s still unknown when precisely the ban is going to be imposed, nevertheless the casino operator remarked that it will not black diamond casino on facebook be before 2022 when its properties located in Riga’s historical center will have to close doors june.
Olympic Voodoo Casino, considered to be the operator’s flagship casino that is latvian will play black diamond casino stay intact because the prohibition will not cover its location. OEG said that it doesn’t expect any negative consequences that are financial ensue through the ban. The business owns 54 gambling enterprises and video gaming halls across Latvia. These generated black diamond casino billings revenue of €66.2 million and operating revenue of €24.1 million in 2016.
OEG has recently posted its financial results for 1st quarter of the year, reporting income before fees of €51.5 million, up from €48.8 million during the exact same amount of 2016. Net income totaled €40.3 million, reflecting a rise through the quantity black diamond casino mobile no deposit bonus codes of €37.6 million produced a year earlier in the day.
At the end of this reported period, OEG operated 4,100 slot machines, 108 electronic roulette terminals, and 167 video gaming tables in its properties across Europe. Additionally it is crucial to note that it went 120 casinos and 31 wagering points by the end black diamond casino no deposit codes of the 12 months’s first quarter, down from 124 casinos and 33 gambling points throughout 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 month for the Estonian black diamond casino wroughton operator in terms of its planned framework modification. The organization announced the completion of this merger of its Italian subsidiaries Slottery S.r.l. and Jackpot Game S.r.l. Following 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 splitting its technology platform and danger management tools from the activities https://real-money-casino.club/black-diamond-online-casino/ that are operational black diamond casino kokemuksia.