Olympic Entertainment Group Winds Up Belarusian Subsidiary
Estonian gambling operator Olympic Entertainment Group (OEG) today announced so it has black diamond casino sign up finalized the liquidation of Olympic Casino Bel internet protocol address, known to be its Belarusian subsidiary.
The company explained in a statement that is short its site that the liquidation arrived as part of the group’s work to regulate its structure. OEG further remarked that the liquidation black diamond casino mod apk process will not impact its general activities that are economic.
The announcement comes simply days after it became understood that the casino operator will have to close a number of its gaming venues within the historical center of Riga, the black diamond casino download capital and city that is largest of Latvia. Under a newly introduced ban, all gambling halls in the area but few situated in hotels must be shuttered within a five-year period.
OEG stated in a declaration that seven of its venues, those slots that are being, will be closed as a result from the ban. It’s still unknown when precisely the ban will be imposed black diamond casino spokane, but the casino operator remarked that it will never be before June 2022 whenever its properties located in Riga’s historical center will need to close doors.
Olympic Voodoo Casino, considered to be the operator’s flagship casino that is latvian will remain intact due to the fact prohibition will not protect its location. OEG said that it will not expect any black diamond casino sign up bonus negative financial consequences to ensue through the ban. The business has 54 casinos black diamond casino no deposit bonus codes 2017 and gaming halls across Latvia. These generated income of €66.2 million and running revenue of €24.1 million in 2016.
OEG has recently posted its monetary outcomes for the first quarter of the season, reporting income before fees of €51.5 million, up from €48.8 million during the same period of 2016. Net income totaled €40.3 million black diamond casino affiliates, showing a growth through the quantity of €37.6 million generated an earlier year.
By the end associated with period that is reported OEG operated 4,100 slots, 108 electronic roulette terminals, and 167 video gaming tables in its properties across European countries. It is also important to note that it went 120 casinos and 31 wagering points by the end with black diamond casino wonder woman this 12 months’s first quarter, down from 124 casinos and 33 wagering points during the exact same amount of 2016.
OEG currently runs in its home nation also in Latvia, Lithuania, Slovakia, Italy, and Malta. The organization exited Poland and Belarus a year black diamond casino no deposit bonus 2017 ago.
May was an eventful thirty days for the Estonian operator in terms of its planned structure modification. The company announced the conclusion regarding the merger of its subsidiaries that are italian S.r.l. and Jackpot Game S.r.l. Following a merger’s closing, OEG will now run its operations that are casino black diamond italian the Slottery brand.
In Lithuania, OEG demerged its UAB Orakulas subsidiary into UAB Orakulas and UAB Orakulas solutions, hence isolating its technology platform and risk management tools from the activities that are operational.