Olympic Entertainment Black Diamond Casino No Internet Connection Group Winds Up Belarusian Subsidiary

Olympic Entertainment Group Winds Up Belarusian Subsidiary

Estonian gambling operator Olympic Entertainment Group (OEG) today announced that it has finalized the liquidation of Olympic Casino Bel internet protocol address, regarded as its Belarusian subsidiary black diamond casino signup bonus.

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The organization explained in a short declaration on its web site that the liquidation came included in the group’s effort to adjust its framework. OEG further remarked that the liquidation process black diamond casino tucson will maybe not influence its overall financial activities.

The statement comes just times after it became known that the casino operator will need to close several of its video gaming venues within the historical center of Riga black diamond casino chest keys, the capital and city that is largest 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 said in a declaration that seven of its venues, those being slots black diamond casino 25 casinos, are closed as a result through the ban. It’s still unknown when precisely the ban are going to be imposed, however the casino operator pointed out that it will never be before June 2022 when its properties based in Riga’s historic center will need to close doors.

Olympic Voodoo Casino, known to be the operator’s flagship casino that is latvian black diamond casino events cincinnati oh will continue to be intact as the prohibition doesn’t protect its location. OEG said that it doesn’t expect any negative consequences that are financial ensue through the ban. The business owns 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 black diamond casino no internet connection has recently posted its financial outcomes for 1st quarter of the season, reporting revenue before taxes of €51.5 million, up from €48.8 million throughout the same period of 2016. Web income totaled €40.3 million, reflecting a rise from the quantity of €37.6 million generated an earlier year.

By the end black diamond casino bonus codes regarding the reported period, OEG operated 4,100 slots, 108 electronic roulette terminals, and 167 gaming tables in its properties across European countries. It’s also important to note it went 120 gambling enterprises and 31 wagering black diamond casino bonus codes 2017 points by the end of this year’s very first quarter, down from 124 casinos and 33 wagering points through the period that is same of.

OEG currently runs in its home nation along with in Latvia, Lithuania, Slovakia black diamond casino hotel, Italy, and Malta. The company exited Poland and Belarus a year ago.

Might is a month that is eventful the Estonian operator in relation to its planned structure modification. The organization announced the conclusion for the 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 Italian operations under the Slottery brand.

In Lithuania, OEG demerged its UAB Orakulas subsidiary into UAB black diamond casino no deposit bonus codes 2018 Orakulas and UAB Orakulas Services, thus breaking up its technology platform and risk management tools from the activities that are operational.

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