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Olympic Black Diamond Casino Signup Bonus Entertainment Group Winds Up Belarusian Subsidiary

Olympic Entertainment Group Winds Up Belarusian Subsidiary

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

The business explained in a quick statement on its internet site that the liquidation arrived as part of the group’s work to modify its framework. OEG further remarked that the liquidation procedure will perhaps not affect its general economic activities.

The statement comes just days after it became known that the casino operator will have to close several of its gaming venues into black diamond casino net the historical center of Riga, the capital and largest city of Latvia. Under a newly introduced ban, all gambling halls in the region but few positioned in hotels will have to be shuttered inside a five-year duration.

OEG stated in a statement black diamond casino no deposit that seven of its venues, those slots that are being, are going to be closed because of this through the ban. It’s still unknown black diamond casino inc jupiter fl when precisely the ban are going to be imposed, but the casino operator noticed that it will not be before June 2022 when its properties situated in Riga’s historical center will have to close doors.

Olympic Voodoo Casino, considered to be the operator’s flagship Latvian casino, will remain intact due to the fact prohibition doesn’t protect its location. OEG said it will not expect any negative consequences that are financial ensue through the ban. The company owns 54 gambling black diamond casino games free black diamond casino guess the game november 2017 enterprises and video gaming halls across Latvia. These generated income of €66.2 million and running black diamond casino group revenue of €24.1 million in 2016.

OEG has recently posted its financial outcomes for the initial quarter of the season, reporting income before fees of €51.5 million, up from €48.8 million through the same amount of 2016. Net revenue totaled €40.3 million, reflecting a rise from the amount of €37.6 million created an earlier black diamond casino zynga cheats year.

At the end of the reported period, OEG operated 4,100 slot machines, 108 electronic roulette terminals, and 167 gaming tables in its properties across European countries. It is also important to note so it went 120 gambling enterprises and black diamond casino hack 31 wagering points by the conclusion of the 12 months’s first quarter, down from 124 gambling enterprises and 33 betting points during the period that is same of.

OEG presently runs in its home nation as well as in Latvia, Lithuania, Slovakia, Italy, and black diamond casino usa Malta. The business exited Poland and Belarus year that is last.

Might was an eventful thirty days for the Estonian operator with regards to its planned framework modification. The business announced the completion of this merger of its subsidiaries that are italian S.r.l. and Jackpot Game S.r.l. Following a merger’s closure, OEG will now run its Italian operations under the Slottery brand.

In Lithuania, OEG demerged its UAB Orakulas subsidiary into black diamond casino columbus ohio UAB Orakulas and UAB Orakulas solutions, hence isolating its technology platform and danger management tools from the activities that are operational.