Olympic Entertainment Group Winds Up Belarusian Subsidiary
Estonian gambling operator Olympic Entertainment Group (OEG) today announced so it has finalized the liquidation of Olympic Casino Bel IP, considered to be its Belarusian subsidiary.
The organization explained black diamond casino sign up bonus in a statement that is short its website that the liquidation arrived included in the group’s work to adjust its framework. OEG further pointed out that the liquidation procedure will maybe not influence its overall financial tasks.
The statement comes just days after it became understood that the casino operator will have to shut black diamond casino download a number of its gaming venues within the historic center of Riga, the capital and city that is largest of Latvia. All gambling halls in the area but few black diamond casino no deposit bonus codes 2017 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 casinos, will be closed because of this from the ban. It is still unknown whenever precisely the ban is going to be imposed, nevertheless the casino operator pointed out that it will not be before 2022 when its properties located in Riga’s historical center will have to close doors june.
Olympic Voodoo Casino black diamond casino wonder woman, considered to be the operator’s flagship casino that is latvian will remain intact since the prohibition doesn’t cover its location. OEG said that it will not expect any negative black diamond casino no deposit bonus 2017 consequences that are financial ensue through the ban. The company owns 54 gambling enterprises and gaming halls across Latvia. These generated income 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 black diamond casino mod apk income before taxes of €51.5 million, up from €48.8 million during the exact same amount of 2016. Net revenue totaled €40.3 million, reflecting a rise through the quantity of €37.6 million produced a year early in the day.
At the end black diamond casino sign up of the reported period, OEG operated 4,100 slots, 108 electronic roulette terminals, and 167 gaming tables in its properties across Europe. It’s also essential to notice that it ran 120 gambling enterprises and 31 wagering points by the finish https://real-money-casino.club/black-diamond-online-casino/ of the 12 months’s very first quarter, down from 124 gambling enterprises and 33 betting points during the period that is same of.
OEG black diamond casino spokane currently operates in its home country along with in Latvia, Lithuania, Slovakia, Italy, and Malta. The business exited Poland and Belarus year that is last.
Might has been an eventful thirty days for the Estonian operator in relation to its planned structure adjustment. The business announced the completion of the merger of its subsidiaries that are black diamond casino affiliates italian S.r.l. and Jackpot Game S.r.l. Following a 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 casino black diamond tools from the functional activities.