Olympic Entertainment Group Winds Up Belarusian Subsidiary
Estonian gambling operator Olympic Entertainment black diamond casino phone number Group (OEG) announced that it has finalized the liquidation of Olympic Casino Bel IP, known to be its Belarusian subsidiary today.
The company explained in a short statement on its site that the liquidation arrived within the group’s work to adjust its framework. OEG further pointed out that the liquidation procedure will maybe not impact its overall activities that are economic.
The statement comes simply times after it became known that the casino operator will need to shut a number of its gaming black diamond casino cripple creek colorado venues into the historical center of Riga, the capital and largest city of Latvia. All gambling halls in the area but few located black diamond casino forum in hotels will have to be shuttered within a five-year period under a newly introduced ban.
OEG stated in a declaration that seven of its venues, those slots that are being, is going to be closed as a result from the black diamond casino music ban. It is still unknown whenever precisely the ban are going to be imposed, however the casino operator pointed out that it will not be before June 2022 whenever its properties located in Riga’s historical center will need to close doorways.
Olympic Voodoo Casino, regarded as the operator’s flagship casino that is latvian will remain intact due to the fact prohibition does not cover its location. OEG stated it does not expect any negative economic effects to ensue from the ban black diamond casino west palm beach. The company owns 54 gambling enterprises and gaming halls across Latvia. These revenue that is generated of million and operating profit of €24.1 million in 2016.
OEG black diamond casino rising tide has recently posted its monetary outcomes for 1st quarter of the year, reporting revenue before fees of €51.5 million, up from €48.8 million through the same amount of 2016. Net revenue totaled €40.3 million, showing a growth through the number of €37.6 million generated a year previously.
At the end associated with the reported period, OEG operated 4,100 slot machines, 108 black diamond casino not working electronic roulette terminals, and 167 video gaming tables in its properties across Europe. It’s also important to see that black diamond casino gmbh it ran 120 gambling enterprises and 31 betting points https://real-money-casino.club/black-diamond-online-casino/ by the end with this year’s very first quarter, down from 124 gambling enterprises and 33 wagering points through the exact same amount of 2016.
OEG currently runs in its house country also in Latvia black diamond casino contact number, Lithuania, Slovakia, Italy, and Malta. The company exited Poland and Belarus this past year.
May is an eventful month for the Estonian operator in terms of its planned framework modification. The organization announced the completion associated with the merger of its Italian subsidiaries Slottery S.r.l. and Jackpot Game S.r.l. Following the merger black diamond casino riviera beach’s closing, 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, thus separating its technology platform and danger management tools from its activities that are operational.