Olympic Black Diamond Casino Mobile Entertainment Group Winds Up Belarusian Subsidiary
Olympic black diamond casino 100 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 IP, regarded as its Belarusian subsidiary.
The company explained in a statement that is short its site that the liquidation arrived within the team’s effort to adjust its framework. OEG further pointed out that the liquidation process will not affect its overall economic tasks.
The statement comes just days after it became known that the casino operator black diamond casino on facebook will have to shut a number of its gaming venues within the historical center of Riga, the black diamond casino billings main city and biggest city of Latvia. Under a newly introduced ban, all gambling halls in the region but few based in hotels will have to be shuttered in just a five-year duration.
OEG said in a declaration that seven of its venues, those slots that are being, is closed as a result from the ban. It is still unknown when exactly the ban are imposed, nevertheless the casino operator pointed out that it will never be before June 2022 whenever its properties situated in Riga’s historical center will have to shut doors.
Olympic black diamond casino mobile no deposit bonus codes Voodoo black diamond casino wroughton Casino, known to be the operator’s flagship Latvian casino, will continue to be intact due to the fact prohibition does not cover its location. OEG stated so it does not expect any negative economic effects to ensue from the ban. The company has 54 casinos and gaming halls across Latvia. These generated revenue play black diamond casino of €66.2 million and operating profit of €24.1 million in 2016.
OEG has recently posted its financial results for initial quarter of the year, reporting revenue before fees of €51.5 million, up from €48.8 million during the exact same amount of 2016. Net income totaled €40.3 million, reflecting a growth through the quantity of €37.6 million generated an earlier year.
By the end of this period that is reported OEG operated 4,100 slots black diamond casino and saloon, 108 electronic roulette terminals, and 167 video gaming tables in its properties across European countries. It is also essential to see so it went 120 casinos and 31 betting points by the finish of the 12 months black diamond casino no deposit codes’s very first quarter, down from 124 casinos and 33 gambling points through the period that is same of.
OEG currently runs in its house country along with in Latvia, Lithuania, Slovakia, Italy, and Malta. The company exited Poland and Belarus year that is last.
May happens to be a month that is eventful the Estonian operator black diamond casino boat west palm beach black diamond casino nd in terms of its planned framework adjustment. The business announced the completion of the merger of its Italian subsidiaries Slottery S.r.l. and Jackpot Game S.r.l. Following merger’s closure, OEG will now run its Italian operations under the Slottery brand.
In Lithuania, OEG demerged black diamond casino kokemuksia its UAB Orakulas subsidiary into UAB Orakulas and UAB Orakulas solutions, thus separating its technology platform and risk management tools from the functional activities.