Olympic black diamond casino cheats Entertainment Group Winds Up Belarusian Subsidiary

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

The organization explained in a brief declaration on its web site that the liquidation arrived included in the team’s effort to adjust its structure. OEG further remarked that the liquidation procedure will not affect its overall financial tasks.

The announcement comes simply days after it became known that the casino operator will have to close black diamond casino games many of its video gaming venues in the historical center black diamond casino promo code of Riga, 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 statement that seven of its venues, those being slots casinos, will likely be closed because of this from the ban. It is still unknown when precisely the ban is imposed, however the casino operator remarked that it will not be before 2022 when its properties located in Riga’s historical black diamond online casino center will have to close doors june.

Olympic Voodoo Casino, considered to be the operator’s flagship Latvian casino, will continue to be intact as the prohibition does not cover its location. OEG said so it will black diamond casino no deposit bonus not expect any negative economic effects to ensue through the ban. The business owns 54 gambling enterprises and video gaming halls across Latvia. These generated revenue of €66.2 million and black diamond casino login operating revenue of €24.1 million in 2016.

OEG has recently posted its monetary results for initial quarter of the year, reporting revenue before taxes of €51.5 million, up from €48.8 million through the exact same period of 2016. Web revenue totaled €40.3 million, reflecting an increase through the level of €37.6 million generated an earlier year.

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

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OEG currently operates in its home country along with in Latvia, Lithuania, Slovakia, Italy, and Malta. The company exited Poland and Belarus year that is last.

Might has been a month that is eventful the Estonian operator in terms of its planned framework adjustment black diamond casino promo codes. The company announced the completion of the merger of its subsidiaries that are italian S.r.l. and Jackpot Game S.r.l. After the 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, thus black diamond casino free slots isolating its technology platform and risk management tools from the activities that are operational.