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Olympic Entertainment Group Winds Up Belarusian Subsidiary Black Diamond Casino Affiliates | artchamarelII
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Olympic Entertainment Group Winds Up Belarusian Subsidiary Black Diamond Casino Affiliates

Olympic Entertainment Group Winds Up Belarusian Subsidiary

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

The business explained in a short statement on its website that the liquidation arrived within the group’s work to adjust its structure. OEG further noticed that the liquidation process will maybe not impact its overall economic tasks.

The announcement comes just days after it became known that the casino black diamond casino sign up bonus operator will have to close several of its gaming venues into the historical center of Riga, the administrative centre and largest city of Latvia. All gambling halls in the area but few located in hotels will have to be shuttered within black diamond casino wonder woman 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 ban. It is still unknown when exactly the ban are imposed, but the casino operator noticed that it will black diamond casino mod apk never be before 2022 when its properties located in Riga’s historical center will have to close doors june.

Olympic Voodoo Casino, considered to be the operator’s flagship casino that is latvian will remain intact because the prohibition will not cover its location. OEG stated it doesn’t expect any negative financial effects to ensue from the ban. The black diamond casino download business has 54 casinos and gaming halls across Latvia. These generated income of €66.2 million and running profit of €24.1 million in 2016.

OEG has recently posted its monetary results for the very first quarter of the year, reporting revenue before fees of €51.5 million, up from diamond fun casino black notley &euro black diamond casino no deposit bonus codes 2017;48.8 million throughout the same amount of 2016. Web income totaled €40.3 million, reflecting a rise through the number of €37.6 million produced a year earlier in the day.

At the conclusion regarding the period that is reported OEG operated 4,100 slots, 108 electronic roulette black diamond casino no deposit bonus 2017 terminals, and 167 video gaming tables in its properties across European countries. Additionally it is crucial to note so it went 120 casinos and 31 betting points by the end with this year’s first quarter, down from 124 black diamond casino affiliates gambling enterprises and 33 gambling points through the same amount of 2016.

OEG currently operates in its home nation as well as 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 modification. The black diamond casino spokane business announced the conclusion of the merger of its subsidiaries that are italian S.r.l. and Jackpot Game S.r.l. Following a merger’s closure casino black diamond, OEG will now run its Italian operations under the Slottery brand.

In Lithuania, OEG demerged its UAB Orakulas subsidiary into UAB Orakulas and UAB Orakulas solutions, thus breaking up its technology platform and danger management tools from its activities that are operational.

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