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Olympic Entertainment Black Diamond Casino Login Group Winds Up Belarusian Subsidiary

Olympic Entertainment Group Winds Up Belarusian Subsidiary

Estonian gambling operator Olympic Entertainment Group (OEG) today announced so it has finalized the liquidation black diamond casino ship west palm beach of Olympic Casino Bel IP, considered to be its Belarusian subsidiary.

The company explained in a statement that is short its website that the liquidation arrived included in the group’s effort to adjust its framework. OEG further noticed that the liquidation process will not affect its overall activities that are economic.

The announcement comes just times after it became black diamond casino mobile understood that the casino operator will have to close a number of its video gaming venues within black diamond casino review the historic center of Riga, the main city and largest city 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, is going to be closed as a result from the ban. It’s still unknown whenever exactly the ban are imposed, nevertheless the casino operator noticed that it won’t be before June 2022 when its properties based in Riga’s historical center will have to shut doors zynga black diamond casino free coins.

Olympic Voodoo Casino, considered to be the operator’s flagship casino that is latvian will stay intact since the prohibition doesn’t cover its black diamond casino events location. OEG said that it will not expect any negative monetary effects to ensue through the ban. The company has 54 casinos and video gaming halls across Latvia. These generated revenue of €66.2 million and running revenue of €24.1 million in 2016.

OEG has recently posted its financial outcomes for initial quarter of the season, reporting income before fees of €51.5 million, up from €48.8 million through the same period of 2016. Web black diamond casino sister sites revenue totaled €40.3 million, showing an increase from the level of €37.6 million produced an earlier year.

At the end for the period that is reported OEG operated 4,100 slot machines, 108 electronic roulette terminals, and 167 gaming casinos similar to black diamond casino tables in its properties across European countries. It’s also important to note so it ran 120 gambling enterprises and 31 wagering points by the end of the year’s very first quarter, down from 124 gambling enterprises and 33 wagering points through the period that is same of.

OEG presently runs in its house black diamond casino slots https://real-money-casino.club/black-diamond-online-casino/ nation also in Latvia, Lithuania, Slovakia, Italy, and Malta. The organization exited Poland and Belarus year that is last black diamond casino vicksburg.

May was a month that is eventful the Estonian operator with regards to its planned structure modification. The organization announced the completion of this merger of its subsidiaries that are italian black diamond casino tips S.r.l. and Jackpot Game S.r.l. Following a merger’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 isolating its technology platform and risk management tools from the activities that are operational.