Olympic Entertainment Group Winds Up Belarusian Subsidiary Black Diamond Casino No Deposit Bonus

Olympic Entertainment Group black diamond casino wonder woman 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 web site that the liquidation came within the group’s work to adjust its framework. OEG further noticed that the liquidation process will not influence its overall financial activities.

The announcement comes just days after it became known that the casino operator will need to close a number black diamond casino sign up of its gaming venues in the historical 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 black diamond casino no deposit bonus codes 2017 ban.

OEG stated in a statement that seven of its venues, those slots that are being, are closed as a result through the ban. It’s still unknown whenever exactly the ban will be imposed, however the casino operator remarked that it will not be before 2022 when its properties located in Riga’s historical center will have to close doors black diamond casino download june.

Olympic Voodoo Casino, regarded as the operator’s flagship casino that is latvian will remain intact since the prohibition will not cover its location. OEG said so it does not expect any negative financial effects black diamond casino sign up bonus to ensue through the ban. The business https://real-money-casino.club/black-diamond-online-casino/ owns 54 casinos and video gaming halls across Latvia. These revenue that is generated of million and running profit of €24.1 million in 2016.

OEG has recently posted its financial results for the very first quarter of the season, reporting revenue before fees of €51.5 million, up from €48.8 million through the exact same period black diamond casino spokane of 2016. Net revenue totaled €40.3 million, showing a growth through the quantity of €37.6 million generated a year earlier.

At the conclusion associated with period that is reported OEG black diamond casino no deposit bonus 2017 operated 4,100 slot machines, 108 electronic roulette terminals, and 167 gaming tables in its properties across Europe. It is also essential to notice it went 120 gambling enterprises and 31 wagering points by the conclusion with this year’s very black diamond casino mod apk first quarter, down from 124 casinos and 33 betting points during the exact same amount of 2016.

OEG currently runs in its home country also in Latvia, Lithuania, Slovakia, Italy, and Malta. The business exited Poland and Belarus year that is last.

May was an eventful month for the Estonian black diamond casino affiliates operator in relation to its planned framework modification. The organization announced the conclusion for the merger of its subsidiaries that are italian S.r.l. and Jackpot Game S.r.l. Following the merger’s closure, OEG will now run its operations that are italian the Slottery casino black diamond brand.

In Lithuania, OEG demerged its UAB Orakulas subsidiary into UAB Orakulas and UAB Orakulas solutions, hence isolating its technology platform and danger management tools from the activities that are operational.

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