Olympic Entertainment Group to get SIA Garkalns

Olympic Entertainment Group to get SIA Garkalns

Olympic Casino Latvia SIA, subsidiary of playing operator Olympic amusement Group like (OEG), announced that it can obtain a 100% stake in Latvian casino business SIA Garkalns and its own part SIA Post-Nevada. Thus, Olympic Casino Latvia SIA would increase the existence in Latvia. Once the transaction is finished, OEG and its particular subsidiary that is latvian would and function 57 gaming amenities in the united states.

Currently, Garkalns and Post-Nevada operate as many as 20 gambling enterprises across Latvia. Ten of those are found in the nation’s capital Riga. All 20 spots feature a maximum of 432 slot machine games. This past year, the two organizations generated income of €6 million together with 245 workers.

Currently, SIA Garkalns’ share capital quantities up to a very little lower than €2 million. The activities asserted that they might casinopokies777.com not display the price of the acquisition.

The transaction needs to be authorized by the Latvian opposition Council in order to be complete. OEG asserted that the recently obtained casinos are anticipated to be earned compliance making use of the agent’s standards within one calendar seasons. The characteristics would be re-branded as then Olympic Casino.

Ahead of the statement in regards to the purchase for the 20 Garkalns and Post-Nevada gambling enterprises, Olympic Casino ran a maximum of 37 betting sites in Latvia. Those included 19 games tables and 1,056 slot machine games. Read More