Olympic Enjoyment People to get SIA Garkalns

Olympic Enjoyment People to get SIA Garkalns

Olympic Casino Latvia SIA, part of playing user Olympic activities Group AS (OEG), revealed that it would buy a 100% risk in Latvian casino team SIA Garkalns and its particular subsidiary SIA Post-Nevada. Hence, Olympic Casino Latvia SIA would increase the presence in Latvia. Once the deal is completed, OEG and its particular subsidiary that is latvian would and function 57 gambling amenities in the country.

Currently, Garkalns and Post-Nevada operate up to 20 gambling enterprises across Latvia. Ten of the are observed in the united kingdom’s funds Riga. All 20 sites feature all in all, 432 slot machines. This past year, the 2 enterprises produced money of €6 million along with 245 staff.

Presently, SIA Garkalns’ display capital quantities on to a very little lower than €2 million. The events mentioned that they might maybe not display the price of the acquisition.

The deal has to be approved by the Latvian opposition Council in order to be complete. OEG mentioned that the freshly acquired casinos are required getting brought in conformity together with the user’s criteria within one calendar 12 months. The homes would be re-branded as then Olympic Casino.

Before the announcement in regards to the purchase of this 20 Garkalns and Post-Nevada gambling enterprises, Olympic Casino ran all in all, 37 playing venues in Latvia. Those featured 19 games tables and 1,056 slots. OEG’s Latvia-based subsidiaries generated income of €48 million back 2014 and had 679 workers. (more…)

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