Kategorie: Casinoland

Olympic Enjoyment People to get SIA Garkalns

Olympic Enjoyment People to get SIA Garkalns

Olympic Casino Latvia SIA, part of betting user Olympic amusement Group while (OEG), revealed that it could buy a 100% share in Latvian casino business SIA Garkalns as well as its part SIA Post-Nevada. Therefore, Olympic Casino Latvia SIA would enlarge the position in Latvia. After the purchase is finished, OEG and its subsidiary that is latvian would and function 57 betting features in the country.

Currently, Garkalns and Post-Nevada work possibly 20 casinos across Latvia. Ten of these are found in the country’s funds Riga. All 20 locations feature a maximum of 432 slot machine games. This past year, the two organizations generated profits of €6 million and had 245 staff.

Presently, SIA Garkalns’ display capital amounts on to a little less than €2 million. The people asserted that they will perhaps not unveil the cost of the acquisition.

The deal must be approved by the Latvian Competition Council to be completed. OEG said that the newly acquired casinos are anticipated are brought in conformity because of the driver’s requirements within one calendar seasons. The attributes would next getting re-branded as Olympic Casino.

Ahead of the announcement about the purchase from the 20 Garkalns and Post-Nevada casinos, Olympic Casino went a maximum of 37 playing sites in Latvia. Those highlighted 19 video gaming dining tables and 1,056 slot machines. OEG’s Latvia-based subsidiaries generated income of €48 million back 2014 and had 679 workforce. (mehr …)