Olympic Recreation Party purchasing SIA Garkalns

Olympic Recreation Party purchasing SIA Garkalns

Olympic Casino Latvia SIA, subsidiary of playing operator Olympic recreation Group like (OEG), established that it might buy 100% risk in Latvian casino providers SIA Garkalns and its own part SIA Post-Nevada. Thus, Olympic Casino Latvia SIA would greatly enhance the existence in Latvia. As soon as the deal is completed, OEG as well as its Latvian part would acquire and manage 57 betting facilities in the united kingdom.

Presently, Garkalns and Post-Nevada operate as many as 20 casinos across Latvia. Ten of those are located in the united kingdom’s capital Riga. All 20 spots feature all in all, 432 slot machines. A year ago, the 2 agencies generated income of €6 million along with 245 staff.

Currently, SIA Garkalns’ display capital amount to a little lower than €2 million. The parties mentioned that they will not reveal the cost of the purchase.

The exchange should be approved by the Latvian Competition Council to be done. OEG said that the recently obtained gambling enterprises are required becoming introduced compliance making use of the driver’s expectations within one calendar 12 months. The properties would then getting re-branded as Olympic Casino.

Before the announcement about the purchase of this 20 Garkalns and Post-Nevada casinos, Olympic Casino ran all in all, 37 gambling locations in Latvia. Those highlighted 19 video gaming dining tables and 1,056 slot machines casinoland betrouwbaar. OEG’s Latvia-based subsidiaries generated money of €48 million back 2014 together with 679 staff. Continue reading Olympic Recreation Party purchasing SIA Garkalns