Olympic Activity People buying SIA Garkalns

Olympic Activity People buying SIA Garkalns

Olympic Casino Latvia SIA, part of playing user Olympic activity Group like (OEG), launched that it would purchase a 100% risk in Latvian casino organization SIA Garkalns as well as its part SIA Post-Nevada. Hence, Olympic Casino Latvia SIA would increase their presence in Latvia. The moment the deal is completed, OEG and its Latvian part would have and work 57 betting places in the nation.

Presently, Garkalns and Post-Nevada manage as much as 20 gambling enterprises across Latvia. Ten of those are found in the united kingdom’s funds Riga. All 20 spots feature all in all, 432 slot machine games. This past year, the two agencies generated earnings of €6 million and had 245 workers.

Presently, SIA Garkalns’ show capital amount up to a little lower than €2 million. The parties said that they will perhaps not unveil the cost of the purchase.

The purchase should be authorized by the Latvian Competition Council to become done. OEG mentioned that the freshly acquired gambling enterprises are required to get brought in compliance with the user’s criteria within one calendar season. The residential properties would be re-branded as then Olympic Casino.

Prior to the announcement in regards to the purchase in the 20 Garkalns and Post-Nevada gambling enterprises, Olympic Casino went all in all, 37 gambling locations in Latvia. Those presented 19 games dining tables and 1,056 slot machines. OEG’s Latvia-based subsidiaries produced profits of €48 million back in 2014 and had 679 workforce. Continue reading “Olympic Activity People buying SIA Garkalns”