Olympic Activities Cluster to Buy SIA Garkalns

Olympic Activities Cluster to Buy SIA Garkalns

Olympic Casino Latvia SIA, subsidiary of gaming user Olympic Entertainment Group while (OEG), revealed that it can buy 100% share in Latvian casino providers SIA Garkalns as well as its subsidiary SIA Post-Nevada. Thus, Olympic Casino Latvia SIA would increase its presence in Latvia. When the purchase is done, OEG and its particular subsidiary that is latvian would and run 57 playing places in the nation.

Presently, Garkalns and Post-Nevada work up to 20 gambling enterprises across Latvia. Ten of the can be found in the country’s investment Riga. All 20 spots feature all in all, 432 slot machine games. A year ago, the two companies produced sales of €6 million along with 245 workforce.

Presently, SIA Garkalns’ show capital amount to a little lower than sms fra casinoland €2 million. The parties said that they will maybe not expose the asking price of the acquisition.

The transaction needs to be approved by the Latvian Competition Council to become complete. OEG mentioned that the freshly obtained casinos are expected becoming introduced compliance aided by the agent’s guidelines within one calendar season. The homes would be re-branded as then Olympic Casino.

Prior to the statement about the exchange in the 20 Garkalns and Post-Nevada gambling enterprises, Olympic Casino ran a total of 37 betting sites in Latvia. Those included 19 games tables and 1,056 slot machine games. OEG’s Latvia-based subsidiaries created income of €48 million back in 2014 and had 679 employees. Continue reading “Olympic Activities Cluster to Buy SIA Garkalns”

Please follow and like us: