Olympic Enjoyment Cluster to Buy SIA Garkalns

Olympic Enjoyment Cluster to Buy SIA Garkalns

Olympic Casino Latvia SIA, part of gaming user Olympic activity Group like (OEG), announced that it could buy a 100% risk in Latvian casino business SIA Garkalns as well as its subsidiary SIA Post-Nevada. Therefore, Olympic Casino Latvia SIA would increase its existence in Latvia. The moment the purchase is completed, OEG and its own subsidiary that is latvian would and work 57 gaming business in the country.

Presently, Garkalns and Post-Nevada manage as much as 20 casinos across Latvia. Ten of the are found in the nation’s investment Riga. All 20 sites feature all in all, 432 slots. Just last year, the 2 agencies generated revenue of €6 million together with 245 workforce.

Presently, SIA Garkalns’ express capital amounts on to a little less than €2 million. The parties said that they might not expose the cost of the purchase.

The exchange has to be approved by the Latvian opposition Council to be complete. OEG said that the freshly obtained casinos are expected are introduced compliance with the agent’s standards within one calendar season. The qualities would be re-branded as then Olympic Casino.

Ahead of the announcement concerning the acquisition of this 20 Garkalns and Post-Nevada gambling enterprises, Olympic Casino ran a maximum of 37 gaming sites in Latvia. Those showcased 19 games tables and 1,056 slots. OEG’s Latvia-based subsidiaries generated sales of €48 million back in 2014 together with 679 employees. Läs mer