OEG: Liquidation of OEG`s Ukrainian subsidiaries
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2009-07-09
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Raktiniai žodžiai:
Olympic Entertainment Group,
OEG
OEG: Liquidation of OEG`s Ukrainian subsidiaries
Olympic Entertainment Group Company Announcement 09.07.2009
Liquidation of OEG`s Ukrainian subsidiaries
Due to “Ukrainian gaming activities suspension” law, which was issued by
Ukrainian parliament on May 15th and is in force since the moment of
publication on June 25th, all casino operations in Ukraine are impossible for
an unspecified period.
In connection with circumstances mentioned above OEG initiates the liquidation
process of subsidiaries Olympic Casino Ukraine TOV, Ukraine Leisure Company and
Eldorado Leisure Company. OEG is planning to demand investments compensation
from the Ukrainian state basing on investments propitiation and mutual
protection agreement signed between Estonian and Ukrainian governments. We are
also considering turning to European Commission together with other casino
companies operating in Ukraine.
Losses connected to Ukrainian subsidiaries liquidation are under evaluation,
their influence on OEG consolidated operating results will be published as soon
as possible.
Additional information:
Andri Avila
CEO
Olympic Entertainment Group
Tel + 372 667 1250
E-post [email protected]
http://www.olympic-casino.com