OEG: Bankruptcy petition of OEG`s Ukrainian subsidiaries
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2009-08-12
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Raktiniai žodžiai:
Olympic Entertainment Group,
OEG
OEG: Bankruptcy petition of OEG`s Ukrainian subsidiaries
Olympic Entertainment Group Company Announcement 12.08.2009
Bankruptcy petition of OEG`s Ukrainian subsidiaries
On July 9th OEG initiated the liquidation process of subsidiaries Olympic
Casino Ukraine TOV, Ukraine Leisure Company and Eldorado Leisure Company due to
“Ukrainian gaming activities suspension” law, which was issued by Ukrainian
parliament on May 15th and entered in force since the moment of publication on
June 25th. The law cancelled all licenses issued to casino operators and
terminated all casino activities in Ukraine for unknown time period.
Today, on August 12th, OEG`s Ukrainian subsidiaries Olympic Casino Ukraine TOV,
Ukraine Leisure Company and Eldorado Leisure Company submitted the bankruptcy
petition as the following step of the liquidation process.
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.
Additional information:
Andri Avila
CEO
Olympic Entertainment Group
Tel + 372 667 1250
E-post [email protected]
http://www.olympic-casino.com