Olympic Entertainment Group (OEG) is beginning the provision of casino management services in Malta. For the Malta operations subsidiaries OEG Malta Holding Limited and OEG Malta Gaming Limited have been established in Malta. OEG owns directly or through subsidiaries 100% of the Maltese subsidiaries’ shares. OEG Malta subsidiary has concluded an agreement for the provision of casino management services and related service to Maltese company Casino Malta Limited and associated companies. As part of the transaction OEG acquires through OEG Malta Holding Limited subsidiary 1 preferred share of Casino Malta Limited. The preferred share does not confer the right to vote.
OEG will invest up to 7 million euros in the establishment of the new casino. The Group’s largest casino with close to 2,700 sq metres will be opened in the second half of 2015 at the Malta InterContinental Hotel and will be called Casino Malta by Olympic Casino. The country’s newest gaming venue will feature more than 250 slots, close to 30 casino and poker tables as well as sports betting and bar area.
Madis Jääger
CEO
Olympic Entertainment Group AS
Tel + 372 667 1250
E-mail madis.jaager@oc.eu
http://www.olympic-casino.com