On 4 April 2017 OEG published a stock exchange release informing that Bratislava
City Council decided to ban gambling operations in Bratislava as of 1 May 2017,
in a way that ensures the continuity of operations to the current licence
holders until the expiration dates of the existing licences (release is
available here
https://cns.omxgroup.com/cdsPublic/viewDisclosure.action?disclosureId=766968&mes
sageId=963095).
Today OEG received information that on 7 June 2018 Regional Court in Bratislava
overturned the Bratislava City Council decision and decided that the ban on
gambling in Bratislava is not in accordance with the law. Therefore, the most
negative scenario referred to in the 4 April 2017 announcement, where OEG
subsidiaries would have had to close its casinos in Bratislava starting from
2019, will not realize. Considering the 7 June 2018 court decision OEG
subsidiaries will continue operating casinos in Bratislava in an ordinary
manner.
Madis Jääger
CEO
Olympic Entertainment Group AS
Tel + 372 667 1250
E-mail madis.jaager@oc.eu (mailto:madis.jaager@oc.eu)
http://www.olympic-casino.com (http://www.olympic-casino.com/)
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