Market announcement
Olympic Entertainment Group AS
Category
Other price sensitive information
Date
09.07.2009 08:33:50
Title
OEG Ukraina tütarettevõtete likvideerimine
Message
Ukraina parlamendi poolt 15. mail 2009 välja kuulutatud ning avaldamisest 25. juunil 2009 jõustunud seadusest „Ukrainas hasartmängude keelamisest” tulenevalt on teadmata aja jooksul kasiinode tegevus Ukrainas võimatu. Seoses ülaltoodud asjaoludega alustab OEG Ukraina tütarettevõtete Olympic Casino Ukraine TOV, Ukraine Leisure Company ja Eldorado Leisure Company likvideerimisprotsessi. OEG plaanib nõuda Ukraina riigilt investeeringute kompensatsiooni Eesti Vabariigi Valitsuse ja Ukraina valitsuse vahelisele investeeringute soodustamise ja vastastikuse kaitse lepingule tuginedes. Koos teiste Ukrainas tegutsevate kasiinooperaatoritega kaalutakse pöörudmist Euroopa Komisjoni. Ukraina tütarettevõtete likvideerimisega kaasnevad kahjud on hindamisel, mõju OEG konsolideeritud majandustulemustele avaldatakse esimesel võimalusel. Lisainfo: Andri Avila Tegevdirektor Olympic Entertainment Group Tel + 372 667 1250 E-post andri.avila@oc.eu http://www.olympic-casino.com
Title
Liquidation of OEG`s Ukrainian subsidiaries
Message
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 andri.avila@oc.eu http://www.olympic-casino.com