Market announcement
Olympic Entertainment Group AS
Category
Other price sensitive information
Date
12.08.2009 16:01:26
Title
OEG Ukraina tütarettevõtete pankrotiavalduse esitamine
Message
9. juulil alustas OEG Ukraina tütarettevõtete Olympic Casino Ukraine TOV, Ukraine Leisure Company ja Eldorado Leisure Company likvideerimisprotsessi seoses Ukraina parlamendi poolt 15. mail 2009 välja kuulutatud ning avaldamisest 25. juunil 2009 jõustunud seadusega „Ukrainas hasartmängude keelamisest”. Seadus tühistas kõik kasiinoettevõtetele välja antud litsentsid ning lõpetas teadmata ajaks kasiinode tegevuse Ukrainas. Täna, 12. augustil esitasid OEG Ukraina tütarettevõtted Olympic Casino Ukraine TOV, Ukraine Leisure Company ja Eldorado Leisure Company likvideerimisprotsessi järgmise sammuna kohtule pankrotiavalduse. OEG plaanib nõuda Ukraina riigilt investeeringute kompensatsiooni Eesti Vabariigi Valitsuse ja Ukraina valitsuse vahelisele investeeringute soodustamise ja vastastikuse kaitse lepingule tuginedes. Lisainfo: Andri Avila Tegevdirektor Olympic Entertainment Group Tel + 372 667 1250 E-post andri.avila@oc.eu http://www.olympic-casino.com
Title
Bankruptcy petition of OEG`s Ukrainian subsidiaries
Message
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 andri.avila@oc.eu http://www.olympic-casino.com