Casino operator appeals Riga old town gambling ban

Estonian gambling company Olympic Entertainment Group (OEG) has filed a court action regarding the decisions of Riga City Council to ban most gambling activities in central Riga, the company said in a market announcement October 18.

"OEG Latvian subsidiary Olympic Casino Latvia SIA has received two decisions taken by Riga City Council and filed an action with a court regarding the decisions of cancellation of a permit to organise gambling activities in two casinos located in Riga with the transition period of five years. According to the decision taken by Riga City Council these two casinos should be closed by September 2022," OEG said.

According to the Riga City Council decisions taken on October 18, Olympic Casino Latvia SIA might receive decisions of cancellation of a permit to organise gambling activities for an additional five casinos. After five years’ time (autumn 2022) the total number of casinos to be closed in Riga’s historical center is up to 42, of which 7 belong to the OEG subsidiary.

"OEG is in the position that the decision of cancellation of a permit to organise gambling activities in Riga’s historic centre is against the Latvian legislation in force and based on that OEG is filing an action with a court requesting to have the decision declared invalid," the company said.

OEG’s flagship casino in Riga – Olympic Voodoo Casino – does not fall under the ban as it is located in an upscale hotel with the bans focusing on smaller gambling halls not for high rollers, as previously reported by LSM.

Related articles
0 comments
Comment
Comment using your social media profile
Business
Economy