Olympic Entertainment Group (OEG) enters Maltese market and opens its largest casino on the Malta’s top tourism region. The new casino will be established in cooperation with Maltese hotel and entertainment enterprise Eden Leisure Group and OEG will start to operate the casino under a management agreement.
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.