OEG POLISH BUSINESS FILES FOR BANKRUPTCY

Missed license renewal deadline?

In a brief investor relations announcement today, Olympic Entertainment Group (OEG) revealed that its Polish subsidiary online gambling Casino Polonia-Wrocław sp. z o.o. has submitted a bankruptcy petition to that country’s courts.

Our readers will recall OEG subsidiary Baina Investments sp. z o.o. acquired the remaining 20 percent share holding in Casino Polonia-Wroclaw sp. z o.o. from Marek Sobiesiak back in January 2016.

According to the regional publication Baltic Course, OEG missed the operation’s license renewal deadline with a late application causing the company to suspend operations in late September 2016.