Central Europe

Bratislava City Council decision to ban gambling operations overturned

Published

7 years ago

June 7, 2018

Zoltan Tundik

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June 07, 2018 10:54 ET | Source: Olympic Entertainment Group AS

On 4 April 2017 OEG published a stock exchange release informing that Bratislava City Council decided to ban gambling operations in Bratislava as of 1 May 2017, in a way that ensures the continuity of operations to the current licence holders until the expiration dates of the existing licences (release is available here https://cns.omxgroup.com/cdsPublic/viewDisclosure.action?disclosureId=766968&messageId=963095).

Today OEG received information that on 7 June 2018 Regional Court in Bratislava overturned the Bratislava City Council decision and decided that the ban on gambling in Bratislava is not in accordance with the law. Therefore, the most negative scenario referred to in the 4 April 2017 announcement, where OEG subsidiaries would have had to close its casinos in Bratislava starting from 2019, will not realize. Considering the 7 June 2018 court decision OEG subsidiaries will continue operating casinos in Bratislava in an ordinary manner.

Madis Jääger
CEO
Olympic Entertainment Group AS
Tel + 372 667 1250
E-mail [email protected]
https://www.olympic-casino.com

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Zoltan Tundik

Zoltán is a self-taught publisher and events organizer who has developed several brands and services that have increased the notoriety of his company within multi-billion dollar industries. In 2018, he has become a TEDx speaker and talked about reputation management in the digital era. As Co-Founder of HIPTHER Agency, Zoltan has helped develop highly respected online news portals, virtual and in-person conferences that cater to multiple industries on 5 continents. Among the developed brands and services you can find online news portals that cover several tech industries, gaming, blockchain, fintech, artificial intelligence, and more. In parallel, the company has built a portfolio of annually organized boutique-style conferences in Europe and North America. All the events organized by his company focus on bringing a wealth of information about the latest innovation in several industries such as Entertainment, Technology, Gaming and Gambling, Blockchain, Artificial Intelligence, Fintech, Quantum Technology, Legal Cannabis, Health and Lifestyle, VR/AR, eSports and many more. Zoltan enjoys writing articles on all portals owned by the HIPTHER Agency, talking at conferences, hosting the weekly HIPTHER Talks Podcast, and loves spending time with his family. Zoltan is a duathlete who enjoys training for different international competitions which include running and cycling.