Eastern Europe
Belarus’s Oldest Casino Operator Faces Bankruptcy

After the Olympic Casino, Belarus’ gambling market is very near to lose another well-known gambling brand.
From this month, the Economic Court of Minsk began proceedings on the bankruptcy case of one of the founders of the Belarusian gambling business – Novo-BR. The company operates the famous local casino network “U Admiralaâ€.
The owners of the “most reliable casino in Belarusâ€, as the brand is positioned on its website, applied to the court to initiate bankruptcy proceedings. The reasons are related to debts of Novo-BR. According to the Ministry of Taxes and Duties, the Novo-BT failed to pay it’s taxes, and more likely that the casino operator has not paid salaries to its employees.
According to the data of the website of the Unified State Register of Information on Bankruptcy, a protective period was introduced on Novo-BR from June 13. It will be in force until August 1 this year.
“Novo-BR†is one of the oldest operators of the Belarusian gambling business. The company was established in 1993. Currently it owns the casino “U Admirala†and the slot machine halls in the hotels “Orbita†(Minsk) and “Tourist†(Gomel).
According to the Register of Special Permits (Licenses) for Gambling Activities, as of June 1, 2018, 106 companies owned gambling licenses. This year, five companies were granted permits to open casinos, slot machines and bookmaker offices. Establishments will be located in Minsk, Polotsk, Brest, Grodno and on the M-1 motorway in Dubrovno district.
Source: e-playonline.com
-
Latest News7 days ago
ELA Games to Share Insights During Two Panel Discussions at the SBC Summit Malta
-
Africa7 days ago
Expanse Studios (GMGI) Partners with Bitville Gaming to Expand B2B Distribution Across Africa
-
Africa7 days ago
Cross Switch Bolsters African Footprint with Strategic Partnership with Pesawise
-
Asia7 days ago
BETER to Exhibit at SiGMA Asia
-
Asia7 days ago
Banijay Asia and NODWIN Gaming form Strategic Partnership to Amplify Youth Engagement in India
-
Africa6 days ago
QTech Games wins Leader in Online Casino at the 2025 SBEA+ Eventus Awards
-
Baltics6 days ago
Retention, Recognition & Real Results: How NuxGame Powers the Future of iGaming
-
Interviews6 days ago
HIPTHER Community Voices: Interview with Attorney-at-law and founder at Kancelaria Adwokacka Dr. Justyna Grusza-Głębicka