Eastern European gambling operator Olympic Entertainment Group (OEG) isn’t giving up the fight to preserve its threatened Latvian gaming halls.
In May, the city council in Latvia’s capital Riga announced plans to purge all gambling halls from the city’s historic center district, with exceptions made for operations based in four- and five-star hotels. In total, 42 venues were targeted for closure, with seven of these venues operated by OEG’s Latvian subsidiary.
On Wednesday, OEG said its subsidiary had received official notices that two of its Riga venues would have to close by September 2022. OEG said decisions taken by the Council on Wednesday made it likely that a further five permit cancellations were in the mail.
OEG maintains that the Council’s decisions to cancel gaming permits are “against the Latvian legislation in force” and therefore OEG is “filing an action with a court requesting to have the decision declared invalid.”