Eastern European casino operator Olympic Entertainment Group has acquired the operations of Latvian casino company SIA Garkalns, as well as its subsidiary, SIA Post-Nevada.
The two companies operate 20 slot parlors in Latvia, 10 in the capital of Riga, for a total of 432 slot machines, reported CalvinAyre.com. In 2013, OEG acquired SIA Altea, owner of 17 Latvian slot halls. On completion of the transaction, OEG will own 57 casinos in Latvia. No price was disclosed. In 2014, the Latvian subsidiaries of OEG had revenue of approximately €48 million (US$52.3 million) and employed 679 people.