Baltic-born operator Olympic Entertainment Group has confirmed it is to enter the new market of Malta where it will build its largest ever casino.
Covering close to 2,700 sq. metres, the casino will be called Casino Malta by Olympic Casino and will be opened in the second half of 2015 at the Malta InterContinental Hotel. It will feature more than 250 slots, close to 30 casino and poker tables as well as sports betting and bar area. OEG will invest up to €7m in the establishment of the new casino.
The new casino will be established in cooperation with Maltese hotel and entertainment enterprise Eden Leisure Group and OEG will start to operate the casino under a management agreement.
Olympic Entertainment Group (OEG) is beginning the provision of casino management services in Malta. For the Malta operations subsidiaries OEG Malta Holding Limited and OEG Malta Gaming Limited have been established in Malta. OEG owns directly or through subsidiaries 100 per cent of the Maltese subsidiaries’ shares. OEG Malta subsidiary has concluded an agreement for the provision of casino management services and related service to Maltese company Casino Malta Limited and associated companies. As part of the transaction OEG acquires through OEG Malta Holding Limited subsidiary 1 preferred share of Casino Malta Limited. The preferred share does not confer the right to vote.