OEG Polish business files for bankruptcy

In a brief investor relations announcement today, Olympic Entertainment Group (OEG) revealed that its Polish subsidiary Casino Polonia-Wrocław sp. z o.o. has submitted a bankruptcy petition to that country’s courts.

Our readers will recall OEG subsidiary Baina Investments sp. z o.o. acquired the remaining 20 percent share holding in Casino Polonia-Wroclaw sp. z o.o. from Marek Sobiesiak back in January 2016 (see previous  reports).

According to the regional publication Baltic Course, OEG missed the operation’s license renewal deadline with a late application causing the company to suspend operations in late September 2016.

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