The Romanian gaming authorities closed the live tables area at Casino Palace in Bucharest for 30 days as punishment for a decrease in the overall number of tables at the property.
Queenco Leisure, the Israel-based casino operator, announced on December 29 that it had learned from unofficial sources that the National Gaming Committee in Romania planned to instruct its Romanian subsidiary, Queen Investments, to close the casino as a punitive fine for a reduction in the number of tables over the previous few months.
However, on January 6 the company revealed that the committee had formally instructed Casino Palace to close its gaming tables area, with the fine not extending to its slot machines. Queen Investments said it would be taking action to remove the fine immediately.
Queenco, which also operates Club Hotel Casino Loutraki and the Grand Albergo della Roda and Casino Rodos in Greece, Casino Beograd in Serbia and the SaSaZu entertainment centre in the Czech Republic, said it expected the punitive fine to have no substantial impact on the its financial results or Casino Palace’s licence, which was renewed in September.
