All land-based casinos have closed and almost 200 jobs have disappeared as the operator winds down its Slovak business.
The Slovak gambling industry is booming. Tax receipts are climbing, online betting continues to expand, and some operators are reporting record results.
Yet one of the country’s oldest casino brands is disappearing from the market.
Olympic Casino Slovakia, once a fixture of city centres from Bratislava to Košice, has all but shut down after a year in which its revenue collapsed by almost 80 percent. The company has closed all its land-based venues, reduced its workforce from nearly 200 to just two, and is preparing to surrender its gambling licence, according to Forbes Slovakia.
Its decline highlights a consequence of Slovakia’s increasingly restrictive approach to casinos. Rather than shrinking the market, local bans have accelerated a migration to online gambling, concentrating business among digital operators while leaving traditional casino groups behind.
