Yolo Group Closes Bombay Club Casino in Tallinn as Part of Exit from Estonian Land-Based Operations

Bombay Club casino in Tallinn ceased operations on September 30. Parent company Yolo Group has exited land-based gambling activities in Estonia. The luxury venue, which opened in August 2024, represented one of the largest gaming and hospitality investments in the market in recent years.

The project combined a casino with boutique accommodation, premium dining and entertainment. It required more than five years of development and an investment valued at €75 million. The site occupied two restored buildings on Rataskaevu Street near Town Hall Square and operated 11 gaming tables along with private salons.

High-End Casino Project Falls Short of Expectations

Bombay Club reported annual losses of €19 million while liabilities approached €150 million. The operating model depended on high spending from international high-net-worth visitors that did not materialize at expected levels. The company promoted Tallinn as a destination to rival Las Vegas, London, Macau or Monte Carlo but gradually scaled back daily gaming to appointment-only services.

The associated Shang Shi restaurant is scheduled to serve its final guests on November 15. Customers holding balances in Yolo Wallet accounts must transfer them to bank accounts by November 30, 2026.

Workforce Reductions and Strategic Refocus

Yolo Group has shifted focus to technology services, regulated online gambling and business-to-business offerings for international gaming companies. Its online brands including Yolo.com and Bombaycasino.com have gone offline. Subsidiaries Hub88 Holdings and Live Online Gaming Services obtained vendor licenses from the United Arab Emirates’ General Commercial Gaming Regulatory Authority last year.

Maarja Pärt, a member of Yolo Group’s supervisory board, stated the company is consulting with employees on collective redundancies. All affected workers will receive standard redundancy packages. Pärt added that offering gambling services aimed solely at the Estonian market has never been part of the company’s strategy. The Burman hotel will continue to operate and the former casino space will host private functions and events.

The closure ends operations transferred from the earlier Chesterfield Poker Club. Tallinn’s live poker community has lost both venues in under a year, though other operators and events such as the Kings of Tallinn series remain active in the region. This account draws from reporting by World Casino News.

Reporting: World Casino News

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