Bombay Club casino closes in Tallinn as Yolo exits
The Bombay Club casino in Tallinn’s Old Town closed on September 30, as parent company Yolo Group withdrew from land-based gambling in Estonia. The group’s online brands, Yolo.com and Bombaycasino.com, have also gone offline.
Customers holding balances in Yolo Wallet have been told to transfer the money to their bank accounts by November 30, 2026. Shang Shi, the Cantonese restaurant that was part of the original project, will serve its final guests on November 15.
Maarja Pärt, a member of Yolo Group’s supervisory board, described the closure as a strategic shift toward the company’s more profitable operations. Yolo Group, the parent of Bombay Group, is a technology company serving the gaming, fintech and blockchain sectors. It has increasingly focused on technology services, regulated online gambling and business-to-business offerings. Last year, its subsidiaries Hub88 Holdings and Live Online Gaming Services secured gaming-related vendor licenses from the United Arab Emirates’ General Commercial Gaming Regulatory Authority.
Yolo Group says Bombay Club was built mainly for international visitors rather than the Estonian market.
“Offering gambling services aimed solely to the Estonian market has never been part of the company’s strategy,” commented Maarja Pärt, Yolo Group supervisory board member.
Bombay Club opened in August 2024 after more than five years of development and an investment the company valued at €75 million. It occupied two restored buildings on Rataskaevu Street near Town Hall Square and had 11 gaming tables and private gaming salons. Michelin-recognized dining venues and The Burman boutique hotel, which holds two Michelin Keys, were part of the property. The venue ran a fully cashless operation through Yolo Wallet, with cryptocurrency payments integrated.
Financial results fell short of those plans. Bombay Group reported an annual loss of €19 million, with liabilities approaching €150 million. Estonian business outlet Äripäev reported that high operating costs and reliance on customer spending levels that did not materialize lay behind the problems.
The company cut back operations over time. More than 100 positions were eliminated in late 2025, followed by further reductions in early 2026, and reports indicate more than 250 jobs had been lost by March 2026. Daily gaming was replaced by services available only through prior arrangement, and the company began selling some assets in February.
Pärt said the company is consulting with employees under the collective redundancy process. CEO Dajana Tiitsaar confirmed that all affected workers will receive redundancy packages under standard restructuring procedures. The number of positions affected by the closure has not been disclosed.
In a statement to customers, reported by Äripäev, Bombay said: “This was not an easy decision, and we are truly grateful to everyone who has been part of our journey.”
The closure is another setback for Tallinn’s live poker scene. The ownership group previously ran Chesterfield Poker Club near the Old Town, which hosted the Coolbet Open and the Chesterfield 500 series. Its Bad Beat Jackpot exceeded €100,000 before the club closed in November 2025. Chesterfield’s operations and promotions moved to Bombay Club, where regular gaming was later scaled back. The Kings of Tallinn series remains on the local calendar.
Yolo Group will keep a presence at the property. The Burman hotel will continue operating, and the former casino building will remain available for private functions and special events.
