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Tag Archives: Olympic Entertainment Group

Estonia – Entain makes US1bn bid for Olympic Entertainment Group

Entain is pursuing a takeover of Olympic Entertainment Group, one of the Baltic region’s largest gambling companies. The indicative cash offer values OEG at US$1bn. Entain’s proposal includes an upfront payment to acquire Olympic’s online business and operations in Lithuania and Croatia, as well as an additional earnout to be paid in early 2023 depending…

Olympic – a European Champion

G3 interviews Olympic Entertainment’s CEO, Corey Plummer, about his recent appointment, the acquisition of OEG, and the wider European gaming landscape about to be dynamically shaped by a new “European Champion” Why were you interested in Olympic Entertainment Group? In helping to acquire the business, I viewed Olympic as a strong platform to build something…

Estonia – Tamas Adam from Switzerland crowned European Dealer Champion 2019

The European Dealer Championship 2019 culminated on May 1 with the final that saw Tamas Adam from Switzerland come out on top. Over two days, 38 competitors from 20 countries fought hard for the prestigious title at Olympic Park Casino in Tallinn, Estonia. Dealers were rated on their technical skills, control of the game and…

Slovakia – Bratislava slot operators avoid capital punishment

The Regional Court in Bratislava has overturned a ruling that would have closed all casinos in the Slovakian capital as being ‘incompatible with the law.’ The initial ruling, made in April 2017 saw the Bratislava City Council vote ti ban all forms of gambling within in the city limits aside from sports betting and lottery…

Estonia – Odyssey Europe ready to pay €288m for Olympic Entertainment Group

Odyssey Europe, an independent European private equity firm, is looking to buy Baltic-based casino group Olympic Entertainment Group for €288m. The Tallinn-headquartered land-based and online casino and betting operator, owns 115 gaming venues and 27 betting points including 24 casinos in Estonia, 53 in Latvia, 17 in Lithuania, six in Slovakia, 14 in Italy and…

Estonia – Olympic Entertainment Group selects Playtech as strategic systems partner

Playtech has agreed a long-term deal to supply its Neon casino management system to manage Olympic Entertainment Group’s (OEG) international land-based casino operations, further cementing its position as the leading supplier of systems to the European casino industry. The solution will connect more than 100 casinos in five countries, covering approximately 3,500 electronic gaming machines…

Latvia – Olympic takes legal action over Latvian licence withdrawals

Baltic operator Olympic Entertainment Group has filed an action with the courts regarding the decisions of cancellation of a permit to organise gambling activities in two casinos located in Riga OEG published its plan to sue the Riga City Council on the stock exchange, over its decision to ban gambling in Riga’s historical centre. OEG Latvian…

Latvia – Latvia’s Finance Ministry announces 30 per cent tax increase

As part of its ongoing crackdown on gaming, Latvia’s Finance Ministry has confirmed its intention to increase gaming tax by 30 per cent. The Ministry said it wanted to increase its yearly tax from slot machines from €3,204 to €4,164. It said that annual taxes generated by a casino gaming table would increase from €18k…

Estonia – OlyBet awards record-breaking €300,000 from an Estonian online casino

Estonia’s all time largest slot machine win of €285,104 euros was recorded last week on OlyBet online casino. “To our knowledge, this is the largest ever one-time win obtained on slot machines in Estonia both online and also in land-based casinos. It is also a record-breaking one-time win for all Olympic Entertainment Group’s six countries…