Tag Archives: Olympic Entertainment Group
Italy – Olympic buys two Milan VLT slot operations
Olympic Entertainment Group company Jackpot Game has bought two VLT slot casinos from the Italian VLT casino operator Pasquale Di Gaetano – Judica Concetta and sons sas. The purpose of the acquisition is to increase the market share in Italy. On the completion of the transaction OEG will own 14 VLT slot casinos in Italy….
Estonia – Olympic looking for new markets to expand online brand
After proving that land-based and online gaming can exist side by side and create significant synergy, OlyBet, the online gaming brand of Estonia-based Olympic Group is now considering expanding to new markets. Armin Karu, Chairman of the Board of Olympic Entertainment Group, said: “In two years OlyBet has become the second largest online gaming operator…
Latvia – Olympic acquires a competitor with 20 casinos in Latvia
Latvian subsidiary of Olympic Entertainment Group (OEG) signed an agreement to acquire 100 per cent shareholding in Latvian casino operator SIA Garkalns and its subsidiary SIA Post-Nevada. According to Madis Jääger, CEO of OEG, the agreement follows directly the Group’s strategy by which it is constantly on the lookout for promising expansion opportunities both in…
Estonia – Olympic enjoys growth in first quarter
Baltic-based operator Olympic Entertainment has continued to grow its revenues into the first quarter of 2015 with its total of €39.1m, up 12.4 per cent or €4.3m year-on-year. Estonia, Latvia, Lithuania, Poland and Slovakia all showed market gains with Italy and Belarus the only markets to decline. Gaming revenues accounted for 93.9 per cent (€36.7…
Estonia – Hilton Tallinn Park to open next spring
Olympic Entertainment has confirmed at the recent topping out ceremony of Hilton Tallinn Park that the impressive 13-storey hotel with Estonia’s flagship casino will be opened to guests in Tallinn next spring. Chairman of the Board of the Olympic Entertainment Group, the owner of the building, expressed his gratitude to more than a hundred construction…
Estonia – Latvia, Lithuania and Italy help push Olympic in the right direction
With Latvia, Lithuania and Italy all generating improved gaming revenue, Olympic Entertainment’s consolidated sales revenues for 2014 amounted to €150.3m up 3.5 per cent or €5.1m year-on-year. The Group’s consolidated EBITDA for the 12 months of 2014 amounted to €36.2m, a decline of 8.6 per cent from €39.5m a year before. The Group’s consolidated operating…
Malta – Olympic Entertainment to expand into Malta
Baltic-born operator Olympic Entertainment Group has confirmed it is to enter the new market of Malta where it will build its largest ever casino. Covering close to 2,700 sq. metres, the casino will be called Casino Malta by Olympic Casino and will be opened in the second half of 2015 at the Malta InterContinental Hotel….
Estonia – OEG ranked as Estonia’s most successful company
Olympic Entertainment Group (OEG), has been ranked as first among the top 100 successful Estonian companies. The list of the most successful Estonian companies is annually published by the largest Estonian business daily Äripäev. The ranking is based on top 500 Estonian companies with the biggest revenue and developed taking into account also operating profit,…
Estonia – Olympic continues to grow its revenues in the first half of 2014
Olympic Entertainment saw its first half revenues increase by seven per cent to 72m, with Italy, Latvia, and Lithuania countering tough market conditions in Poland and Belarus. Gaming revenues accounted for 94 per cent, €67.7m, and other revenues for six per cent, €4.3 of the group’s consolidated sales revenues for the first half of 2014….
