Tag Archives: Olympic Entertainment
Estonia – OEG’s sports betting brand OlyBet to reach 1,000s of NBA fans
Olympic Entertainment Group AS (OEG) and the National Basketball Association (NBA) has announced a new multiyear partnership that will make its flagship betting brand OlyBet the official betting partner of the NBA in the region. The exclusive partnership, covering Estonia, Latvia, Lithuania and Slovakia, will be promoted in more than 100 casino and retail locations…
Estonia – Olympic’s OlyBet signs up with GGPoker Network
Baltic’s operator Olympic Entertainment has signed a strategic partnership agreement with GGPoker Network, the world’s largest online poker network. The agreement ensures that, from April 30, 2020 onwards, OlyBet players will be able to access all of the exciting offers and unique features that thrill GGPoker Network players the world over. “GGPoker Network is the…
Estonia – Olympic appoints US gaming executive as new CEO
Baltic casino group Olympic Entertainment has appointed Corey Plummer to the Management Board as Chief Executive Officer effective immediately, replacing Madis Jääger who will step down from the Management Board and from his position of CEO and become a senior advisor to OEG. As part of this reorganisation, Mr Plummer will resign from OEG’s Supervisory…
Estonia – 2017 sees growth of five per cent for Olympic
Big revenue gains in Estonia, Malta and Italy helped drive Olympic Entertainment’s revenue before gaming taxes for 2017 to €215.1m, up 4.9 per cent or €10m year-on-year. Total gaming revenue before gaming taxes accounted for 89.6 per cent of the company’s revenues. The group’s consolidated EBITDA for 2017 amounted to €47.3m, a decline of 12.1…
Latvia – Riga officials vote to limit gambling from city’s historic district
The Riga City Council in Latvia’s capital has voted to prohibit all slot halls in the city’s historic district, apart from those housed in four or five-star hotels. The vote will see the 41 gaming venues shut down by the council and follows a Supreme Court ruling decision to approve the council’s rejection of a…
Malta- Olympic Entertainment sets up for online in Malta
Baltic-born operator Olympic Entertainment Group has established and registered a new company Olybet Malta Limited in Malta with share capital of €5,000. OEG CEO Madis Jääger said: “The aim of establishing the subsidiary is to develop the legal platform for the expansion of OEG group’s activities in the business of remote gambling.The establishment of this…
Poland – Olympic Casino Sunrise files for bankruptcy
Olympic Entertainment Group’s Polish subsidiary Casino Polonia-Wrocław, which operated the flagship casino of OEG in Warsaw until September 2016, Olympic Casino Sunrise, has submitted to the court its bankruptcy petition. The Baltic-based operator had informed back in September that its bid for a local specific activity license had been rejected by the Ministry of Finance….
Estonia – Baltic markets help boost Olympic by 17.8 per cent
Estonian-born operator Olympic Entertainment continued its bounce back with consolidated sales revenues for the first nine months of 2016 amounting to €142.1m, up 17.8 per cent or €21.4m year on year. Gaming revenues accounted for 92.6 per cent of this total. The Group’s consolidated EBITDA for 9 months of 2016 amounted to €44.2m, a growth…
Estonia – Olympic opens Estonian flagship in Tallinn
Olympic Entertainment Group has now opened its new hotel and entertainment complex in the centre of Tallinn. The Group invested more than €45m in the building that accommodates the Baltic’s first Hilton and the flagship casino of OEG. Hilton Tallinn Park has a total of 202 rooms including 27 suits. The top floor of the…
