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Tag Archives: Olympic

Italy – Olympic merges Italian affiliates

The Italian subsidiaries of OEG, casino operating companies Slottery S.r.l. and Jackpot Game S.r.l., concluded a merger agreement on May 8. The merger will be finalised within the current year and during the course of the merger Jackpot Game S.r.l. will merge with Slottery S.r.l. After the merger has been completed the group will continue…

Belarus – Olympic exits the Belarusian market

Olympic Entertainment Group (OEG) has confirmed it will exit the Belarusian gaming market due to the inefficient operations caused by the macroeconomic situation and poor prospects to increase profitability in Belarus. The revenues and income of the Belarusian subsidiary of OEG in 1H 2016 amounted to €0.2m and operating loss amounted to €0.15m. In 1H…

Estonia – Olympic sells subsidiary that owns Hilton hotel building in Estonia

OEG group company Jessy Investments has entered into an agreement to divest the 100 per cent holding in its Estonian subsidiary Kesklinna Hotelli OÜ that owns the hotel and entertainment complex building in Tallinn, where the Hilton Tallinn Park hotel and the flagship casino of OEG group, Olympic Park Casino, are based in. The buyer…

Slovakia – Olympic opens new Žilina location

The latest member of Olympic Casino Slovakia has been welcomed into the group in the northern city of Žilina. Žilina is currently enjoying a luxuriously modern casino, which is part of the 4-star Holiday Inn hotel in the city. The location extends to 450sq.m. and offers 42 slot machines and seven table games; two roulette…

Estonia – OEG sets up in Holland and Jersey

OEG’s subsidiary Olympic Casino Eesti AS has acquired a 100 per cent share holding of a holding company Siquia Holding B.V. (share capital €21,101) registered in the Netherlands. In addition, OEG has established and registered the companies Gametech Services Limited and Gametech Licensing Limited in Jersey without making a share capital contribution, whereas the authorised…

Estonia – Olympic rakes in 24m euros

Olympic Entertainment Group, operator of the Estonia’s largest casino chain, reported a net profit of €24.2m for 2012, up from 13.8m the previous year. The company increased revenues by €8.6m last year to reach 135.9m. It also opened two additional casinos to take its international total to 63. The Estonian-founded and run group operates casinos…