Tag: Estonia

Entain is reported to be pursuing a takeover of Olympic Entertainment Group. The UK betting firm is said to have made an indicative cash offer of more than $1bn for the Estonia-based casino operator.

Estonia-headquarted Olympic Entertainment Group (OEG) saw a rise in profit for the first half of 2018 despite the continuing reduction of its retail casino business. OEG reported gross revenue of E106.6m in the six months ending 30 June, a two percent improvement on the same period last year. Meanwhile, the company saw a 16.7 percent increase in net profit, which rose...

The leading online and mobile casino content provider, iSoftBet, has launched its full suite of games in both Latvia and Estonia via a partnership with Optibet. iSoftBet, has strengthened its hold in Eastern Europe after its full suite of games were certified for launch in Latvia and Estonia. Each game was rigorously tested for compliance by third-party auditor Quinel M Limited,...

Eesti Loto has awarded NOVOMATIC Lottery Solutions with a seven-year contract to manage sales across all its channels.   NOVOMATIC Lottery Solutions (NLS) has emerged victorious from a competitive procurement process with a seven-year contract to manage sales for Eesti Loto. The Estonian lottery provider awarded NLS the contract to supply an Information System for sales management across its channels. NLS claims its...

Olympic Entertainment Group, the Estonia-based casino company with operations across eastern Europe, Italy and Malta, is planning to add live casino gaming to its websites including Olybet.com.   The live gaming service, according to Olympic, which operates 125 casinos and 33 betting shops, may pave the way for convergence within the group’s own land-based venues – a strategy that is increasingly...

In Estonia, Olympic Entertainment Group has posted its latest raft of financial results, which show that its first-quarter 2016 consolidated sales revenues increased by 16 per cent on a like-for-like basis. The company netted E45.4m, up E6.2m on the first three months of 2015. The casino operator’s profit also enjoyed modest growth – with earnings of E9m up 1.6 per...