Saturday, September 26, 2020

Tag: Olympic Entertainment Group

Olympic Entertainment Group sees net profit rise despite reduction in casino portfolio

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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...

Olympic files actions against Riga premises closures

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  Olympic Entertainment Group has announced the official filing of a court action regarding decisions to cancel gaming permits across seven of its premises in Riga.   The Eastern European gambling operator, Olympic Entertainment Group (OEG) has stepped its fight to preserve seven gaming halls in the Latvian capital of Riga which are currently operated by its national subsidiary, Olympic Casino Latvia...

Olympic exits Belarusian gaming market

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Eastern European casino operator, Olympic Entertainment Group (OEG), has liquidated its subsidiary in Belarus due to “inefficient operations caused by the macroeconomic situation and poor prospects to increase profitability in the country”   In the first half of 2016, the revenues and income of Olympic Casino Bel IP amounted to E200,000 and operating loss amounted to E150,000.The company’s Belarusian division, which...

Olympic Entertainment integrates live casino solution

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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...

New Olympic property opens with cabinets from EGT

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Euro Games Technology’s casino equipment has once again been chosen by Olympic Entertainment Group, as the company opens its newest property in Estonia.   Olympic Entertainment Group has opened the Olympic Park casino in Tallinn, Estonia. The property, which is spread across over 17,000sq.ft, features almost 100 slot machines and table games, including cabinets from Euro Games Technology (EGT). The new casino...

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