Tag Archives: Estonia

New journey begins for Olympic Entertainment as Odyssey completes takeover

Legacy Eastern European gambling operator, Olympic Entertainment Group (OEG) begins a new chapter as a private enterprise. Last Friday, OEG governance completed the firm’s delisting from the Tallinn Nasdaq Exchange, as private equity firm Odyssey Europe completed its €290 million outright takeover of OEG, a transaction first announced on 19 March 2018. Prior to the company hosting its ‘extraordinary general …

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Global Gaming gains Estonian Vision with EMTA licence

Stockholm-listed Global Gaming has confirmed that it has secured an Estonian Tax and Customs Board – EMTA Licence, allowing the firm to participate in the nation’s regulated online gambling marketplace. The firm’s Estonian application has been granted through its corporate subsidiary Safe Ent Ltd, allowing Global Gaming to operate and promote its flagship Ninja Casino brand within Estonia. Further to …

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Olympic Entertainment majority shareholders accept Novalpina’s €288 million buyout offer

Luxembourg-based private equity firm Novalpina Capital has put forward a bid to acquire Tallinn (Estonia) listed gambling firm Olympic Entertainment Group (OEG) outright. Issuing a market update, Novalpina details that it has placed a €1.90 per share offer for OEG’s enterprise through its investment vehicle Odyssey Europe AS. Offering a 3.3% premium on OEG’s ‘average exchange price’ for the past six …

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Olympic Entertainment books major Neon upgrade with Playtech IGS

FTSE-listed gambling technology supplier Playtech Plc has confirmed that it has expanded its lead systems supplier partnership with Olympic Entertainment Group (OEG), Eastern Europe’s largest gambling operator. Securing a long-term partnership, OEG governance has selected Playtech’s Neon casino management system to deliver on ‘connecting more than 100 casinos in five countries, covering approximately 3,500 electronic gaming machines combined with 150 …

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R&D drives Coingaming’s rebrand & redevelopment of Sportsbet.io

Cryptocurrency online gambling operator Coingaming Group has detailed the recent rebrand and full website redevelopment of its Sportsbet.io asset, seeking to lead the sports betting market in new customer UI/UX engagement dynamics. Publishing a case study on Medium.com, key project stakeholder Pavel Zubarev Head of Design for Coingaming Group, detailed that the redevelopment project had been initially launched in 2016, as …

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Velo Partners invests in Foxium ‘full-service’ games studio

Industry venture capital firm Velo Partners has confirmed that it has invested in new ‘full-service’ games development studio Foxium. The investment will see the Foxium management team join the RNG Foundry, an industry-specific accelerator launched by Velo Partners seeking to bring innovation and new operational disciplines to market. Ashley Sandyford-Sykes, Programme Director at RNG Foundry: “Foxium has all the ingredients …

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Coingaming bolsters operations with senior appointment hires

The Coingaming Group, which operates popular bitcoin-led betting brands including Bitcasino.io and Sportsbet.io, has made a series of senior appointments to bolster its marketing and sportsbook teams. Olga Kikas and Ralph Clark have been appointed as Head of Marketing and Head of Business Intelligence respectively across the wider Coingaming Group. Under the Sportsbet.io brand, Dominic Hardcastle has been hired as …

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Coingaming Group appoints Richard Walsh as new MD

Updating the market, Bitcoin gaming operator The Coingaming Group has appointed ex-William Hill executive Richard Walsh as its new managing director. An industry veteran, Walsh spent more than 20 years at William Hill in a variety of senior management positions, and has relocated to the Coingaming Group’s headquarters in Tallinn, Estonia. As the firm’s new MD Walsh will oversee operations and …

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Estonia & Latvia growth offsets Olympic Entertainment closures in Poland & Belarus

Led by growth in its core markets of Estonia and Latvia, Eastern European gambling operator Olympic Entertainment Group (OEG) has reported full-year 2016 revenues (before tax) of €205 million (FY 2015: €177 million) Closing its FY 2016 corporate performance, OEG would declare net revenues of €161 million (FY 2015: €136 million), with its Estonian home market generating revenues of €45 …

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Core market gains see Olympic Entertainment post 21% group revenue uplift

Driven by growth in its markets of Estonia, Latvia and Lithuania, Tallinn-listed Eastern European gambling operator Olympic Entertainment Group AS (Olympic) expects a 21% uplift in group revenues for its Q3 2016 performance (period ending 30 September). Presenting its Q3 2016 ‘unaudited’ results Olympic governance reports expected group revenues of €45 million (Q3 2015: €37.4 million). The Eastern European gambling …

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