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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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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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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Stockholm-listed Betsson AB has confirmed that it has entered a binding agreement to acquire Lithuanian betting operator Lošimų Strateginė Grupė, holding company of betting brand TonyBet’s Lithuanian business. Updating the market, Betsson governance detailed that it had acquired Tonybet Lithuanian assets for an initial consideration of €4 million, representing a 3.6x multiple on the acquired firms 2016 to-date EBIT of …
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Online operator TonyBet has turned to technology supplier NYX Gaming Group to launch its NYX Open Gaming System (OGS) to service the regulated markets in Lithuania, Estonia, Denmark and UK. This is the first operator launch for NYX Gaming Group in the regulated market of Lithuania which gives NYX the ability to deliver its portfolio of slots and table game titles …
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Issuing a market update, Tallinn (Estonia) listed gambling operator Olympic Entertainment Group (OEG) has confirmed that it will merge Eastern European assets following the publication of its end of year results. Undertaking a corporate review of operational assets in its eight active markets (Estonia, Slovakia, Poland, Belarus, Latvia, Lithuania, Italy and Malta) OEG governance announced that it would merge business …
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Eastern European Gambling operator Olympic Entertainment Group (OEG) has confirmed that it has agreed the purchase of Estonian casino and arcade operator AS MC Kasiinod (AS MC) The undisclosed acquisition will see OEG take 100% ownership of AS MC assets and subsidiaries including Estonian gaming machine suppliers OÜ Oma & Hea. OEG extends its leading presence within the Estonian market …
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Tallinn listed Olympic Entertainment Group AS (OEG) has announced a strong H1 2015 performance as group revenues increased 12% to €80.7 million (H1 2014 €73.7 million). The operator, which has a strong presence in Eastern European markets, recorded performance increases throughout all its core metrics with EBITDA earnings of €18.4 million (H1 2014 €16.7 million). OEG would record net operating profits …
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Igaming affiliate and partnership management software provider Income Access has entered the Estonian igaming market following the announcement of its partnership with online casino Chanz, A subsidiary of Dreambox Games OÜ, Chanz is licensed in Estonia by the Estonian Tax and Customs Board. The Chanz platform features more than 50 titles, including Baccarat, The Dark Knight Rises, Game of Thrones, …
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In accordance with “recent regulatory developments”, William Hill has confirmed that it will exit its betting and gaming services from Estonia and Portugal markets. The operator send email communications to its affiliates and media partners stating that its services for the markets would end on 28 June. Affiliates and media partners have been instructed to remove all William Hill marketing …
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