Tag Archives: Latvia

New journey begins for Olympic Entertainment as Odyssey completes takeover

SBC News 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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Kambi hails World Cup and SCOTUS in latest interim report

SBC News Kambi hails World Cup and SCOTUS in latest interim report

Sports betting technology and software supplier Kambi Group Plc has reported a strong financial performance in the group’s Q2 2018 interim report. Year-on-year revenues have shown a 25 per cent growth for the second quarter of 2018, reaching €17.6m (15.65m) from the previous years €14.1m (£12.54m), aiding a 20 per cent H1 jump from €28.3m (£25.1m) to €34m (£30.2m). Addressing …

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Yggdrasil Gaming expands Betsson deal

BetBright

Yggdrasil Gaming has agreed a new comprehensive deal with Betsson, which will see entry to a number of key regulated markets, in addition to strengthening its strategic partnership with the operator. Denmark, Italy, Spain and Latvia are a selection of the new regulated markets that the collaboration will extend to encapsulate, following the fresh agreement. The first of those to …

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

SBC News 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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‘Live in Riga’…Playtech completes largest ever Live Casino customer migration

SBC News 'Live in Riga'...Playtech completes largest ever Live Casino customer migration

Playtech development has today announced that it has completed the ‘industry’s largest migration’ of dedicated live casino rooms to its new ‘next generation’ studio in Riga Latvia. Completing one its key corporate initiatives for 2017, Playtech migrates its live casino operations to an 8,500 square capacity site built on top of the city’s fortified 16th-century walls in the heart of Riga Old …

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11.LV Latvia launches affiliate program on NetRefer

SBC News 11.LV Latvia launches affiliate program on NetRefer

Latvian operator SIA Viensviens LV has announced that online gambling property 11.LV will be launching its affiliate marketing platform utilising NetRefer software.   SIA Viensviens is the second largest gambling market operator, and is fully licensed by the Latvian Gaming Supervision Inspection authority. Launching subsidiary 11.LV (www.11.LV), the company seeks to build the leading online gambling brand for Latvia. Utilising …

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

SBC News 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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Tempobet launches Live Casino with Evolution Gaming

SBC News Tempobet launches Live Casino with Evolution Gaming

Tempobet has launched an extended Live Casino with Evolution Gaming, using live footage streamed simultaneously from both Malta and Latvia. Tempobet’s branded studio will host 12 blackjack tables, and become one of the first places to feature Evolution’s new Immersive Lite Roulette. The innovative product, which features five HD cameras, showcases the new branded environment, and allows players to follow every …

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

SBC News 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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