Tag Archives: Olympic Entertainment Group

OPTIMA: Taking an operator-led approach to R&D

innovation

The openness to innovation, the research to support new innovation, the resources to gain ‘first mover advantage’ for such innovation, or the response time to existing innovation. Whatever the context, innovation is a buzzword that dominates the industry agenda. However, sports betting and gaming solutions provider OPTIMA has taken a slightly different approach to arming its operators with the right …

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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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#boscon2017: Analysing the evolving role of sports traders

sportsbook

One of the first topics to arise at this year’s Betting on Sports conference was the evolving role of the sports trader. Jens Nielsen, Head of Sportsbook, Danske Spil revealed: “The specialist knowledge has moved into a niche, into smaller sports like, handball and Esports.” Nielsen added: “I doubt everything will be automated in the future, the need for strong …

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Olympic Entertainment announces full Belarus exit as company deals with Riga restrictions

Updating the market, Estonian gambling operator Olympic Entertainment Group (OEG) has completed the liquidation of Belarusian subsidiary Olympic Casino BEL as the company completes its full Belarus exit. Issuing a short corporate statement, OEG governance detailed that its market exit would have no impact on its group performance and that the firm had no remaining interest or assets in the …

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Olybet relaunches affiliate programme with Income Access

Industry affiliate marketing and player acquisition software provider, Income Access continues its recent run of commercial partnership successes announcing that it has agreed to service the affiliate programme of Estonia-based gambling operator Olympic Entertainment Group (OEG). Updating the media, Income Access management detailed that OEG will relaunch its OlyBet brand affiliate programme utilising its igaming specialised marketing software. Regulated by the …

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Olympic Entertainment Group merges Eastern European gambling assets

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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Olympic Entertainment expands in Latvia following strong 2015 opening

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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Latvia drives Olympic Entertainment Group performance

Eastern European gambling and sports betting operator Olympic Entertainment Group (OEG) has reported full year 2014 net revenues of €141 million (£109 million) up 3.8% on the €136 million (£105 million) posted for 2013. The gambling operator cited that its positive performance had been driven by expansion into new markets as OEG saw a 21% €43.9 million net revenue lift …

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