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 …
Read More »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 …
Read More »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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