Latvia drives Olympic Entertainment Group performance

olybet

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 from its Latvian operations (2013 – €36.2 million)

OEG who operate Olympic Casino and OlyBet Sports Bar brands in several Eastern European jurisdictions further witnessed growth in its Lithuanian reporting a 3.3% net revenue gain to €20.3 million

However a concern for the operator will be its declining home performance in the Estonian market where the operator reported a -2.6% fall in yearly net revenues €31.6 million (2013 – €32.4 million).

Other key OEG market Poland witnessed a -16.9% slump of €22.5 million (2013 €27 million).

The operator is set to publish its full audited results with corporate performance figures in the coming weeks. OEG governance have yet to make a public statement on the results.

Olympic Entertainment Group performance overview 2014 (unaudited)

estonia

 

Check Also

Casinos demand hospitality rescue package as Sunak’s measures fall short

The Betting and Gaming Council (BGC) has stated that Chancellor Rishi Sunak and the HM …

GamCare targets business awareness for Safer Gambling Week 

GamCare has announced that it will offer UK businesses access to free online training and …

Parimatch scores Everton betting partnership

Parimatch has sealed a new partnership with English Premier League football club Everton after the …