Tag Archives: Latvia

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

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

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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Betsson secures Latvia license under Triobet brand

Following a review of services by Latvia’s Lottery and Gambling Supervision Agency (IAUI), Stockholm-listed European sports betting operator Betsson has been granted concession to offer online betting services through its Triobet brand. The decision taken by the IAUI will see Betsson’s online assets removed from Latvia’s online gambling blacklist. The operator is said to want to concentrate its Latvian betting …

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SynotTip nets title sponsorship of Latvia Higher League

Czech Republic gambling and lottery operator Synot Group has confirmed that subsidiary SynotTip will become the title sponsor of Latvian football’s top division ‘The Latvia Higher League’ (Virsliga). Synot Group secures the naming right to the league for three consecutive seasons, in which it will promote subsidiary sports betting brand SynotTip. The operator informed that media that it was pleased …

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Evolution Gaming commits + €12 milllion to Riga office expansion

Igaming content and live games supplier Evolution Gaming has announced that it has purchased further floor space for its Riga (Latvia) offices. The move was sanctioned by the Board of Directors with a view to accommodate Evolution’s growing operations. The additional floor space purchase will amount to a total of €12.4 million. Evolution noted that it had been a tenant …

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Meless named Greatest Poker Player in the Universe

Dmitrijs ‘PokahPPL’ Meless has been named ‘The Greatest Poker Player in the Universe’ after competing in the very first Universal Championship of Poker tournament series (UCOP), organised by MPN. Over the course of 12 events, the series attracted thousands of players from over 100 different countries, awarding over €240,000 in cash prizes to the winners. One of the unique features …

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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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