Tag Archives: OEG

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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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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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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OEG completes UAB Orakulas sports-betting operator acquisition

After getting the go ahead from the Lithuanian Competition Council, Olympic Entertainment Group (OEG) has announced the completion of the acquisition of sports-betting operator UAB Orakulas. OEG acquired 100% of shares in the firm, and this notably increases its stake in the overall gambling sector in the country. OEG now owns 35 betting shops and 18 casinos throughout Lithuania. Twelve …

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Olympic Entertainment extends Estonia presence with AS MC Kasiinod acquisition

Eastern European Gambling operator Olympic Entertainment Group (OEG) has confirmed that it has agreed the purchase of Estonian casino and arcade operator AS MC Kasiinod (AS MC) The undisclosed acquisition will see OEG take 100% ownership of AS MC assets and subsidiaries including Estonian gaming machine suppliers OÜ Oma & Hea. OEG extends its leading presence within the Estonian market …

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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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