The Constitutional Court of Latvia has ruled that commercial restrictions imposed by the municipality of Riga on licensed gambling venues are unlawful. Latvia’s judiciary was ordered to intervene and review the plans of the Council of Riga to shut down 139 gambling venues operating in the capital city. The order was authorised by the city’s council, which approved a decree …
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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 …
Read More »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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