Olympic Entertainment Group Explained

Olympic Entertainment Group
Industry:Gaming services
Founded:1993
Founder:Armin Karu
Website:https://www.olympic-casino.com/group

Olympic Entertainment Group (OEG) is an Estonian concern which focuses on entertainment business. The Group is the leading provider of gaming services in Baltic States and also operates casinos in Italy, Malta, Slovakia.[1] and recently Croatia.

The company's board members are Indrek Jürgenson since October 1, 2009 and Madis Jääger since December 27, 2010.[2]

History

In March 2018, the Luxembourg-based holding Novalpina, through its subsidiary Odyssey Europe AS, offered to buy all the shares of Olympic Entertainment Group.[3] The takeover bid, which reached 288 million euros, was accepted by the board of OEG.[4] The company was delisted from the Nasdaq Tallinn in October 2018,[5] and a new CEO, Corey Plummer, was appointed the following month.[6]

In April 2020, OEG signed an exclusive deal with GGNetwork.[7]

Description

As of December 2018, the Group had a total of 114 casinos and 23 betting points: 24 casinos in Estonia, 52 in Latvia, 17 in Lithuania, 6 in Slovakia, 14 in Italy and 1 in Malta.

As of 2019, by revenue of 30 million euros, the Group is 8th in Estonia.[8]

The Group is employed 2852 people in 6 countries.

The Group has been in main list of Nasdaq Tallinn.

Notes and References

  1. Web site: Corporate Profile . Olympic Entertainment Group . 27 March 2020 . en.
  2. Web site: Äriregistri teabesüsteem .
  3. Web site: 2018-03-19. Novalpina subsidiary to buy Olympic Entertainment for €288.4 million. 2020-09-07. ERR. en.
  4. Web site: 2018-03-21. Olympic Entertainment Group accepts €288m takeover bid. 2020-09-07. CalvinAyre.com. en-US.
  5. Web site: 2018-10-17. New journey begins for Olympic Entertainment as Odyssey completes takeover. 2020-09-07. SBC News. en-US.
  6. Web site: 2018-11-05. Olympic Entertainment Group announces changes to Management Board, Corey Plummer to become new CEO. 2020-09-07. Olympic Entertainment Group AS. GlobeNewswire News Room.
  7. Web site: Miller. George. OlyBet joins the world’s largest poker network as of April 30, 2020. 2020-09-07. en-US.
  8. Web site: Suured kasvasid suuremaks . majandus24.ee . 27 March 2020 . et . 25 October 2018.