Tag Archives: Olympic Entertainment
- Olympic Entertainment defends threatened Latvian slots halls
October 18, 2017
Eastern European gambling operator Olympic Entertainment Group (OEG) isn’t giving up the fight to preserve its threatened Latvian gaming halls. In May, the city council in Latvia’s capital Riga announced plans to purge all gambling halls from the city’s historic center district, with exceptions made for operations based in four-...
- Olympic Entertainment braces as Latvia preps gambling tax hikes
July 13, 2017
Gaming operator Olympic Entertainment Group (OEG) is facing a fresh threat to its bottom line after Latvia’s government announced plans to hike gambling taxes by nearly one-third next year. On Thursday, local media reported on Latvia’s ongoing tax reform plans, which now include proposals to hike gambling taxes by 30%....
- Olympic Ent. faces Latvian closures after Riga gambling ban
May 24, 2017
Eastern European casino operator Olympic Entertainment Group (OEG) may have to close seven slots halls in its number one market after Latvian officials voted to ban gambling in certain areas. On Tuesday, the Riga City Council in Latvia’s capital voted to ban all gambling halls in Riga’s historic center district,...
- OEG’s Polish exit hits profits; Casinos Poland’s Warsaw move
May 3, 2017
Eastern European casino operator Olympic Entertainment Group (OEG) reported flat profits in Q1 following the closure of its Polish operations, just as a rival operator moves into OEG's former Warsaw digs. OEG’s gaming operations generated revenue of €51.5m in the three months ending March 31, 5.3% higher than the same...
- Slovakia’s capital Bratislava bans casino gambling within city limits
April 4, 2017
Slovakia’s capital city Bratislava has banned casino gambling in its metropolitan area, but insists the resulting shutdown will be conducted in an orderly fashion. On March 30, Bratislava city council voted for an absolute ban on gambling within city limits – with carveouts for sports betting shops and lottery retailers...
- OEG establish Malta subsidiary to expand into new online markets
January 12, 2017
Baltic-focused casino and online gambling operator Olympic Entertainment Group (OEG) is looking to boost its online presence in new markets via the establishment of a new Malta subsidiary. On Wednesday, OEG announced that it had registered a wholly owned Malta-based subsidiary, Olybet Malta Ltd. The company says the intention is...
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April 25, 2017
Pokerstars Megastack adds second Malta stop to 2017 schedule
September 20, 2017