Olympic Entertainment Group consolidates its Eastern European operations

Last week, the company published that 2015’s revenue was €165.9 million (US$185.19 million) in comparison with €150.7 million (US$169 million) in 2014, meaning a 10 percent of increment.

Slovakia.- Olympic Entertainment Group –OEG– has announced that its Eastern European assets will be merged due to improvements in the fiscal year financial data in those markets. The Estonian company, headquartered in capital Tallinn, revealed the information four days after the 2015’s results were published.

Estonia and Slovakia will merge its business subsidiaries and the decisions held in the OEG governance will include named countries plus Poland, Belarus, Latvia, Lithuania, Italy and Malta. As the company commented, these are the eight active markets that have been showing increment in its revenues.

The merged brand will be named Olympic Casino Slovakia and will include OEG’s Slovak subsidiaries of Olympic Casino Slovakia and Olympic F&B. The main target of this fusion is to adjust the regional business structure. As to Estonia, recently acquired casino operator AS MC Kasiinod assets will be turned into core brand Olympic Casino Eesti. The complete integration will be completed by the end of 2016.