Edition:
United States

Olympic Entertainment Group AS (OEG1T.TL)

OEG1T.TL on Tallin Stock Exchange

1.86EUR
9:59am EDT
Change (% chg)

€0.00 (+0.00%)
Prev Close
€1.86
Open
€1.86
Day's High
€1.86
Day's Low
€1.85
Volume
33,925
Avg. Vol
79,958
52-wk High
€2.02
52-wk Low
€1.75

Latest Key Developments (Source: Significant Developments)

Olympic Entertainment FY 2016 net profit down at 5.3 mln euros
Tuesday, 28 Feb 2017 04:35am EST 

Olympic Entertainment Group AS : Q4 2016 sales at 52.3 million euros ($55.36 million) versus 41.7 million euros last year . Q4 2016 net profit at 5.3 million euros versus 6.7 million euros last year .FY 2016 EBITDA at 53.8 million euros versus 39.5 million euros last year.  Full Article

Olympic Entertainment Group: Lithuanian unit to be demerged into two entities
Monday, 27 Feb 2017 02:00am EST 

Olympic Entertainment Group AS : Lithuanian subsidiary, UAB Orakulas, will be demerged into two entities within H1 2017 .Aim of demerger is to adjust group structure by separating technology platform of online operations and trading and risk management for sports betting services from operational activities of subsidiary.  Full Article

Olympic Entertainment forms company in Malta
Thursday, 12 Jan 2017 02:01am EST 

Olympic Entertainment Group AS : Establishes Olybet Malta Limited in Malta with share capital of 5,000 euros ($5,314) .Says aim of establishing subsidiary is to develop legal platform for expansion of OEG group's activities in business of remote gambling.  Full Article

Poland rejects Olympic Entertainment Group applications for location specific activity license
Friday, 30 Sep 2016 02:15am EDT 

Olympic Entertainment Group AS :Ministry of Finance of Poland rejected applications for location specific activity license for Warsaw submitted on Sept. 1 by Polish subsidiaries of OEG Casino Polonia-Wrocław and Ultramedia.  Full Article

Olympic Entertainment exits Belarusian market and liquidates its Belarusian unit
Monday, 26 Sep 2016 04:24am EDT 

Olympic Entertainment Group AS : Reported on Friday that exits the Belarusian market and starts the liquidation of its Belarusian subsidiary .The liquidation will not cause any material impairment of assets nor liquidation related costs, which will be about 0.1-0.2 million euros.  Full Article

Olympic Entertainment freezes operations in Poland
Monday, 26 Sep 2016 04:20am EDT 

Olympic Entertainment Group SA : Reported on Friday that according to the Polish law, a public tender is held for the issue of location specific activity licenses if there are more applicants than there are the licenses to be issued . Freezing the active operations of the Polish subsidiaries will result in an impairment of goodwill and assets in Poland with book value in the range of 9-10 million euros and costs associated with freezing operations amount to about 1 million euros ($1.12 million) . Maintains in Poland up to 15 job positions during the time when operations are frozen, and additionally current employees are offered the possibility to start working in 50 vacant positions in theGroup’s subsidiaries in other countries .Employment relationships with other employees will be terminated in accordance with the law.  Full Article

Olympic Entertainment completes EUR 48 mln sale of unit
Wednesday, 10 Aug 2016 09:05am EDT 

Olympic Entertainment Group AS : Completes sales transaction of subsidiary that owns Hilton hotel complex building in Estonia .Transaction price is 48 million euros ($53.70 million).  Full Article

Olympic Entertainment Group H1 net profit down at EUR 9.8 million
Tuesday, 26 Jul 2016 02:00am EDT 

Olympic Entertainment Group AS : Says consolidated sales revenues for H1 2016 amounted to 92.0 million euros ($101.31 million), up 14.0 percent or 11.3 million euros y-o-y . Says consolidated EBITDA for H1 2016 amounted to 17.1 million euros, a decline of 6.9 percent from 18.4 million euros a year before .Says consolidated net profit for H1 2016 totalled 9.8 million euros compared to 11.8 million euros a year ago.  Full Article

Olympic Entertainment Group to pay FY 2015 dividend of EUR 0.15 per share
Thursday, 16 Jun 2016 10:55am EDT 

Olympic Entertainment Group AS : To pay a dividend of 0.15 euro per share, altogether in amount of 22.8 million euros ($25.43 million) .0.10 euro per share shall be paid to shareholders on 15 July 2016 and 0.05 euros per share on 14 October 2016.  Full Article

Olympic Entertainment Group opens new hotel and entertainment complex
Wednesday, 1 Jun 2016 02:30am EDT 

Olympic Entertainment Group AS : Opens new hotel and entertainment complex in centre of Tallinn .Group invested more than 45.0 million euros ($50.09 million)in Baltic's first Hilton and flagship casino.  Full Article

More From Around the Web

BRIEF-Olympic Entertainment FY 2016 net profit down at 5.3 mln euros

* Q4 2016 sales at 52.3 million euros ($55.36 million) versus 41.7 million euros last year