Activity licence of the Olympic Casino Ltd has been renewed by the Ministry of Finance

Posted on 06.10.2005

Today the activity licence of the Olympic Casino Estonia Ltd, provider of gambling services, was renewed for the next ten years by the Ministry of Finance. Current licence will expire on the 17th of January 2006 and the renewed licence will enter into force on the next day.
During acquisition of the current licence in 1996 the Olympic Casino was represented in Estonia by five operating casinos. Today the brand of Olympic Casino has made its way to the gambling markets of Latvia, Lithuania and Ukraine.

“Olympic Casino is being represented with 32 casinos in four countries at the moment”, said Armin Karu, chairman of the board of the Olympic Entertainment Group, holding company of the Olympic Casino Estonia Ltd. “Half of them – 16 operate in Estonia, seven in Lithuania, five in Latvia and four in Ukraine. The activity licence entering into force on the 18th of January next year enables the Olympic Casino Estonia Ltd to provide gambling services till 2016. According to Armin Karu, the company will continue its expansion actively in Estonia as well as in markets abroad.

Olympic Casino Estonia Ltd, part of the biggest gambling organising company in the Baltic States, Olympic Entertainment Group, launched its activities in 1993. The company celebrates its 12th anniversary in October this year. Olympic Casino provides job for more than 1200 employees in the Baltic States and Ukraine. Working order of the company applies to the requirements of the ISO 9001 international standard of quality.

Additional information:
Armin Karu
Olympic Entertainment Group, chairman of the board
phone: 667 1250

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