Mart Relve to become the third member of the Olympic Entertainment Group’s Management Board

Posted on 18.12.2006

According to Armin Karu, the company’s Chairman of the Board, enlargement of the Management Board was a logical step in view of the great workload brought about by the rapid development of the company. “As I understand, Mart has a sound theoretical base, plenty of valuable managerial experience and all the characteristics required from a leader,” said Armin Karu explaining the choice.

Armin Karu will carry on as the OEG Chairman of the Board with the scope of his responsibilities including the strategic management of the group and application of the development plans directed at rapid expansion. The main responsibilities of Andri Avila, the other member of the Management Board, include financial management and investor relations.

The main task for Relve will be to organise the daily management of the companies belonging to the group. “Olympic Entertainment Group is probably the most interesting company with the highest level of internationalisation among Estonian enterprises and this is making the challenge particularly attractive,” noted Mart Relve commenting on his new position. In recent years Mart Relve has been working as the Vice-President of Commerce of the aviation company Estonian Air, Member of the Board and Executive Manager of the chain of kiosks R Kiosk and the Director General of Estonian Chamber of Commerce and Industry.

Olympic Entertainment Group operating by the brand name of Olympic Casino is the leading casino and entertainment group in the Baltic countries, operating 22 casinos in Estonia, 38 in Latvia, 9 in Lithuania, 7 in the Ukraine and 1 in Byelorussia. The group employs a total of more than 2,400 people.

Olympic Casino’s management system is certified according to the requirements of the international ISO 9001 quality management standard. The company is a full member of the European Casino Association (ECA) and a major sponsor of the Estonian Olympic Committee (EOK). The shares of Olympic Entertainment Group are listed for trading in the general index at the Tallinn Stock Exchange.

Additional information:

Andri Avila
Member of the Board
Olympic Entertainment Group
Phone + 372 667 1250

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