Olympic Casino completed the acquisition of Ukraine’s leading casino operator
Posted on 17.09.2007
The acquisition of Ukraine’s well-known casino operator increased the market share of OEG in Ukraine and enabled the company to enter the market of table gaming. According to Andri Avila, member of the Management Board of OEG, the start of table operations is clearly a new quality level and strong implementation of the entertaining casino concept of Olympic Casino on the Ukrainian market.
„All five Eldorado casinos are located in popular and prestigious areas in central Kyiv or in its close proximity,” said Avila. “Three out of five Eldorado casinos have gaming tables while the rest are slot casinos.”
Including the newly acquired five Eldorado casinos OEG now owns 18 gaming locations in Ukraine. All current Olympic Casinos in Ukraine were slot casinos. According to plan, all acquired Eldorado casinos will be rebranded as Olympic Casinos.
Andri Avila said that the conditions for increasing market share in Ukraine were favourable. “The market regulation is improving – a new gambling act is being drafted and local governments have wider control over the legality of market operators than before,” he said. “All this will strengthen the position of legitimate operators on the market and will support the continued growth of Olympic Casino.”
OEG entered the Ukraine gaming market in November 2004. After the acquisition of Eldorado the company has more than 600 employees in Ukraine.
Olympic Entertainment Group that operates under the Olympic Casino brand name is the largest provider of casino entertainment in the region, employing over 3,000 people. Olympic Entertainment Group is the full member of the European Casino Association (ECA). At present the Group operates casinos in Estonia, Latvia, Lithuania, Belarus, Ukraine, Romania and Poland, and has set up a subsidiary in Slovakia. Shares of Olympic Entertainment Group are traded in the Main List of the Tallinn Stock Exchange.
Member of the Management Board
Olympic Entertainment Group
Tel + 372 667 1250