Olympic Casino opened a new gaming location in Ukraine

Posted on 26.11.2007

Casino, which was opened this weekend, is the 14th Olympic Casino in Ukraine. In addition, the company owns 5 casinos under brand name Eldorado, which were acquired in September and will be re-branded as Olympic Casinos.

Ukraine’s newest Olympic Casino is named Olympic Casino Shevchenko and it is located in the centre of Kyiv, on a major thoroughfare of Shevchenko Boulevard. The 219 square meter casino is designed in Ancient Greek style and includes 42 modern slot machines and a spacious bar area.

Andri Avila, Member of the Management Board of OEG, said that the Ukraine market continues to offer good growth opportunities. “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. The company employs more than 600 people in Ukraine. As a result of the acquisition of Eldorado, one of Ukraine’s best known casino operators, that was closed in September, Olympic Casino acquired five casinos which allowed it to enter the market of table operations. The acquisition of Eldorado cost around 9.2 mil euros.

Olympic Entertainment Group that operates under the Olympic Casino brand name is the largest provider of casino entertainment in the region, employing around 3,800 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 and Warsaw Stock Exchange.

Additional information:

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

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