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ESTONIA'S FIRST ONLINE CASINO LICENSEE REPORTS RESULTS
Posted 1/19/11 : Olympia shows the way with a rewarding 2010
The Baltic states clearly have good online gambling potential, judging by Q4 and FY 2010 unaudited results published by Olympic Entertainment Group this week. Group subsidiary Olympic Casino Eesti AS - the first to achieve licensing from Estonia - reported a 12 percent rise in revenues to Euro 25.7 million) for the 2010 financial year.
Powered by Playtech, which has a strong presence in the Baltic, the OEG operates three sites in the region: Olympic Casino Eesti AS in Estonia; Olympic Casino Latvia SIA; and Olympic Casino Group Baltija UAB in Lithuania.
The company is obliged to report its business numbers by regulators in Estonian Association of Gambling Operators, Latvian Gambling Inspection and Lithuanian Gambling Inspection.
Olympic Casino Eesti AS unaudited revenues for 2010 rose just under 12 percent and totalled Euro 25.7 million, including Euro 6.9 million of Q4 revenues (a Euro 800 000 rise on Q4:2009).
Olympic Casino Latvia SIA unaudited revenues for 2010 totalled Euro 23.8 million, including Euro 7.1 million within Q4. Last years` revenues totalled Euro 22.6 million, including Euro 5.6 millionwithin Q4.
Olympic Casino Group Baltija UAB unaudited revenues for the year of 2010 totalled Euro 16.2 million, including Euro 4.1 million within the fourth quarter, compared with 2009 numbers of Euro 17.6 million, and Euro 4 million in Q4 respectively - a decline of almost 8 percent over the year, although Q4 revenues picked up and were 2.6 percent better than the previous year,
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Gambling News :
Amaya FY2016 Trading Update -
The Montreal-based Amaya online gambling group has issued a trading update covering FY 2016 and improving its forecast revenue and earnings numbers.
LeoVegas To Sponsor Leicester Tigers -
The agreement includes official partner accreditation, media space at Welford Road stadium and matchday tickets and VIP hospitality as well as two pitchside perimeter boards from the 2017/18 season and one for duration of the 2016/17 season.
Optima Information Services iShop -
Industry visitors to the recent TVC Bookmakers Trade Fair in Solihull, UK were much taken by Spanish betting technology firm Optima Information Services' iShop product, and the company went on to win the SBC Best Retail Betting Product award with it last month.
CAGAYAN CHIEF MOVES TO REASSURE LICENSEES -
Apparently $4 million is going into improvements of the Authority’s data centre in the Freeport at Cagayan, whilst another $3 million has been earmarked for an upgrade to data infrastructure located outside the Freeport.
New Massachusetts Online Gambling Bill -
It seems that every two years (give or take a few months) Massachusetts state Senator Bruce Tarr flights an online gambling legalization bill in the state Senate.
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