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OEG MANAGEMENT BOARD MOVEMENTS AND RESULTS

Monday  November 14, 2011 :  Changes enable more focus on developing online casino Olympic Online
 
Estonian online casino operator Olympic Entertainment Group AS (OEG) has announced the appointment of Madis Jääger as new chairman of its management board.
 
Current chairman of the management board Indrek Jürgenson will continue as a board member and Meelis Pielberg will become the third board member.
 
Meelis Pielberg, the new board member of OEG, has been with the company since 1996 and in 2006 became the head of development of Olympic Casino Eesti (OCE) and chairman of the management board of OCE since 2009.
 
The OEG management board changes reflect Jääger as Chairman responsible for overall and financial management of the group; Meelis Pielberg to oversee land-based operations; and Indrek Jürgenson managing online casino division Olympic-online.com.
 
The management board of Olympic Casino Eesti AS will be chaired by Aigar Hain who has been with the company since 1998 and in the last five years has been the quality manager of both the Group and its Estonian subsidiary.
 
The expansion of the management board and re-division of the responsibilities of board members enables the Group to focus more on developing the operations of its online casino Olympic-Online.com said a company spokesperson.
 
In related news, the Group posted a strong performance for the nine month period ending September 30, 2011 as follows:
 
-     Group consolidated sales revenue for the 9 months of 2011 totaled Euros 88.8 million
-     Group revenue totaled Euros 93.2 million, an increase of 13.9 percent (9M/2010: Euros 81.8 million)
-     Group EBITDA Euros 24 million (9M/2010: Euros 15.5 million).
-     Operating profit totaled Euros 11.5 million (9M/2010: Euros 2.1 million)
 
-     Olympic Casino Eesti AS gaming revenues totaled Euros 19.8 million (9M/2010: Euros 18.2 million), an increase of 8.8 percent
 
-     Olympic Casino Latvia SIA gaming revenues totaled Euros 19.5 million (9M/2010: 15.9 million), an increase of 22.6 percent
 
-     Olympic Casino Group Baltija UAB gaming revenues totaled Euros 12.9 million (9M/2010: Euros 12.1 million), increased by 6.6 percent

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Gambling News :

Local Florida Poker Pros Scam Marc Klang For $500k - Previous scumbag rightfully wins over $500,000 gambling against a conglomerate of local poker pros. After using every excuse possible, said group decides they are not paying out any money. After some time they pay out $43k of 500k. Winner warns community of the groups actions to prevent similar future scams.

2017 Super High Roller Bowl Schedule - Poker Central, POKER PROductions and the Aria Resort & Casino have released details on the 2017 Super High Roller Bowl taking place 28-31 May.

Super Multitimes Progressive HD Slot - This 3-row, 5-reel slot features Multipliers, Wilds, Free Spins and four Progressive Jackpot levels offering increasing wins to heighten player engagement.

2017 Aussie Milliona Updates Events 2,3,4 - Taiwan's James Chen bested Australian Rainer Quel heads up to win the first championship ring of the series in which he defeated a field of 48 players in Event 2: $2,500 H.O.R.S.E. earning the top prize of AUD$39,700.

Juventus name VWin as Partner - “We are very satisfied with this new regional partnership that confirms Juventus’ global growth in high potential markets such as this one,” Giorgio Ricci, co-chief revenue officer & head of global partnerships and global revenue for Juventus said.

Luckia Group 2016 Results - The group reports record turnover of Euro 269.66 million, up 12 percent over full year 2015 with EBITDA standing at Euro 44 million, a 26 percent increase over the previous year.

Fire Rooster Slot Launches - This 5-reel, graphic-rich slot is based on the Chinese legend, The Rooster’s Lament, in which the Jade Emperor chooses specific animals to represent the months of the year.

n2-Live Updates - The company promises new features designed to enhance the playing experience that “further distance our gaming solutions from the ‘me too’ products currently available in the market place.”

Betfred FY 2016 - Betfred has seemingly reversed its fortunes with a strong 2016 delivering a GBP 28,438,000 operating profit as opposed to the GBP 77,312,000 loss in fiscal year 2015.

BetConstruct has joined the National Council on Problem Gambling - BetConstruct has joined the National Council on Problem Gambling (NCPG) saying it feels a duty to support an organization that strives to keep gaming fun and safe for all.

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