Tuesday October 15,2013 : OEG REPORTS RESPECTABLE THIRD QUARTER RESULTS
Sees double digit revenue growth from Latvian sector
The Olympic Entertainment Group made its obligatory declaration to the Estonian Association of Gambling Operators outlining its gaming revenues for the nine-month period ended September 30, 2013.
Through its subsidiaries, Olympic Casino Eesti AS, Olympic Casino Latvia SIA, Altea SIA and Olympic Casino Group Baltija UAB, unaudited gaming revenues for the period yielded:
- Gaming revenues derived from the Estonian Sector for the 9-month period totaled Euro 23.7 million (9M/2012: Euro 22.7 million), representing a 4.4 percent increase, of which Quarter 3 contributed Euro 8.7 million (Q3/2012: Euro 8.4 million), up 3.7 percent.
- The Latvian sector produced gaming revenues for the 9-month period of Euro 25.3 million (9M/2012: Euro 22.6 million), up 11.8 percent. Quarter 3 delivered Euro 10.3 million (Q3/2012: Euro 8.2 million), representing a 25.7 percent increase.
- Lithuania delivered gaming revenues for the 9-month period of Euro 14.6 million (9M/2012: Euro 13.5 million), an increase of 8.4 percent. Quarter 3 revenues totaled Euro 5.2 million (Q3/2012: Euro 4.7 million), up 9.4 percent.