Bloomberg News

Olympic Entertainment Says Quarterly Revenue Rose in Baltics

January 16, 2012

Jan. 16 (Bloomberg) -- Olympic Entertainment Group AS, the only publicly traded casino operator in eastern Europe, said fourth-quarter revenue rose in Estonia, Latvia and Lithuania.

Revenue at Olympic Casino’s Estonian unit jumped 21 percent from a year earlier to 8.1 million euros ($10.3 million), the company said today in a statement to the Tallinn Stock Exchange. Revenue increased 19.4 percent to 8 million euros at Olympic’s Latvian unit and 19.5 percent to 4.9 million euros at the Lithuanian unit.

--Editor: Tim Farrand

To contact the reporter on this story: Ott Ummelas in Tallinn at oummelas@bloomberg.net

To contact the editor responsible for this story: Balazs Penz at bpenz@bloomberg.net


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