Market announcement
Olympic Entertainment Group AS
Category
Other price sensitive information
Date
03.08.2009 17:05:16
Title
OEG Ukraina tütarettevõtete likvideerimisega kaasnevad kahjumid
Message
9. juulil alustas OEG Ukraina tütarettevõtete Olympic Casino Ukraine TOV, Ukraine Leisure Company ja Eldorado Leisure Company likvideerimisprotsessi seoses asjaoluga, et Ukraina parlament keelustas kasiinode tegevuse Ukrainas teadmata ajaks ning tühistas kõik kasiinoettevõtetele välja antud litsentsid. OEG Ukraina tütarettevõtete kasiinod olid mai ja juuni jooksul kokku suletud 27 päeva. Seoses tegevuse peatamisega jäi teenimata hinnanguliselt 18,0 miljonit krooni (1,2 miljonit eurot) tulusid. Ukraina tütarettevõtete likvideerimisega kaasneb osaliselt Ukrainas paiknevate varade müük ning osaliselt varade maha kandmine, millega kaasnevad allahindluskahjumid on eeldatavasti 187,1 miljonit krooni (12,0 miljonit eurot). Tulenevalt teenis Ukraina segment 2. kvartalis ärikahjumit 200,3 miljonit krooni (12,8 miljonit eurot) ning poolaasta kokkuvõttes 210,5 miljonit krooni (13,5 miljonit eurot). Ukraina ettevõtete ebitda 1. poolaastal oli positiivne 0,7 miljoni krooniga (0,04 miljonit eurot). OEG plaanib nõuda Ukraina riigilt investeeringute kompensatsiooni Eesti Vabariigi Valitsuse ja Ukraina valitsuse vahelisele investeeringute soodustamise ja vastastikuse kaitse lepingule tuginedes ning on vastavasisulise protsessi käivitanud. Lisainfo: Andri Avila Tegevdirektor Olympic Entertainment Group Tel + 372 667 1250 E-post andri.avila@oc.eu http://www.olympic-casino.com
Title
Losses connected with OEG Ukrainian subsidiaries liquidation
Message
On July 9th OEG has launched a liquidation process of Ukrainian subsidiaries Olympic Casino Ukraine TOV, Ukraine Leisure Company and Eldorado Leisure Company due to the fact, that Ukrainian parliament has banned casino operations in Ukraine for an undefined period and has cancelled all licences issued to casino enterprises. Casinos of OEG Ukrainian subsidiaries were closed for a total of 27 days within May and June 2009. Due to operations suspension approximately 18.0 million kroons (1.2 million euros) of revenues were not received. Liquidation of Ukrainian subsidiaries will cause partial sale and partial write-off of assets located in Ukraine, which estimatedly bring impairment losses in amount of approximately 187.1 million kroons (12.0 million euros). In connection with the circumstances mentioned above Ukrainian segment has earned an operating loss in amount of 200.3 million kroons (12.8 million euros) in the 2nd quarter of 2009 and 210.5 million kroons (13.5 million euros) in total for the first half of 2009. EBIDTA of Ukrainian subsidiaries for the first half of 2009 was positive and totalled 0.7 million krones (0.04 million Euros). OEG is planning to demand compensation of investments from the Ukrainian state basing on investments propitiation and mutual protection agreement signed between Estonian and Ukrainian governments and has already started this process. Additional information: Andri Avila CEO Olympic Entertainment Group Tel + 372 667 1250 E-post andri.avila@oc.eu http://www.olympic-casino.com