Market announcement

Olympic Entertainment Group AS

LEI code

097900BHBZ0000064366

General information

Categories

Other price sensitive information

Unique data record identifier

3213

Submission date and time

17.01.2011 16:21:59

Content of announcement in English

Title

OEG: OEG`s casino entities unconsolidated unaudited revenues for the year and Q4 of 2010 in Estonia, Latvia and Lithuania

Message

Olympic Entertainment Group           Company Announcement            17.01.2011

OEG`s casino entities unconsolidated unaudited revenues for the year and Q4 of
2010 in Estonia, Latvia and Lithuania

OEG's subsidiaries Olympic Casino Eesti AS, Olympic Casino Latvia SIA and
Olympic Casino Group Baltija UAB unconsolidated unaudited revenues for the year
and Q4 of 2010 

OEG publishes its subsidiaries 2010 unconsolidated unaudited revenues due to
the obligation of announcing this information to Estonian Association of
Gambling Operators and its members, Latvian Gambling Inspection and Lithuanian
Gambling Inspection. 

Olympic Casino Eesti AS unconsolidated unaudited revenues of 2010 totalled
402.6 million EEK (25.7 million EUR), including 108.4 million EEK (6.9 million
EUR) of Q4 revenues. Last years` unconsolidated revenues amounted to 360.9
million EEK (23.1 million EUR), including 95.8 million EEK (6.1 million EUR)
earned in Q4. Therefore, the unconsolidated revenue growth composed 11.6% or
41.6 million EEK (2.7 million EUR), including 13.1% or 12.6 million EEK (0.8
million EUR) growth within the fourth quarter. Gaming revenues from online
casino for the year of 2010 were 19.3 million EEK (1.2 million EUR). 

Olympic Casino Latvia SIA unaudited revenues for 2010 totalled 371.6 million
EEK (23.8 million EUR), including 111.2 million EEK (7.1 million EUR) within
the Q4. Last years` revenues totalled 353.5 million EEK (22.6 million EUR),
including 87.2 million EEK (5.6 million EUR) within the Q4. Therefore, the
revenue growth of 2010 composed 5.1% (including 27.5% within the Q4). 

Olympic Casino Group Baltija UAB unaudited revenues for the year of 2010
totalled 253.5 million EEK (16.2 million EUR), including 63.8 million EEK (4.1
million EUR) within the fourth quarter. Last years` revenues totalled 275.2
million EEK (17.6 million EUR), including 62.2 million EEK (4 million EUR) in
the Q4. Therefore, revenue decline compared to 2009 composed 7.9% (at the same
time fourth quarter revenue grew by 2.6% compared to the same period a year
ago). 

For further information, please contact:

Madis Jääger

CFO

Olympic Entertainment Group

Tel + 372 667 1250

E-mail [email protected]

http://www.olympic-casino.com