Market announcement
Olympic Entertainment Group AS
LEI code
097900BHBZ0000064366
General information
Categories
Other price sensitive information
Unique data record identifier
5696
Submission date and time
23.09.2016 19:26:19
Content of announcement in Estonian
Title
OEG väljub Valgevene turult ja alustab Valgevene tütarettevõtja likvideerimist
Message
Olympic Entertainment Group (OEG) väljub Valgevene hasartmänguturult seoses makromajanduslikust olukorrast tingitud ebaefektiivsest opereerimisest ja kehvadest väljavaadetest kasumlikkuse suurendamisest Valgevenes. OEG Valgevene tütarettevõtja äritulud 2016. aasta esimesel kuuel kuul olid 0,2 miljonit eurot ning ärikahjum 0,15 miljonit eurot. Valgevene operatsioonid andsid esimesel poolaastal 0,2% kontserni ärituludest. Valgevene tütarettevõtja likvideerimisega OEG-le olulisi varade raamatupidamislike allahindluseid ja likvideerimisega kaasnevaid kulusid ei kaasne, jäädes ligikaudu 0,1-0,2 miljoni euroni. Madis Jääger Juhatuse esimees Olympic Entertainment Group AS Tel + 372 667 1250 E-post [email protected] http://www.olympic-casino.com
Content of announcement in English
Title
OEG exits the Belarusian market and starts the liquidation of its Belarusian subsidiary
Message
Olympic Entertainment Group (OEG) exits the Belarusian gaming market due to the inefficient operations caused by the macroeconomic situation and poor prospects to increase profitability in Belarus. The revenues and income of the Belarusian subsidiary of OEG in 1H 2016 amounted to EUR 0.2 million and operating loss amounted to EUR 0.15 million. In 1H 2016 the Belarusian operations constituted 0.2% of the Group’s total revenue and income. The liquidation of the Belarusian subsidiary will not cause OEG any material impairment of assets nor liquidation related costs, which will be about EUR 0.1-0.2 million. Madis Jääger CEO Olympic Entertainment Group AS Tel + 372 667 1250 E-mail [email protected] http://www.olympic-casino.com